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LONDON - Hongkong Land Holdings Limited has announced the appointment of Stuart Grant as the Executive Director and Chief Executive of its Westbund Central development in Shanghai, effective from June 30, 2025. The US$8 billion development, which is currently the largest commercial project in Asia, is a part of the company’s strategy to focus on ultra-premium integrated properties in Asian gateway cities.
Stuart Grant, whose appointment was revealed on Sunday, will lead the Westbund Central project, which spans 1.1 million square meters. The development is gaining traction with global and local companies vying for retail and office space ahead of its completion, expected to conclude in phases until 2028.
Grant’s previous experience includes 18 years at Blackstone (NYSE:BX) as Senior Managing Director of their Asian real estate business, managing investments worth US$20 billion across Asia-Pacific. He also served as Chairman and CEO of Brookfield’s Advanced Research Clusters real estate platform. According to Michael Smith, Chief Executive of Hongkong Land, Grant’s expertise in asset management and his understanding of building unique ecosystems will contribute significantly to the vision of Westbund Central as a leading ecosystem for lifestyle and business.
Prior to taking up his new role, Grant will step down from the Board and the Audit Committee of Hongkong Land at the Group’s Annual General Meeting in May 2025. The company will make a subsequent announcement regarding his replacement on the Board.
Westbund Central is designed to be a prime mixed-use property in Shanghai’s Xuhui Waterfront, featuring retail space, Grade A offices, luxury residences, two hotels operated by Mandarin Oriental Hotel Group, and cultural and art venues.
Hongkong Land, a major property investment, management, and development group, has been a pioneer in developing experience-led city centers since 1889. The company’s portfolio includes prime commercial properties in Hong Kong, Singapore, and Shanghai, with a focus on Grade A office, luxury retail, residential, and hospitality products.
The information for this article is based on a press release statement from Hongkong Land Holdings Limited.
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