CBRE Group Inc. Appointed to Provide Property Management Consultancy Services for 6.8 Million-Square-Foot, LEED Gold Certified Shanghai Tower

CBRE Group Inc. has been selected by Shanghai Tower Construction & Development Co. Ltd. to provide property management consultancy services for the landmark 6.18 million-square-foot mixed-use Shanghai Tower, currently under construction in the Lujiazui district of Shanghai, China.

Shanghai, China—CBRE Group Inc. has been selected by Shanghai Tower Construction & Development Co. Ltd. to provide property management consultancy services for the landmark 6.18 million-square-foot mixed-use Shanghai Tower, currently under construction in the Lujiazui district of Shanghai, China.

Scheduled for completion in 2015, the 2,073-foot skyscraper is set to become one of the most renowned commercial properties in China. Brett White, Chief Executive Officer of CBRE said: “Shanghai Tower will be one of the most prestigious properties we have ever managed, and a symbol of China’s distinguished position in the global economy.”

Until the completion of construction, CBRE will initially serve as consultant to Shanghai Tower Construction & Development in developing property management and building operations strategies for Shanghai Tower.

“CBRE’s property management services, supported by international best practices and wide ranging industry expertise, will enable Shanghai Tower to achieve the highest level of property management,” said Kong Qing Wei, Chairman of Shanghai tower.

Designed by Gensler, the Shanghai Tower will feature Class-A office space, a luxury hotel, a world-class retail complex and various other entertainment and cultural venues. The skyscraper will also feature the world’s highest non-enclosed observation deck on the uppermost floors.  The tower aims to be amongst the most advanced super-tall skyscrapers in the world in terms of sustainability. The tower has been awarded the Certificate of Green Building Design (China’s Three Star Rating) as well as LEED Gold certification from the U.S. Green Building Council.

Gu Jianping, general manager of the Shanghai Tower Construction and Development Co. Ltd., said: “Shanghai Tower was conceived to demonstrate sustainable development practices. We have incorporated green thinking, energy-saving and environmental protection measures at every step along the way, from conception to design to construction.”

The tower will employ an overall 43 green and energy-saving technologies, which are estimated to cut total power consumption of the building by an estimated 54.3 percent. The skyscraper will also recycle around 8.9 million cubic feet of water each year.

The 121-story Shanghai Tower will be the third and final installment of the trio of supertall buildings in the Lujiazui district, standing beside the 88-story Jin Mao Tower and the 101-story World Financial Center.