CBRE to provide property management services for Shanghai Tower

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CBRE Group Inc. been selected to provide property management consultancy services for the iconic Shanghai Tower—a 632-meter super-tall skyscraper currently under construction in the Lujiazui district of Shanghai, China.  When completed in 2015, the 574,000-sq.m. mixed-use tower will be one of the most renowned commercial properties in China and around the world.

“Shanghai Tower will be one of the most prestigious properties we have ever managed, and a symbol of China’s distinguished position in the global economy,” said Brett White, Chief Executive Officer of CBRE.  “We look forward to working with Chairman Kong Qing Wei and his team to establish the highest-caliber services for this world-class asset.  Together, we will make Shanghai Tower one of the most desirable corporate and retail destinations in the world.”

An artist’s impression shows the completed Shanghai Tower in the busy Lujiazui financial district of the city. An artist’s impression shows the completed Shanghai Tower in the busy Lujiazui financial district of the city.

CBRE will initially serve as consultant to Shanghai Tower Construction & Development in developing property management and building operations strategies for the project.

Upon completion of construction, CBRE will assume property management consultancy responsibilities in relation to the tower.

“Shanghai Tower is not only designed to international standards, but it also strives to adopt a best-in-class approach to operational management.  CBRE’s property management services, supported by international best practices and wide ranging industry expertise, will enable Shanghai Tower to achieve the highest level of property management.  We hope that both parties will collaborate closely to jointly pursue ‘the highest, noblest and most exquisite’ development objectives associated with Shanghai Tower,” said Kong Qing Wei, Chairman of Shanghai Tower.

Designed by Gensler, Shanghai Tower will feature high-quality office space, a luxury hotel, a world-class retail complex, an observation deck, and other entertainment and cultural venues.  The tower will also be one of the most advanced super-tall skyscrapers in the world in terms of sustainability, designed to achieve both LEED Gold certification and the China Green Building Three Star rating.  The tower will anchor Shanghai’s Lujiazui district, which is rapidly emerging as one of the leading financial centers in East Asia.