Shanghai Tower, which will be China?s tallest building when it is completed in 2015, will reach its highest point of its main structure Friday, adding to the country?s construction boom even as the economy slows.
The 632-meter (2,074-foot) Shanghai Tower is scheduled to have the last beam placed on its main structure Friday, or a topping out ceremony. The building in the city?s Pudong business hub is also set to be the world?s highest building after the 828-meter Burj Khalifa in Dubai, according to the Chicago-based Council on Tall Buildings and Urban Habitat. The 125-story Shanghai Tower, which broke ground in November 2008, will include offices, a luxury hotel and retail space, according to the developer, Shanghai Tower Construction & Development Co.
?We could have built taller technically, but we didn?t aim for physical height when we planned the building,? Gu Jianping, president of Shanghai Tower Construction & Development, said at a press conference in Shanghai yesterday. The new tower integrates with two nearby skyscrapers: Jin Mao Tower and Shanghai World Financial Center, he said. At 492 meters, Shanghai World Financial Center, also in Pudong, is currently China?s tallest building.
Competition to build the country?s skyline higher is continuing even as China?s economy slowed for a second quarter and Premier Li Keqiang reins in a credit boom. China completed 22 buildings higher than 200 meters last year, accounting for 33% of the global number, more than any other country, according to the council on tall buildings.
Vacancy Rate
Shanghai Tower will include a five-star hotel with the lobby on the 101th floor, at 470 meters, through a venture with Shanghai Jin Jiang International Hotels Group Co.
The vacancy rate for prime offices in Shanghai rose to 6.2% in the second quarter, compared with 4.3% at the same time last year, the eighth lowest among 29 cities tracked by Cushman & Wakefield Inc. in the Asia-Pacific region. Office rents fell 4.5% from a year ago to US$6.82 per square foot a month, it said.
About 2 million square meters of prime office space will be added to the Shanghai 2015 if projects are completed on schedule, according to CBRE Group Inc.
?Huge supply could intensify competition on the landlord?s side and hence place pressure on office leasing and rents,? said Sam Xie, a Shanghai-based analyst at CBRE, wrote in an e-mailed response to queries.
Shanghai Tower will start marketing to attract tenants around the world after today?s event, according to Gu.
The 660-meter Ping An Finance Center in the southern city of Shenzhen will be China?s tallest building when it is completed in 2016, according to the skyscraper centre database of the council on tall buildings.
www.bloomberg.com
ray allen Zara Calgary flooding Kate Upton Topless summer solstice tahiti tahiti
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.