Nike Announces Plans For New Centralized Campus In Shanghai

Nike yesterday announced plans for the development of a new centralized campus for the company’s employees in Shanghai, China. The nearly 600,000-square-foot complex will be built at The Springs, developer Tishman Speyer’s newest mixed-use development in Shanghai’s Yangpu District. The Springs is Tishman Speyer’s largest project in China and follows the development of previous commercial projects in Tianjin and Chengdu. Nike has signed a long-term lease with Tishman Speyer, which will construct the more than 587,227 square feet (approximately 54,575 square meters) of space in a multi-building campus. Nike said when complete, the campus within The Springs will consist of up to three office buildings and a five-story multi-purpose conference center, in a campus-type setting. Along with the commercial buildings, it will feature a soccer pitch and regulation-size indoor basketball court. Nike expects to occupy the new space starting in Q1 of ’14 (Nike).