Hang Lung Properties unveiled Westlake 66 in Hangzhou’s Wulin central business district on 2025-05-05, pitching the flagship project as a shift from its traditional luxury-heavy mall format toward lifestyle and experience-led retail. [1]
The development spans about 390,000 square metres and combines a shopping mall, five prime office towers and a 194-room Mandarin Oriental hotel, which is slated to open in 2027. [1]
Food and beverage operators make up about 30% of leases, while around one-third of tenants are new to the Hangzhou market. Hang Lung said the tenant mix is meant to fit changing tastes among mainland Chinese shoppers, who are putting more weight on domestic labels, emotional value and differentiated experiences. [1]
Derek Pang, senior director of mainland business operations at Hang Lung Properties, said, "Hangzhou has a highly diversified industrial base, with a leading technology sector and a strong inflow of younger consumers with spending power and a clear understanding of brands." He added, "It is not about trading down, but about having more choices." [1]
The mall area covers 105,900 square metres and forms part of Hang Lung’s wider push in mainland China as retailers adapt to a more selective consumer base. [1]
The next major milestone at Westlake 66 is the opening of the Mandarin Oriental hotel in 2027. [1]
