Social Mixer 2024 Singapore
marketing interactive Content360 Singapore 2024 Content360 Singapore 2024
marketing interactive

WPP signs landmark lease for Shanghai campus

share on

WPP has signed an agreement with Nan Fung Group and B.M. Group to lease 20 floors and 41,000 sqm at 399 Heng Feng Road, Shanghai, representing one of the largest office leasing deals ever signed within the city’s central business district areas.The new building will house the WPP Shanghai Campus, one of the most ambitious co-location efforts ever undertaken by WPP.The WPP Shanghai Campus will bring together 26 WPP companies and more than 3,000 people, currently spread across 10 locations.Blue Hive, GroupM, Hill+Knowllton Strategies, Millward Brown, J. Walter Thompson, Ogilvy & Mather, Sudler & Hennessey and TNS are among the companies to be relocated.“China is now WPP’s third largest market, and our commitment to China is deeper than ever,” Sir Martin Sorrell, WPP CEO, said."We are proud to support the development of the city of Shanghai and provide our people with the best facilities."WPP companies in China have revenue of US$1.5 billion and employ 15,000 people.“One of WPP’s key objectives is horizontality – promoting cooperation across our group companies to improve outcomes for our clients -- and bringing our people in Shanghai into this location is an important step towards this goal,” he added.399 Heng Feng Road is part of a massive 3-stage redevelopment project in the Zhabei District, slated to include a 110,000 sqm shopping mall, 6 office towers, two luxury boutique hotels, and luxury residential sections and estimated for completion in 2017.Move-in is expected to commence at the end of 2015.

share on

Follow us on our Telegram channel for the latest updates in the marketing and advertising scene.
Follow

Free newsletter

Get the daily lowdown on Asia's top marketing stories.

We break down the big and messy topics of the day so you're updated on the most important developments in Asia's marketing development – for free.

subscribe now open in new window