Lululemon will be moving its China store support centre into Westbund Central in Shanghai, Hongkong Land’s 1.7 million sqm premium mixed-use site, including 650,000 sqm of Grade A office space, along the Huangpu riverbank.
The centre is the corporate headquarters of the performance apparel company’s operations in Mainland China.
The move will see Lululemon occupy an entire office block of 8,993 sqm across five floors from Oct 27.
According to Stuart Grant, executive director and chief executive of Westbund Central, Lululemon’s new China store support centre will provide its staff with “access to a premium interconnected workspace in the heart of Westbund Central.”
Moving into the premises is a “meaningful step forward” for Lululemon in China, adds San Yan Ng, managing director, Lululemon China.
As at 10.18am, shares in Hongkong Land are trading 3 US cents higher or 0.47% up at US$6.40.
