The Shanghai resort that houses the first Disneyland on the Chinese mainland will add a luxury shopping compound next to the theme park to tap the consumption potential of visitors, the resort’s operator said on Monday.
Shanghai Shendi Group, operator of the Shanghai International Tourism and Resort Zone (SITRZ), on Monday announced a joint venture with retail outlet developer Value Retail to build a luxury shopping compound next to the Shanghai Disney Resort.
Value Retail’s Chairman Scott Malkin said the shopping compound, called Shanghai Village, will be “the most important tourism outlet shopping location in Asia.”
Covering 50,000 square meters, the compound will boast a number of international and Asian brand stores as well as restaurants and cafes and is expected to open in autumn 2015, according to Value Retail.
The developer has previously opened a similar shopping outlet next to the Disneyland in Paris, France, and is set to open its first shopping compound in China in May, in the tourist city of Suzhou in East China’s Jiangsu province.
Read more at China Daily.