UK-based mall developer Value Retail is to open a new shopping centre in Shanghai early next year, and will also study increasing retail villages to tap demand from Chinese luxury goods shoppers.
"We’re seeking to build a number of outlets at locations that are close to tourist attractions as well as with easy access for urban residents," Mark Israel, CEO of Value Retail China, said in an interview with Shanghai Daily on Thursday. But he did not reveal the potential Chinese cities for future expansion.
The new 50,000-square-metre Shanghai centre will be located in the Shanghai International Tourism and Resorts Zone in the Pudong New Area, next to the Shanghai Disney Resort.
(Source: Shanghai Daily)