Swire Properties announced that the company's first retail development, The Village at SanLiTun, to be opened in Beijing, China. The mission is to redevelop Sanlitun into a new destination for shopping, entertainment, and art and cultural activities.

     The Village at SanLiTun, located at the junction of Worker's Stadium North Road and Sanlitun Road in Chaoyang District, comprises two sites with a total site area of over 53,000 sq m. Scheduled for opening in the first half of 2008, the project has a total floor area of over 172,000 sq m spreading over 19 buildings, including a stylish 100-room boutique hotel.

     The spectacular trade mix includes a 1,700-seat, eight-screen Megabox Cinema and a cluster of renowned creative brands. The Village at SanLiTun will also contain more than 30 restaurants and bars.