Xinmao Building （新茂大厦）

Xinmao Building is located at the junction of Madang Road, Taicang Road, sitting on the Huaihai Road Commercial Street, adjacent to Xintiandi. It is a Grade A office building project with a height of 20 floors, with a total area of 32200 square meters above the ground and 11174 square meters below the ground.

Huaihai Middle Road is located in the center of Shanghai and is one of the busiest commercial streets in the city. Huaihai Road is more of a taste and a style. It is widely recognized in Shanghai as a street that is more modern, fashionable, has a distinctive tone and atmosphere. Modern buildings stand tall, with a collection of fashionable and famous products, keeping up with the latest trends. The warm and elegant shopping environment, numerous famous restaurants and entertainment establishments, and superior hotel services have added a lot of color to the Huaihai Middle Road business district. The century old Huaihai Road, known for its elegance and romance, is a luxurious shopping paradise in the eyes of many. And its enduring vitality lies in its pace of keeping up with the times and its broad mindedness of embracing all rivers since its birth over a hundred years ago in 1900.

Details of Xinmao Building

Rental phone number: Contact information (see the button on the right for PC and below for mobile)

Rental price: 11 yuan~14 yuan/square meter/day

Building Address: 233 Taicang Road, Luwan District, Shanghai

Building area: 33954.21 square meters

Whole floor area: 1740 square meters

Partition area: 170 square meters~1740 square meters

Total floor height: 25 floors above ground and 3 floors underground

Acquisition rate: approximately 63% -68%

Floor net height: 2.7 meters

Parking spaces: approximately 141

Building elevators: 10 passenger elevators, 2 freight elevators

Elevated floor: 150mm

Property fee: 38 yuan/square meter/month

Property Management: Shanghai Shengji Property Management Co., Ltd

Registered companies: McKinsey&Company, Xunda Elevator in Hong Kong, Kades Trading in France, Erosi Consulting in Germany, and Tong’an Group in Shanghai

Surrounding buildings: Enterprise World, Rui’an Plaza, Central Plaza, K11, Hong Kong Plaza, Nippon Paint Plaza, Infinitus Tower, etc

At the same time, there is a high-quality business center for rent in Xinmao Building.

Xinmao Building Traffic

Metro line: 5 minutes’ walk from Huangpi South Road Station of Line 1, 10 minutes’ walk from New * Station of Line 8, 10 minutes’ walk from Xintiandi Station of Line 10, expressways: 5 minutes’ walk from on ramp traffic on Huaihai Middle Road of North South Viaduct, 10 minutes’ walk from on ramp traffic on Xizang Middle Road of Yan’an Viaduct, airport: 44 kilometers’ walk from Pudong International Airport, 18 kilometers’ walk from Hongqiao International Airport, railway station: 5 kilometers’ walk from Shanghai Railway Station, 12 kilometers’ walk from Shanghai South Station, 20 kilometers’ walk from Hongqiao Railway Station, bus lines: 932, 911, 454, 167, 23, 127, 26

Whole floor plan of Xinmao Building

Newly renovated small-sized business center in Xinmao Building:

Rental area of Xinmao Building

Real time changes in rental area, please refer to actual consultation for accuracy

Realistic view of Xinmao Building

History of Xinmao Building:

Xinmao Building is located at the junction of Taicang Road and Madang Road at the core of Xintiandi, sitting on Huaihai Road Commercial Street and adjacent to Xintiandi. It is a 20 storey Grade A office building project with a total area of about 32200 square meters above the ground and 11200 square meters underground. It was completed at the end of 2005 and developed by CapitaLand from Singapore.

In January 2005, due to strategic considerations, Jiade Land sold Xinmao Tower to Australian real estate fund Macquarie MGPA for $98 million. At the time, this transaction was also considered the first overseas real estate fund to acquire mature commercial properties in Shanghai. After the acquisition, Macquarie began packaging the New World Tower and renamed it Platinum Tower.

In December 2006, SEB Immobilien, a real estate fund under the old Nordic financial group SEB, acquired this commercial property from Macquarie for $250 million. At that time, it was a second round takeover, and many industry insiders understood this transaction as a long-term investment made by stable funds with low return requirements abroad. Unexpectedly, three years later, this project continued to be transferred.

At the end of 2009, SEB sold Xinmao Tower to Hong Kong listed companies Capital Strategy and Huaren Real Estate, with a unit price of approximately 55000 yuan/square meter and a total transaction price of nearly 2.4 billion yuan. Subsequently, Huaren Real Estate increased its holdings, and the capital strategy and Huaren Real Estate’s shareholding ratio in Xinmao Tower were 50:50.

In 2015, Xinmao Tower was sold for the fourth time, and ARA Fund had already acquired the entire building. A person familiar with the office market told that the average price of Xinmao Tower was about 80000 yuan/square meter, because of its excellent quality and tenant structure, it was favored by foreign investors. Assuming a total construction area of 80000 yuan/square meter and 43400 square meters, the total transaction price of Xinmao Tower exceeds 3.4 billion yuan.