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Hongqiao Transportation Hub is a rapidly developing 27 sq km commercial district in western Shanghai, centred around the Hongqiao airport and high speed rail station.
Hongqiao Transportation Hub in western Shanghai is the world's largest multi-modal transportation hub connecting the city's second international airport, its high-speed and conventional inter-city rail services, city metro system and public ground transportation, linked to the arterial road network and expressways serving the Yangtze River delta region. With a catchment of 120million people, it handles some 700,000 passengers per day.
In 2007 the Shanghai government sought to create an integrated commercial, residential and economic district extending over 86 sq km around the hub, with a 'Major Function Area' of 27 sq km incorporating a core centre of 4.7 sq km, focused on service industries in an environmentally sustainable development.
JLL's consulting team was engaged to advise on the real estate opportunities of the hub buildings, the land use, development mix and positioning for the surrounding Major Function Area. This included advice on development phasing and uses, recommendations on the property mix, parcel size and target developers as well as assessing land values, property sale prices and financial viability.
Since the first land releases in 2010 all the land parcels in the core centre have been sold with more than 4 million sq m of commercial and mixed-use projects under development, together with the world's largest conference and exhibition complex with 1.47 million sq m of floor space. JLL is providing advisory and marketing services in relation to several of the core projects.