HKRI Taikoo Hui has been named Commercial Property Project of the Year at the RICS China Awards 2026, recognizing its work in commercial operations, space upgrades, brand development and links with Shanghai’s urban culture.
The award is the second for the mixed-use development, which also won the category in 2020.
The RICS China Awards, organized by the Royal Institution of Chartered Surveyors (RICS), recognize outstanding projects and professional practices across the built and natural environment sectors.
Located in Shanghai’s Nanjing Road W. commercial district, HKRI Taikoo Hui combines a shopping mall, office towers, a hotel, serviced apartments and heritage buildings. Since opening in 2017, it has upgraded public spaces and refreshed its retail offering.
In early 2025, the development completed an upgrade of its north plaza, improving pedestrian links between the complex and nearby Metro stations. Later that year, it renovated public spaces along Shimen Rd No.1 and Weihai Road, consolidating pedestrian areas and upgrading landscaping and seating.
The retail mix has also expanded. In recent years, HKRI Taikoo Hui has added more than 20 China debut stores and over 30 global flagship and concept stores, including The Louis, Rolex and Montblanc boutiques, the Balenciaga Shanghai flagship, ZEGNA CAFFÈ and The VERS immersive experience center.
Its LG1 beauty avenue has nearly 30 domestic and international brands.
The Louis has also drawn overseas shoppers and tourists. In the year after its opening, consumer spending in the surrounding area rose 61% year on year, while visitors from 106 countries made purchases at the site and claimed tax refunds before departure.
On sustainability, the development has secured LEED, WELL and RESET Air certifications and received a five-star GRESB rating and Global Sector Leader recognition in 2025.
Energy-efficiency upgrades helped save 1.6 million kWh of electricity and 160,000 cubic meters of natural gas in 2025. By the end of the year, the project had invested nearly 20 million yuan ($2.8 million) in energy-efficiency measures, reducing annual electricity use by 3.6 million kWh and natural gas consumption by 800,000 cubic meters compared with pre-upgrade levels.
The development also worked with 47 retailers and tenants across its mall, hotel and office buildings to collect about 20 tonnes of used coffee grounds, which were repurposed into eco-friendly brick walls.
