Colliers International | March 2016 | The New Bund 3

ROAD
WENSHUI

D
OA

Shanghai
GR

Railway Station
RIN
DLE

Lujiazui
MID

A
2
0
People’s
Square

INNE
R RIN
AD
N RO
N’A
YA
ST D
Hongqiao WE ROA
Transportation G
Hub Xujiahui RIN
ER
INN

QIANTAN
Shanghai South
Railway Station

A 20

6 The New Bund | March 2016 | Colliers International

 INN
ER

32 min
RIN

24 min
Lujiazui
GR

MI
OA

DD
D

LE
RI
NG
RO
AD
9.5 km
11 Metro Stops

75 min
40 min
22 min People`s
19 min Square
ROAD
GD ONG
LON
31.7 km

20 Metro Stops
8.9 km
9 Metro Stops

41 min
Pudong
75 min International
Huamu 40 min
40 min
Airport
NG R
OAD D
A ROA
AXI
DL E HU
MID
13.6 km
31.7 km
15 Metro Stops

20 Metro Stops

Pudong Hongqiao
International 15km 41 min Transportation
Airport 25 min 40 min Hub
D 26 min
ROA
RING
DLE
MID

13.6 km
11.0 km 15 Metro Stops
12 Metro Stops

Shanghai
25 min Railway
26 min Station
26 min
16 min

11.0 km
A 12 Metro Stops
2
4.9 km
8 Metro Stops
Shanghai South
26 min Railway
16 min Station

4.9 km
8 Metro Stops
Colliers International | March 2016 | The New Bund 7
 YAOL
ONG R
OAD
CREEK
YANG
CHUAN

JIYA
NG R
OAD
a

b
c

d
b
e

c a

c
e
d

AD
RING RO
MIDDLE

Commercial 57% Residential 24% Others 19%

Office 43% Retail 14% 877,000 sq m 695,000 sq m
1,540,000 sq m 485,000 sq m
HU
AN
GP
U
RI
VE
R
Figure 3: Timeline of Qiantan

The following timeline is based on the Lujiazui Group’s master plan

2011 Oriental Sports Center metro station opens

2012
Qiantan officially established

TISHMAN

2013
SPEYER Tishman Speyer announces
joint venture with Lujiazui Group

Wellington College opens 2014

2015
SWIRE PROPERTIES Swire Properties and Hong kong Land
HONGKONG LAND
announce joint ventures with Lujiazui Group

2017
First office building (Corporate Office Area)
scheduled to complete

First retail component (Tishman Speyer’s

2017 Crystal Plaza) scheduled to complete

2018
Sixty percent of residential
properties to complete

2019 Swire’s New Bund Centre to complete

Hongkong Land’s Asia Pacific Centre to complete

2020

Colliers International | March 2016 | The New Bund 9

 2. Office

Colliers International | March 2016 | The New Bund 11

 YAOL
ONG
ROA
D

CREEK
YANG
CHUAN
JIYA
NG R
OAD

RING ROAD
MIDDLE

12 The New Bund | March 2016 | Colliers International

 2. Office

500 25%

450

400 20%

350
000' sqm

300 15%

250

200 10%

150

100 5%

50

0 0%

2008 2009 2010 2011 2012 2013 2014 2015 2016F 2017F 2018F 2019F 2020F

New Supply Vacancy Rate

Source: Colliers International Research, Shanghai, 2015

Colliers International | March 2016 | The New Bund 13

 2010 2011 2012 2013 2014
Number of Financial Institutions by Year-End 592 630 662 698 728

Number of Newly Established Financial Institutions by Year-End 39 38 32 36 30

Value of Finance Sector in Lujiazui (RMB Billion) 68.8 84.5 89.6 104.5 128.8

Value of Finance Sector in Pudong (RMB Billion) 82.6 99.2 106.9 125.4 150.3

Value of Tertiary Industry in Pudong (RMB Billion) 263.9 314.4 357.6 415.5 476.1

Proportion of Finance Sector of Lujiazui in Pudong 83.3% 85.2% 83.8% 83.4% 85.7%

Proportion of Finance Sector in Tertiary Industry in Pudong 31.3% 31.5% 29.9% 30.2% 31.6%

14 The New Bund | March 2016 | Colliers International

 RMB psm per day

5
6
7
8
9
10
11
12
Q 1 08
Q2 08
Q3 08
Q4 08
Q 1 09
Q2 09
Q3 09
Q4 09
Q 1 10
Q2 1 0

Source: Colliers International Research, Shanghai, 2016

Q3 1 0
Q4 1 0
Q1 1 1
Q2 1 1

Puxi Rent
Q3 1 1
Q4 1 1
Q 1 12
Q2 12
Q3 12

Pudong Rent
Q4 12
Q 1 13
Q2 13
Q3 13
Q4 13
Q1 14
Q2 1 4
Q3 1 4
Q4 1 4
Q 1 15
Q2 15
Q3 15
Q4 15

Colliers International | March 2016 | The New Bund 15

 250 20%

200 15%

150 10%

100 5%

50 0%

0 -5%
2010 2011 2012 2013 2014 2015

Vacant Office GFA in LJZ Vacant Office GFA in ZY

Vacancy Rate in LJZ Vacancy Rate in ZY

Source: Colliers International Shanghai Research, 2016

16 The New Bund | March 2016 | Colliers International

 2. Office

Colliers International | March 2016 | The New Bund 17

18 The New Bund | March 2016 | Colliers International
 2. Office

Colliers International | March 2016 | The New Bund 19

sq m

350,000

300,000

250,000

200,000

150,000

100,000

50,000

0
2016F 2017F 2018F 2019F 2020F

Pudong Shopping Centre Qiantan Shopping Centre Qiantan Other Retail

Source: Colliers International Shanghai Research, 2016

Colliers International | March 2016 | The New Bund 21

22 The New Bund | March 2016 | Colliers International
Pudong Shanghai

RMB
60,000

50,000

40,000

30,000

20,000

10,000

0
2010 2011 2012 2013 2014

Consumption Expenditure Disposable Income

Source: Pudong Statistics Bureau, Shanghai Statistics Bureau,

Colliers International Research, Shanghai, 2015

Colliers International | March 2016 | The New Bund 23

24 The New Bund | March 2016 | Colliers International
Nearest Gap 12.8 km
10 stops away (Kerry Parkside)
30 min
er
nt
Ce
ts
or ad ad
Sp Ro Ro
tal ua u
ien oh am
7
8

m
Hu
ne

Or Ya
ne

0
Li

18
Li

Nearest H&M 12.8 km

10 stops away (Kerry Parkside)
30 min
er
nt
s Ce
t
or ad ad
Sp Ro Ro
tal ua u
ien oh am
7
8

Hu
ne

Or Ya
ne

0
Li

18
Li

Nearest Zara 16.5 km

13 stops (Super Brand Mall)
50 min
er
nt
Ce
rts ue
po en
la S Av i
y
t ur zu
ien nt
2

jia
6

m
ne

Or Ce Lu
ne

0
61
Li
Li

Nearest Muji 5.8 km

4 stops (The River Mall)
30 min
er
nt
Ce eu
m
rts us
po t M
la S Ar
t
m

a
ien
8

in
00

Or Ch
ne

1,2
Li

Colliers International | March 2016 | The New Bund 25

 Swire Properties
Project Name Date of Opening Estimated GFA (sq m) Location
Taikoo Li Sanlitun 2008 136,000 Beijing

Indigo 2011 176,000 Beijing

Taikoo Hui 2011 357,000 Guangzhou

Sino-Ocean Taikoo Li 2014 266,000 Chengdu

HKRI Taikoo Hui 2016 (first phase) 321,000 Shanghai

Tishman Speyer

The Springs 2014 900,230 Shanghai

The Atrium 2012 123,170 Chengdu

Hongkong Land

WE City 2014 1,300,000 Chengdu

Landmark Riverside 2012 1,500,000 Chongqing

WF Central 2016 (first phase) 150,000 Beijing

 10,000-3
0,000
150,000
-200,000
Above 3
00,000
40,000-6
0,000
200,000
-300,000
Depend
s on the
pro ject

Colliers International | March 2016 | The New Bund 27

28 The New Bund | March 2016 | Colliers International
Colliers International | March 2016 | The New Bund 29
 YAOL
ONG
ROA
D
RIVER
N YANG
CHUA

JIYA
NG R
OAD
ORIENTAL SPORT
CENTER STATION

AD
RING RO
MIDDLE

Land Sites Transaction Developer Land Area Land Price Units Residential GFA Restrictions on
HU

Date (sq m) (RMB psm) (sq m) sale of properties

AN
GP
U

A 2014-12-24 Gree Real Estate 12,258 65,832 136 24,516 /

RI
VE
R

B 2014-12-24 Sanxiang Corporation 13,965 66,629 155 27,930 /

C 2014-12-24 Gree Real Estate 11,695 53,905 179 26,899 /

D 2014-12-24 Lujiazui Group 11,746 31,858 199 35,238 Lease only

E 2014-12-24 Lujiazui Group 13,372 66,010 226 40,116 /

F 2015-02-16 Lujiazui Group 9,456 29,422 394 23,640 Lease only

Colliers International | March 2016 | The New Bund 33

2019F 2020F 2021F 2022F