Taikoo Li to debut in Xian

Staff reporter

Swire Properties (1972) has commenced construction of its fourth Taikoo Li project at Xian in Central China, with an estimated investment of 10 billion yuan (HK$10.7 billion).

The project lies next to the Small Wild Goose Pagoda built during the Tang Dynasty and will be the Hong Kong developer's largest Taikoo Li project in China, with an estimated gross floor area of 256,192 square meters.

Taikoo Li Xi'an will comprise a shopping mall, cultural facilities and a luxury House Collective hotel.

A spokesperson for Xi'an Qujiang New District, Swire's government partner, said the project will bring an exciting transformation to the historical and cultural zone.

Swire Properties chief executive Tim Blackburn said Taikoo Li Xi'an is a significant project for the firm, which aims to create a vibrant, world-class cultural and commercial destination in Xi'an.