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CapitaLand wins international retail award for Raffles City Hangzhou

timothy.tay@edgeprop.sg

CapitaLand’s Raffles City Hangzhou is the World Gold Winner in the Retail category at the 2019 FIABCI World Prix d’Excellence Awards. The ceremony was held in Moscow on May 30.

This is the third time the property giant has come out on top in this category, previously clinching the prize in 2013 for ION Orchard Singapore, and again in 2015 for Raffles City Chengdu. According to the developer, the annual awards are considered “one of the most reliable indicators of a development’s worth and its impact on the future of commercial real estate”.


Designed by world-renowned architect Ben van Berkel of UNStudio, Raffles City Hangzhou features two gently-rotating towers inspired by the ebb and flow of the iconic Qiantang River nearby (Pictures: CapitaLand)

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“This is the second Raffles City development in China after Raffles City Chengdu to clinch the prestigious award, underscoring the high and consistent quality of our signature Raffles City portfolio,” says Lucas Loh, president and CEO of CapitaLand Group, China.

Raffles City Hangzhou is in Qianjian New Town and is the city’s municipal commercial and leisure centre. The 3.23 million sq ft, mixed-use development has six components comprising a shopping mall, Grade-A office, luxury residences, SOHO apartments, serviced residences, and a hotel. It is also the largest operational Raffles City development under the company’s portfolio.


Lucas Loh, president & CEO of CapitaLand Group China (second from the right) accepting the “World Gold Winner”’ award in the Retail Category for Raffles City Hangzhou at the FIABCI World Prix d’Excellence Awards


The two-year old development has maintained an average occupancy of 97%. The building features twin 60-storey towers inspired by the nearby Qiantang River, with 360-degree views of the city’s new CBD along the river. More than 10,000 glass panels and 100,000 aluminium panels contribute to the visual effect of the building, which was designed by Ben van Berkel of UNStudio.

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