No. 1 Xizhimenwai Avenue, Xicheng District, Beijing
CRCT completed its first acquisition, Xizhimen Mall, on 5 February 2008. Xizhimen Mall is a one-stop shopping, dining and entertainment destination comprising seven-storeys of multi-tenanted retail outlets, with a basement level and six storeys above ground.
Located at Xizhimen, in Xicheng district, Xizhimen Mall is part of Xihuan Plaza, an iconic integrated mixed-use development which includes three office towers and a commercial block. It is situated at one of Beijing’s two key inter-modal multi-level public transportation hubs (the other being Dongzhimen), with a confluence of MRT and LRT lines, national railway(s) and major bus routes.
Xizhimen transportation hub is served by the existing MRT Line 2, LRT Line 13, the Beijing North
National Railway Station and the upcoming MRT Line 4. A new bus interchange will also be built across from the mall. The mall is thus well-supported by a large shopper catchment encompassing the high flow of daily commuters passing through the Xizhimen transportation hub, residents, students and working population from the nearby Beijing Finance Street (the city’s financial district) as well as universities and high-technology zones of Zhongguancun District. It is estimated that the daily commuter traffic flowing through Xizhimen transportation hub is approximately 300,000 persons on weekdays and 600,000 persons on weekends. The accessibility of public transport provides an opportunity to capitalise on large traffic volumes, offering the mall sustainable competitive advantage of strong footfall in the long term.
