Operation status of Wuqing project
Benchmark Development and Management’s family affiliate company is the founding partner of Florentia Village Luxury Outlets Mall, a joint venture with major US investment fund, Italian and Hong Kong Investors. The first Florentia Village has developed a 60,000 sqm, high-end, luxury outlets mall, located between Beijing and Tianjin in China. Opened on June 9th, 2011, this premium outlets centre has over 300 retail stores including top the line luxury brands such as PRADA, FENDI, GUCCI, VERSACE, BURBERRY etc. Florentia Village Jing-Jin Luxury Outlets Mall is characterized by Italian adjacent to the Wuqing train station of the Jing-Jin Intercity high-speed railway. In 2019, the annual sales of Florentia Village Jing-Jin Outlets reached RMB 4 billion, equivalent to USD590 million. Shanghai, Guangzhou, Hong Kong, Wuhan and Chengdu Florentia Village were opened on January 22nd, 2015, September 24th 2015, February 18th, 2017, July 5th, 2017, and December 13th 2017 respectively. Florentia Village Outlets plans to expand to other major cities of China and Southeast Asia. Chongqing is under construction and opening in year 2021.The annual revenue is estimated to reach RMB 13 billion.
The V1 Auto World project, is jointly invested and developed by Waitex Group family affiliate company and Sino-Ocean Group, it occupies over 650,000 sqm of building space with total land area of approximately 600,000 sqm. V1 International Circuit is an FIA certified G2 Grade race track. At 4.2km long, the length of the longest straight is 800m, able to hold races that require a longer track length for non-FIA sanctioned races. There are multiple large-scale brand experience centres, one of the largest O2O second hand luxury auto trade service centre, an exclusive car collectors club, auto performance tuning and modification, treatment and repair services workshops, automobile culture museum and exhibition, large motor show venue, road safety driving training centre, professional karting track, auto theme park and development centre. From electric cars to self driving cars to car sharing, China is on the cusp of a revolution in the automobile industry, and V1 Auto World will be in the forefront of this revolution.
Waitex Group’s family affiliate company, is a founding partner in a joint venture with Hong Kong’s largest private enterprise Nanfung Group, has invested in and developed Creativo Designer Lifestyle Experience Mall. The project is located in Tianjin, Wuqing. The project has a total area of 180,000 sqm, with a building area of 50,000 sqm in the first phase, and was opened in the third quarter of 2016. Creativo will be a true lifestyle destination for shopping, entertainment, dining and leisure.
In 2017, Creativo was awarded Prix Versailles in Paris for excellence in mall architectural design. The award is promoted by UNESCO and the International Union of Architects (Europe and Central Asia section).
The Prix Versailles is an annual award dedicated to commercial architecture which was inaugurated in 2015. Discerned at the headquarters of the United Nations Educational, Scientific and Cultural Organization (UNESCO）in Paris, it encompasses several categories, with the winners being selected by an independent judges panel. It is the world architecture award for stores, hotels and restaurants.