Hang Lung Properties Ltd. has announced the successful acquisition of the No. 1038 West Nanjing Road Commercial Project in Shanghai through a partnership with Shanghai Join Buy Group Co., Ltd. The redevelopment project, operating under a 20-year lease, will add approximately 96,000 square meters to Hang Lung's portfolio on West Nanjing Road, increasing its total gross floor area in the area by about 44% to roughly 312,335 square meters. This milestone aligns with Hang Lung's V.3 strategy, focusing on capital-efficient reinvestment and asset optimization to reinforce its leadership in core cities and support Shanghai's status as a premier international consumption destination. The project aims to foster a vibrant local community, enhance cultural offerings, and drive sustainable revenue growth.