The nation’s largest western-style mall debuts in Hanam, South Korea
offering international fashion retailers, luxury flagship stores,
restaurants, entertainment and more
SEOUL, South Korea--(BUSINESS WIRE)--
Excited crowds gathered for the grand opening of Starfield Hanam
shopping center today in Hanam, Gyeonggi Province, South Korea.
Developed by Taubman Asia and Shinsegae Group, the center was opened
after a ceremonial ribbon cutting featuring Taubman Centers, Inc.
Chairman, President and CEO Robert S. Taubman, René Tremblay, president
Taubman Asia, Yong-Jin Chung, group vice chairman of Shinsegae Group,
Jing-Soo Lee, deputy mayor of Hanam, Hyun-Jae Lee, National Assembly
member and other special guests.
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Developed by Taubman Asia and Shinsegae Group, Starfield Hanam shopping center opened today in Hanam, Gyeonggi Province, South Korea with nearly 300 stores, approximately 98 percent of them opening. The ribbon cutting for Korea’s largest western style mall included Taubman Chairman, President and CEO Robert S. Taubman, René Tremblay, president Taubman Asia, Yong-Jin Chung, group vice chairman of Shinsegae Group, Jing-Soo Lee, deputy mayor of Hanam, Hyun-Jae Lee, National Assembly member and other special guests. (Photo: Business Wire)
Starfield Hanam is nearly 100 percent leased and occupied with almost
300 stores and restaurants. The 1.7 million square foot center is
anchored by Korea’s number one department store brand, Shinsegae, and
offers everything from fast fashion to luxury items through a unique
collection of domestic and international retailers, as well as an
incredible variety of dining and entertainment destinations.
“Starfield Hanam is Taubman Asia’s first ground-up development in South
Korea and we could not be more thrilled with this center,” said Taubman.
“Together with our partner Shinsegae, we have created an unparalleled
destination that has exceeded all expectations.”
“South Korea’s first ‘shopping theme park’ is a new business model for
the country, integrating the brick and mortar shopping experience with
E-Mart distribution,” said Yong-Jin Chung, vice chairman of Shinsegae
Group. “We carefully curated the selection of stores and services to
benefit our customers and satisfy their diverse needs.”
Shopping, Dining and Entertainment
Starfield Hanam’s collection of international luxury brands includes
Balenciaga, Burberry, Bvlgari, Fendi, Ferragamo, Gucci, Louis Vuitton,
Miu Miu, Prada, Saint Laurent and many more. Fast fashion favorites are
also well-represented including Cos, H&M, Massimo Dutti, Oysho, Uniqlo
and Zara to name a few.
With 110,000 square feet of dining options, there is something for every
palette. Gourmet Street, on the ground level, has 17 restaurants and
cafes while the Eatopia food court offers more casual fare with 18
kiosks specializing in well-known local artisan eats. The food court
features indoor/outdoor seating with views of the Han River and Gumdan
Mountain. A sampling of the restaurants that opened today include
Devil’s Door, Everest, Hanwoori, Phoenix Yumcha, Pyeongyang Myeon-Ok and
Vecchia e Nuovo.
Starfield Hanam also offers showrooms by BMW, Genesis, Hyundai and
Harley Davidson. Tesla will be opening soon.
Another key component of the overall Starfield Hanam experience is
entertainment. The eleven-screen Megabox cinema, a Sports Monster
sportsplex offering everything from rock climbing to basketball and a
112,000 square foot Aquafield indoor/outdoor water park provides
fun-filled experiences when shopping is complete.
For more information about Starfield Hanam, please visit www.taubman.com
or the center’s website at www.starfield.co.kr.
About Starfield Hanam
Starfield Hanam, located in scenic Hanam, South Korea just east of
Seoul, is the largest western-style shopping center in the country at
nearly 1.7 million square feet. Anchored by Shinsegae department store,
the center offers approximately 300 stores, restaurants, and a variety
of sports and entertainment venues. Conveniently connected to the Misa
road, which is linked to the Greater Seoul freeway network, Starfield
offers approximately 6,200 parking spaces and access to bus
About Taubman Asia
Taubman Asia is a subsidiary of U.S. Mall operator Taubman Centers, Inc.
(NYSE: TCO) – a leader in the shopping center industry. Taubman Asia is
the platform for Taubman Centers' expansion into China and South Korea
and focuses on owning, managing, and/or leasing high-quality and
sustainable retail real estate projects in Asia that leverage Taubman's
strong retail planning design and operational capabilities. The company
opened CityOn.Xi’an (Xi’an, China) and Starfield Hanam (Hanam, South
Korea) in 2016 and will open CityOn.Zhenzghou (Zhengzhou, China) in
2017. For more information about Taubman Asia, visit taubmanasia.com.
About Shinsegae Group
Shinsegae Group is a retail company group with 33 subsidiary companies
and has recorded sales of KRW 20 trillion and the total asset amount of
KRW 29 trillion in 2015. Shinsegae Group has been leading the new trends
in Korean retail with the first department store, the first discount
retailer and the first premium outlet in South Korea. Shinsegae Group
has two big businesses, Shinsegae department store and E-mart. Shinsegae
department store operates 11 stores and E-mart operates 157 stores in
South Korea and 10 stores in China, Vietnam and Mongolia, following the
first store in 1993 (as of August 2016).
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Centers,” “company,” “Taubman” or an operating platform mean Taubman
Centers, Inc. and/or one or more of a number of separate, affiliated
entities. Business is actually conducted by an affiliated entity rather
than Taubman Centers, Inc. itself or the named operating platform.
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meaning of Section 27A of the Securities Act of 1933, as amended, and
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statements reflect management's current views with respect to future
events and financial performance. The forward-looking statements
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Source: Taubman Centers, Inc.