The New Cityon.Zhengzhou Shopping Center Opened to Capacity Crowds Today in Henan Province
The New CityOn.Zhengzhou Shopping Center Opened to Capacity Crowds Today in Henan Province Developers Taubman Asia and Wangfujing Group bring a modern, exceptional new shopping, dining and entertainment destination to Zhengzhou, China Zhengzhou, China, March 16, 2017 – The new CityOn.Zhengzhou Shopping Center in Zhengzhou, Henan Province, opened today after a ceremonial ribbon cutting featuring Taubman Centers, Inc. (NYSE: TCO) Chairman, President and Chief Executive Officer Robert Taubman, Wangfujing Group Co., Ltd. senior executives, special guests from the community and a large, enthusiastic crowd. Taubman Asia and Wangfujing jointly developed the shopping center to cater to the local community. Anchored by a four-level Wangfujing Department Store, the 94,000 square meter / approximately one million square foot center opened today 100 percent leased and 93 percent occupied. By the end of April 2017, it is expected to be 100 percent occupied with nearly 200 of today’s most in- demand retailers, restaurants and entertainment venues. “We are thrilled to introduce the new CityOn.Zhengzhou Shopping Center, our second project with Wangfujing and third ground-up development in Asia,” said Taubman. “This center will set a new standard for retail experiences for the people of Zhengzhou, while driving significant shareholder value over time.” “We are delighted to again work with Taubman Asia to offer a world-class shopping experience in Zhengzhou,” said Liu Yi, Chairman of Wangfujing Group. “CityOn.Zhengzhou Shopping Center perfectly combines our extensive experience as China’s leading retail brand with Taubman’s 67 year legacy in shopping center development. The center is now one of the most exciting retail destinations in the region and will undoubtedly attract significant investment, economic activity and job opportunities to Zhengdong New District.” A flourishing city in Central China, Zhengzhou is a major finance, business and transportation hub in Central China.
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