SHANGHAI-Tishman Speyer, along with joint venture partner Shanghai Lujiazui Group, has unveiled plans for a mixed-use development in Shanghai totaling more than 3 million square feet. Located in the New Bund, south of the Shanghai Expo site, the development is the latest in a series of signature projects by Tishman Speyer, featuring class A offices, upscale retail offerings and waterfront residential apartments.

The New Bund, an up-and-coming business center in Pudong, is an ever-expanding asset to the Shanghai business market and has been designated as one of the priority projects in the Shanghai municipality's 12th Five Year Plan (2011-2015). Situated just south of the Shanghai Expo site along the Huangpu River, bordered by the middle ring road and conveniently located next to a Shanghai Metro hub station of three subway lines, the New Bund is only 15 minutes from the core of Shanghai.

“We are very excited about initiating this project in a joint venture with Shanghai Lujiazui Group, a premier organization already so well regarded for its world-renowned developments in Pudong, Shanghai,” said Tishman Speyer Co-CEOs Jerry and Rob Speyer, in a statement. “It was important to identify a location where we could make a significant impact on urban development by delivering high grade residential, business and retail amenities. The New Bund offers tremendous accessibility to mass transit and great potential for long-term success. Working together with Shanghai Lujiazui Group, we are confident that this project will contribute to improvement of the local community as well as the sustainable development of Shanghai as a whole.”