Hang Lung Properties has started work on the Westlake 66 project in Hangzhou, the capital of Zhejiang Province, China. Located in the Xiacheng District, the development has a site area of approximately 44,800 sq m and a gross floor area of around 194,100 sq m. It will feature a high-end commercial complex comprising a world-class shopping mall (with a rooftop garden), five Grade A office towers and a luxury hotel.
“As one of the new first-tier cities, Hangzhou is one of China’s wealthiest cities with rapid economic growth. Being a leading technology and commercial hub as well as an important tourism centre, the city has a big demand for high-end commercial developments,” said Ronnie C. Chan, chairman of Hang Lung Properties.
“With Hangzhou’s vibrant economy and consumer market, plus Hang Lung’s rich business experience in nearby Shanghai and other Mainland cities, we are confident that Westlake 66 will become a top commercial complex and landmark in eastern China.”
Hang Lung acquired the site in May 2018. Investment for the project is estimated to reach approximately RMB 19 billion. It is planned for completion in phases from 2024.