China’s tallest building and the area around it will take the spotlight in Shanghai later this week as work on the structure reaches a key milestone.
The topping-out ceremony for Shanghai Tower will be held on Aug. 3 and preceded by press briefings and media tours. The 127-floor structure – also the world’s second tallest — stands in the heart of the city’s Lujiazui financial district, home of the Shanghai Stock Exchange and numerous global financial institutions with operations in the city including HSBC.
The area is dotted with structures developed or controlled by the world’s wealthiest Chinese, including the Shanghai IFC ( SHK Properities – Hong Kong’s Kwok family), Aurora Plaza (Aurora Group – Taiwan billionaire Chen Yung-Tai) and the Super Brand Mall (Chareon Pokphand Group – Thailand’s Dhanin Chearavont).
Set in an eastern side of Shanghai that was a backwater until China’s economic reforms started to kick in the city in the 1990s, Shanghai Tower was designed by U.S. architecture firm Gensler. Gensler’s other recent projects include Facebook FB +4.18%’s global headquarters.
Government-led developer, Shanghai Tower Construction & Development, is owned by Shanghai Chengtou Holding, Shanghai Lujiazui Finance & Trade Zone Development and Shanghai Construction Group.
The new tower, sure to boast spectacular views of Shanghai and the Huangpu River, connects by underpass to Jinmao Tower and the Shanghai World Trade Center, two other high structures that stand high above Lujiazui.