Shanghai Tower Construction and Development

What Shanghai Tower Construction and Development does

Shanghai Tower Construction and Development Co., Ltd. is the entity that developed, owns, and operates Shanghai Tower — a 632-meter, 127-above-ground-floor supertall building located in the Lujiazui Financial Zone of Pudong, Shanghai. Established on December 5, 2007 as an equity partnership between Shanghai Chengtou Corporation (51%, SASAC-controlled), Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. (45%, Shanghai Stock Exchange-listed), and Shanghai Construction Group (4%), the company carries registered capital of 8.6 billion yuan (US$1.25 billion). Ground was broken November 29, 2008; civil engineering was completed by end of 2014; and trial operations began January 2017, with the Top of Shanghai observatory opening to the public on April 26, 2017. Operations are conducted through four wholly-owned subsidiaries: Shanghai Tower Business Operations Co., Ltd. (leasing, sightseeing, banquets), Shanghai Tower CBRE Property Management Co., Ltd., Shanghai Tower Properties Management Co., Ltd., and Shanghai Tower Hotel Management Co., Ltd. (operating the J Hotel).

The company's core engineering asset is a 578,000 sqm vertical city incorporating the world's first inhabitable double-skin curtain wall on a supertall, a 1,000-ton eddy current pendulum damper (world's heaviest, independently developed in China), three Guinness World Record elevators (fastest at 73.8 km/h, tallest at 578.5 meters, fastest double-deck at 36 km/h), and a 24% wind-load reduction via the twisted form. Forty-three energy-saving technologies reduce carbon emissions by 15,000 tons annually, earning LEED-Gold (USGBC), three-star China Green Building certification, and the 2018 Shanghai Science and Technology Awards grand prize. Approximately 100 invention patents underpin the construction, with the technologies subsequently applied to over 200 high-rise buildings in China.

Revenue is generated across nine streams: Grade A office leasing (200,000 sqm across floors 8F–81F in five vertical zones), the Top of Shanghai Observatory (546m, 118F, 1M+ annual tourists), SKY632 Art Space (583.4m, 125F–126F), the J Hotel luxury accommodation, the Shanghai Tower Mall retail podium (B2–4F), Duoyun Books flagship bookstore at 239m and Shanghai Guanfu Museum on the sky lobby floors (22F, 37F, 52F, 68F), conference and banquet facilities, underground parking (1,800 spaces across B3–B5), and the Shanghai Tower Collection souvenir retail. Customers comprise financial institutions and multinational enterprises as office tenants (JP Morgan, Korean Reinsurance, Invesco Ruihe, Greenlight Global, BNP Paribas), domestic and international tourists as observation deck visitors, and affluent consumers as retail, dining, and cultural venue patrons. Property management is outsourced to CBRE; observation deck tickets are sold through Ctrip, LY.com, Lvmama, Meituan, and Dianping alongside on-site purchases.

Name

Shanghai Tower Construction and Development

Legal name

Shanghai Tower Construction and Development Co. Ltd

Website

https://en.shanghaitower.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Shanghai Tower Construction and Development Co., Ltd. develops, owns, and operates Shanghai Tower — a 632-meter, 127-floor supertall landmark in Shanghai's Lujiazui Financial Zone — generating revenue from Grade A office leasing, the Top of Shanghai observation deck, the J Hotel, retail mall, conference facilities, cultural venues, and parking.

Ownership category

akta.pro rank

Product category

Commercial Real Estate (Mixed-Use Vertical City Operations)

NAICS

Construction of Buildings (236)

SIC

Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Office & Corporate Building Construction (IMAFACAA)

akta.pro secondary industry

Hospitality & Entertainment Venue Construction (IMAFACAC)

Keywords

• Super Grade A office leasing
• Commercial property management
• Luxury hotel operations
• Observation deck tourism
• High-end retail mall

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Others, Marketing or Sales, Technology or R&D

Revenue model

1. Office Space Leasing: International standard super-Grade A office space leasing from floors 8F to 81F across five vertical communities (Zone 2 to Zone 6), with total gross floor area of 200,000 square meters. Tenants can lease by unit, floor, or multiple floors. Targets financial institutions, multinational headquarters, and professional services.
2. Top of Shanghai Observatory: Observation deck on the 118th floor at 546 meters height, featuring 360-degree bird's-eye views of Shanghai. Tickets sold online (Ctrip, LY.com, Lvmama, Meituan, Dianping) and on-site. SKY632 Art Space on 125th-126th floors offers immersive lighting and music experiences. 'Top of Shanghai Exhibition Hall' on floor B1 provides multimedia presentations.
3. J Hotel Luxury Hotel: The J Hotel, operated by Shanghai Tower Hotel Management Co., Ltd., is a luxury hotel within the tower, marketed through its own website (https://www.jhotel-shanghai.com/en/).
4. Shanghai Tower Mall Retail: High-end shopping mall on floor B2 to floor 4 of the tower's podium, featuring brand retail, motor display, restaurants, bank, coffee, and original cultural products. Tenants include Nio, Bank of China, Starbucks, Arrail Dental, Shanghai Guan Fu Museum, Yu Health, Maison Lameloise, and many others.
5. Sky Lobby Commercial Tenants: High-rise sky lobbies on transfer floors (22nd, 37th, 52nd, 68th) host Duoyun Books (flagship bookstore at 239m altitude, 2,200 sqm), Shanghai Guanfu Museum, Half Garden (highest indoor Chinese-style garden), and Michelin high-end dining services.
6. Parking Services: Underground parking on B3-B5 with approximately 1,800 parking spaces, including electric charging poles. B4 and B5 spaces available for monthly rent. B3 has 641 parking spaces (approximately 600 standard, 32 mini, 9 barrier-free).
7. Shanghai Tower Collection Souvenir Retail: Souvenir stores on floor 118 and floor B2 in the sightseeing area. Products include stationery, tourism items, clothing, home appliances, food, and playthings. Available in-store and via WeChat online shop. Custom-made products for groups and companies. Accepts cash, deposit card, credit card, WeChat Payment, and Alipay.
8. Conference and Banquet Services: Conference Center spanning L2/L5 floors, offering event and convention facilities for corporate and private events.
9. Public Avenue Events and Art Programming: The 340-meter long underground Public Avenue with approximately 5,500 square meters of area hosts art exhibitions and cultural events, forming a public art corridor. Connects Shanghai Tower with Jin Mao Tower, Shanghai IFC, metro lines, and future links to Shanghai World Financial Center and 96 Plaza.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

Shanghai Tower Construction and Development Co., Ltd. develops, owns, and operates the 632-meter Shanghai Tower in the Lujiazui Financial Zone of Pudong, Shanghai. The company leases 200,000 square meters of super Grade A office space to financial institutions and multinational corporations across floors 8F-81F, operates the Top of Shanghai Observatory (118th floor) and SKY632 Art Space (125th-126th floors) for tourism, runs the J Hotel luxury hotel, manages the Shanghai Tower Mall retail podium from B2 to L4, hosts conferences and banquets, and provides cultural attractions (Shanghai Guanfu Museum, Duoyun Books flagship bookstore) through wholly-owned subsidiaries including Shanghai Tower Business Operations Co., Ltd. and Shanghai Tower Hotel Management Co., Ltd.

Product overview

Shanghai Tower is a vertical city complex offering a portfolio of interconnected products and services centered around its 632-meter supertall building in Lujiazui, Shanghai. The portfolio includes the Top of Shanghai Observatory (118th floor observation deck) and SKY632 Art Space (125th-126th floors) as flagship tourism experiences; Grade A office facilities spanning floors 8-81 with 200,000 sqm of space; J Hotel luxury accommodation; Shanghai Tower Mall (B2-4th floor retail); Conference Center for events; and Sky Lobbies at multiple floors featuring Duoyun Books bookstore and Shanghai Guanfu Museum cultural attractions. Supporting infrastructure includes Public Avenue underground passage and underground parking. The property is managed through specialized subsidiaries: Shanghai Tower Business Operations handles leasing and sightseeing; CBRE Property Management manages facilities; and Hotel Management operates the J Hotel.

Differentiator

Problem solved

Functional benefit

Products and services

• Top of Shanghai Observatory Observation deck located on the 118th floor at 546 meters height, offering 360-degree panoramic views of Shanghai and accessed via the world's fastest elevator (73.8 km/h) in 55 seconds. Tickets are sold online (Ctrip, LY.com, Lvmama, Meituan, Dianping) and on-site. Target audience: domestic and international tourists.
• SKY632 Art Space World's highest immersive art space located on the 125th and 126th floors at 583.4 meters altitude, combining interactive lighting, multi-sensory audiovisual elements, and the visible 1,000-ton eddy current pendulum damper to create unique experiences for visitors.
• J Hotel Shanghai Luxury hotel operated by Shanghai Tower Hotel Management Co., Ltd. within the Shanghai Tower, marketed through its own dedicated website for premium accommodation targeting business travelers, high-net-worth individuals, and event organizers.
• Grade A Office Facility International standard super-Grade A office space spanning floors 8F to 81F with a total gross floor area of 200,000 square meters across five vertical communities (Zone 2 to Zone 6), featuring a double-layer curtain wall, smart fresh air system, automatic lighting, and 154 elevators. Leased by unit, floor, or multiple floors to financial institutions and multinational corporations.
• Shanghai Tower Mall High-end shopping mall located on floors B2 to 4 of the tower podium, featuring brand retail, motor display spaces, restaurants, a bank, coffee shops, and cultural products. Tenant mix includes Nio, ZEEKR, Bank of China, Starbucks, Starbucks Reserve, Arrail Dental, Yu Health, Maison Lameloise, China Post, M Stand, McDonald's, Songhelou, and Xibei Restaurant. Retail lease hotline: (8621) 2065 6889.
• Shanghai Tower Collection (Souvenir Retail) Souvenir stores located on floor 118 and floor B2 of the sightseeing area offering stationery, tourism items, clothing, home appliances, food, and playthings with Shanghai Tower branding. Products also available via the WeChat online shop; custom-made items for groups and companies; accepts cash, deposit card, credit card, WeChat Pay, and Alipay.
• Conference Center Conference and banquet facilities spanning L2 and L5 floors within Shanghai Tower, offering event and convention services for corporate and private events.
• Sky Lobby High-rise sky lobbies at transfer floors (22nd, 37th, 52nd, and 68th floors) hosting cultural and commercial venues including Duoyun Books flagship bookstore (52nd floor at 239m altitude, 2,200 sqm), Shanghai Guanfu Museum (37th floor), Half Garden (highest indoor Chinese-style garden), and Michelin high-end dining services.
• Duoyun Books Flagship Store Flagship bookstore on the 52nd floor at 239 meters altitude spanning 2,200+ square meters. Integrates book displays, art exhibitions, cultural activities, and leisure services for visitors and the broader public. Hosts ongoing reading and cultural programming.
• Shanghai Guanfu Museum Museum located on the 37th floor featuring a Ceramic Gallery, East and West Gallery, Gold Ware Gallery, Buddhist Statue Gallery, and a temporary exhibition gallery, showcasing Chinese civilization and traditional cultural artifacts within Shanghai Tower.
• Public Avenue Underground public passage approximately 340 meters long with a total area of 5,500 square meters, connecting Shanghai Tower with Jin Mao Tower, Shanghai IFC, metro Lines 2 and 14, and future connections to Shanghai World Financial Center and 96 Plaza. Hosts art exhibitions and cultural events as a public art corridor with free public access.
• Underground Parking Facility Underground parking facility with three floors (B3-B5) totaling approximately 1,800 parking spaces, including electric charging poles. B3 has 641 spaces (approximately 600 standard, 32 mini, 9 barrier-free); B4 and B5 spaces available for monthly rent; features a reverse vehicle tracking system.
• AI's Dream Immersive Experience AI-themed immersive experience on the 102nd and 106th floors where teams of 8 participants follow AI character AiAi through challenges such as energy crisis and gene optimization scenarios over 1.5 hours, with participants receiving AI-edited personalized films at the end.

Quantifiable outcome

• Wind loading reduced by 24% through twisted design
• +6 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature8 records

Partnerships

Ten partnerships are on record, tiered flagship, core and minor.

• CPIC Xintiandi Commercial CenterflagshipStrategic or Co-development Partner · 5 December 2024Shanghai Tower signed a partnership with CPIC Xintiandi Commercial Center to create a carbon-neutral exhibition hall, part of the tower's ESG and sustainability initiatives announced at the zero-carbon conference in December 2024.
• BNP ParibascoreGTM or Marketing Partner · 5 December 2024BNP Paribas participates in Shanghai Tower's green partnership initiative, as part of the ESG Report launch and Sustainable Development Forum held at the tower. BNP Paribas is one of the tenants engaging in the tower's sustainability programs.
• NiocoreGTM or Marketing Partner · 5 December 2024Nio participates in Shanghai Tower's green partnership initiative as a tenant engaged in the tower's ESG and sustainability programs. Nio also operates a motor display space in Shanghai Tower Mall.
• Shanghai Huangpu River Cruise Group Co., Ltd.flagshipStrategic or Co-development Partner · 31 December 2019Tripartite strategic cooperation framework signed on December 31, 2019, between Shanghai Tower, Huangpu River Cruise, and Yuyuan Inc. The partnership focuses on waterfront integration of Shanghai's signature culture and tourism landmarks, combining ticket products, cultural creative product integration, catering services, and cooperative promotion. As of signing, the parties had already jointly launched the 'One-day Panoramic View of Most Typical Shanghai Sights' product.
• Shanghai Yuyuan Tourist Mart (Group) Co., Ltd.flagshipStrategic or Co-development Partner · 31 December 2019Tripartite strategic cooperation framework signed alongside Shanghai Huangpu River Cruise Group. Yuyuan Inc. brings the Yuyuan Tourist Mart — a signature of Shanghai with time-honored brands and century-old shops — to the integrated tourist routes. The partnership aims to develop the Huangpu River tourism area into one of the best scenic areas in the world.
• Empire State BuildingcoreGTM or Marketing Partner · 15 May 2019Shanghai Tower partnered with the Empire State Building (where vertical marathon originated) to share operation experience and culture of high-rise building runs. The Empire State Building Run-up is the original vertical running event in New York.
• Gensler (晋思建筑咨询)coreTechnology or IntegrationGensler served as the architect of Shanghai Tower. Marshall Strabala, formerly Director of Design at Gensler and now leading 2DEFINE Architecture, was the Chief Architect who led the design of the tower for eight years.
• Shanghai Construction Group Co., Ltd. (上海建工集团)coreStrategic or Co-development PartnerMain construction contractor and one of the three shareholders (4% equity). Shanghai Construction Group Co Ltd carried out the key engineering technology project of Shanghai Tower, achieving multiple global firsts in super-tall building construction.
• Mitsubishi Electric CorporationcoreTechnology or IntegrationMitsubishi Electric designed and installed the three world-record-breaking elevators at Shanghai Tower: fastest elevator at 73.8 km/h, tallest elevator in a building at 578.5 meters, and fastest double-deck elevator at 36 km/h.
• Bank of ChinaminorChannel Partner/ Reseller/ DistributorOperates a branch in Shanghai Tower Mall (B1 floor). Listed as a financing and insurance company partner of Shanghai Tower.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Petronas Twin Towers (KLCC Stapled Group): Petronas Twin Towers in Kuala Lumpur are operated by KLCC Stapled Group, a REIT with Grade A office, retail (Suria KLCC), and a petroleum museum. Comparable as a multi-asset commercial real estate vehicle anchored by an iconic supertall tower with diversified revenue streams.
• Empire State Realty Trust: Empire State Realty Trust operates the Empire State Building observation deck and office space in New York. Comparable as a vertically integrated landmark with observatory, office leasing, broadcast, retail, and the Empire State Building Run-up partnership referenced in Shanghai Tower's marketing.
• Burj Khalifa (Emaar Properties): Burj Khalifa is the world's tallest building at 828 meters, operated by Emaar Properties. It combines Grade A office, residential, the Armani Hotel, and the At the Top observation deck, providing a globally benchmarked peer for diversified vertical-city revenue model and tourism-magnet economics.
• One World Trade Center: One World Trade Center (1WTC) is a 1,776-foot supertall in Lower Manhattan managed by the Durst Organization. Comparable as a Grade A office, observatory (One World Observatory), and retail complex serving a major financial district with a strong tourism and event business.

Regional players

• Guangzhou CTF Finance Centre: Guangzhou CTF Finance Centre is a 530-meter supertall in the Zhujiang New Town CBD, combining Grade A office, the Rosewood Hotel, retail, and observatory. Comparable as a Chinese Grade A office/super-luxury hotel/observatory stack in a tier-one financial district, but located in a different city.
• Lotte World Tower: Lotte World Tower is a 555-meter supertall in Seoul, South Korea, combining office, the Signiel Hotel, retail, and a Seoul Sky observation deck. Highly comparable in vertical-city program and Asian Pacific financial-district positioning, but operates in a different national market.
• Ping An Finance Centre: Ping An Finance Centre is the 599-meter tallest building in Shenzhen, owned by Ping An Insurance. Comparable as a Chinese supertall Grade A office/retail complex serving a major Chinese financial district, though it does not directly compete in Shanghai.

Direct peers

• Shanghai World Financial Center: Shanghai World Financial Center is a 492-meter mixed-use supertall in Lujiazui operated by Mori Building. It offers comparable Grade A office leasing, retail, sightseeing on the 100th floor, and serves the same Pudong financial tenant base, making it a direct competitor for premium office and tourism traffic.
• Taipei 101: Taipei 101 is a 508-meter supertall in Xinyi District, combining Grade A office, upmarket shopping mall, and a world-famous observatory. Comparable as an Asian landmark supertall with a tuned mass damper, observation deck, retail, and corporate leasing targeting financial tenants.
• Jin Mao Tower: Jin Mao Tower is the 421-meter supertall office/hotel building immediately adjacent to Shanghai Tower in Lujiazui. It shares the same Pudong financial district customer base, mixed-use office/hotel/retail model, and even connects via the underground Public Avenue, making it the most directly comparable peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Shanghai-Tower-61554396916099
• LinkedInlinkedin.com/company/shanghai-tower-construction-development-co-ltd-

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shanghai Tower Construction and Development