“In Shanghai, annual rents at our IAPM shopping mall vary between €1,850/ sq.m GLA and €2,780 / sq.m GLA, said Nicole Wu, Leasing Operations Manager at Wanda Commercial Management. Daily traffic averages65,000 people during week days and 160,000 visitors on a weekend.” The mall opened in early 2014 over 130,000 sq.m GLA and offers more than 200 stores, including Apple, Givenchy, Maje and Valentino. Whereas most malls close at 10 pm in Shanghai, IAPM provides late shopping until 11...
IAPM rents soar.
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