HONG KONG — Swire Properties is bringing its successful Taikoo Li shopping concept to Xi’an, the capital of Shaanxi province in China.
Lijun Yao, deputy secretary of the party working committee of Xi’an’s Qujiang new district, said on a radio show last week that Swire will play a key part in the regeneration of the Xi’an Small Wild Goose Pagoda area.
The pagoda was built between 707 and 709 A.D., during the Tang dynasty, when Xi’an was the capital of the Chinese empire. The area is located in the southern suburbs of the city with many tourist attractions, such as the Jianfu Temple and Xi’an Museum.
Yao did not reveal any timeline for the project but said Xi’an Taikoo Li will be better than the one Swire operates in Chengdu, and it will serve as a demonstration of the Tang dynasty’s legacy and Silk Road cultural exchange. St. Regis and Conrad hotels might be included in the project too, according to local press.
Founded in 1972 and headquartered in Hong Kong, Swire Properties is a subsidiary of Swire Group, the British conglomerate with most of its core businesses located within the Asia Pacific region for the past 203 years.
Swire Properties is known for its high-quality commercial developments in mainland China. It operates Taikoo Li Sanlitun and Indigo in Beijing, HKRI Taikoo Hui in Shanghai, Taikoo Hui in Guangzhou and Sino-Ocean Taikoo Li in Chengdu, and it is developing Taikoo Li Qiantan in Shanghai’s Pudong new district, which is expected to be completed in 2020.
Swire, however, only confirmed that it is in talks with Xi’an. A spokesperson from the company said, “We have a good relationship with the Xi’an government and we are engaged in an ongoing dialogue to explore opportunities to develop in the city — which we see as having great growth and development potential.”
Like many provincial capitals in China, Xi’an has seen great infrastructure and commercial improvements in recent years. SKP opened its Xi’an branch in 2018 with 80-plus top international brands and cohosted the WWD Global Fashion and Beauty Forum, while Pradera opened the Mosaic Xi’an mall later that year.