Acquired in 2020 via our joint venture with Shui On Land, Nanjing IFC is a Grade A office and retail property in Nanjing, one of the anchor cities in the Yangtze River Delta region. In 2021, we were midway through a transformational renovation of Nanjing IFC, undertaking a significant capital expenditure programme to upgrade and reposition the retail and office spaces with an emphasis on creativity and quality. 

With sustainability at the heart of our business, we are also exploring ways to reduce operational carbon emissions in the property, with LEED Gold and WELL certifications obtained. We expect the asset to re-emerge in 2022 as a brand- new destination in Nanjing.