On 3 February 2021, Shui On Land completed the acquisition of Nanjing IFC through a joint venture set up with Grosvenor Asia Pacific Limited. The project consists of a 45-storey Grade-A office tower, a seven-storey retail podium and 181 underground parking lots.

Over the last decade, Nanjing has demonstrated strong growth, underpinned by a diversified industrial base, excellent universities, a highly skilled labour force and structural integration with the wider Yangtze River Delta region. As one of the city's key financial centers, Xinjiekou has always been known as “China’s First Commercial District (中華第一商圈)” and is a popular retail and social destination. Nanjing IFC, located in the southwest corner of Xinjiekou, is a landmark complex project in the core business district of Nanjing.

The office building of Nanjing IFC is home to many Fortune 500 and well-known domestic and foreign companies, including MetLife, AIA, KFC, MSD, Boehringer Ingelheim, Pramerica Fosun and China Merchants Property. Together with Grosvenor Asia Pacific, we plan to further enhance the value of the property by upgrading the office tower and repositioning the retail podium in order to benefit more broadly from Nanjing’s strong consumption and retail demand.