Xi'an, Shaanxi, China
Gross Leasable Area
Wangfujing Department Store
An exciting assortment of up to 300 international and local brands, restaurants, a cinema and entertainment facilities
Beijing Wangfujing Department Store (Group) Co., Ltd.
The first of Taubman Asia's projects in China is the result of a joint venture partnership with the renowned Wangfujing Department Store. The joint venture will own a controlling interest in, and manage, an exciting new shopping destination in Xi'an: CityOn.
Beijing Wangfujing Department Store (Group) Co., Ltd is the largest retail group specializing in department stores in Mainland China. The group currently operates 48 stores across two major brands throughout the country. The partnership with Wangfujing provides Taubman Asia with access to intimate market and consumer knowledge and allows the company to leverage its proven track record and expertise in retailing across China.
CityOn.Xi'an is a multi-level shopping center, anchored by Wangfujing, and located in the heart of the city's new CBD and administrative center. Part of a mixed-use development, containing residential apartments, two international hotels and office towers, it is strategically located alongside approximately 7,000 corporations, including more than 30 Fortune 500 companies and nearly 100 government institutions, delivering an impressive instant primary trade area.
Home to the famed Terracotta Warriors, one of the most important cultural destinations in China, Xi'an attracts 80 million visitors per year and has more than 8 million residents. These residents have the highest disposable income among citites in the western region, contributing to Xi'an's vibrant and profitable retail scene - soon to be further enhanced by Taubman Asia's new-to-market, quality retail offering.
Population in Trade Area