Skip Ribbon Commands
Skip to main content

News Release

TIANJIN

World Financial Center Sets New Standards In Tianjin’s Commercial Property Market

Jones Lang LaSalle appointed as Property Partner for Landmark Building by Financial Street Holding


Jones Lang LaSalle (NYSE JLL) announced today that it has been appointed by Financial Street Holding Company Limited (SZSE: 000402), to be its joint sales and leasing agent for the Tianjin World Financial Center (Jin Tower). In Tianjin, The World Financial Center signifies a maturing of the real estate market, and the premium building standards is the first of its kind in Tianjin according to the Tianjin Municipal Government.
 
Developed by Financial Street Holding Co., Ltd. The Tianjin World Financial Center stands 336.9 meters tall and is located in the heart of the city.  The landmark constitutes a key element of a world-class building complex and includes key features such as a six-star St. Regis Hotel, international standard luxury residences and serviced apartments.  Jin Tower, a skyscraper 75 stories tall and four levels below ground, is an international Grade A office building with a total construction area of 205,000 square meters and floor space of 3,160 square meters.  The whole complex including hotel and apartments is over 600,000 sqm.   
 
“We are delighted by the World Financial Center (Jin Tower) appointment, as it further reinforces our partnership with Financial Street Holding Company and leadership in the Tier II commercial property market” said Michael Hart, Managing Director of Jones Lang LaSalle Tianjin.  “Since our company established here in 2006, we have seen momentous changes to the local real estate market, and as economies recover in 2010, we expect Tianjin to be one of the most buoyant tier II cities in China”
 
“We chose Jones Lang LaSalle because of their solid track record in China and depth of industry knowledge and experience,” Tao Sheng, Director of Sales and Marketing, Financial Street Holding (Tianjin) Co., Ltd.  “Tianjin World Financial Center is of the city’s key projects in the service industry, and together with our strategic partnership, we are confident that we can raise Tianjin’s commercial real estate profile in both local and global markets.”
 
On January 14, 2010, Tianjin World Financial Center (Jin Tower) completed its roof structure and held a ‘topping out’ ceremony.  Once the entire project is finalized in 2011, the Jin Tower skyscraper will be a milestone for Tianjin on many levels, including the world’s tallest steel-only walled building, the first office building in Tianjin to be equipped with double decker elevators, and the first high-rise in the city to have its glass facade and main structure installed at the same time. In addition, the 308-metre “Sight Seeing Hall,” located inside Jin Tower, is currently the highest in Tianjin and will allow visitors to see panoramic scenes of city.  The project is also the first key office tower to be located along Tianjin’s Hai River running through the heart of the city.
Upon completion, the Tianjin World Financial Center will not only have a huge impact on Tianjin’s real estate landscape, but also to the city’s service industry and financial property markets too.  

About Financial Street Holding Co. Ltd

Beijing Financial Street is renowned internationally as the financial hub of China.  Financial Street Holding Company Limited owns more than 10 wholly-owned or holding subsidiaries. Pursuing the idea of creating value, the Company has invested in many projects in Beijing, Chongqing, Tianjin, Nanchang and Huizhou, involving office building, hotels, apartments and retail properties.  Renowned for its strong financial integrity, expertise and experience, the company is a leader in commercial property developments in China.