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New headquarters of Nike Group the Greater China will be built in Shanghai. Nike's employees will move into a new building named "The Greater China area". The Headquarters with an area of nearly 600,000 square feet (54,575 square meters or so) will be built in the Yangpu District of Shanghai. U.S. Tishman Real Estate company develop this multi-purpose project and named it with "Shangpu-the world guide". The Nike Company will carry out a new long-term strategy for its growth. After the project finished, its trading business will be raised. Nike Company has gained its fame in Tianjin and Chengdu area before this project. This new project is a strategic investment which has astounded the people. The new headquarters can gather-together all its employees in Shanghai and its group of brands. Because of the new headquarters' construction,http://www.centennialridgeapt.com/node, the company's office facilities and its operation capacity could also be upgraded. Nike's annual revenue is over 2 million dollars for the first time in the Greater China area in June, 2011. And the regional revenue growth rate is 35%,http://plastic411.com/register/E_GuestBook.asp, reported in the annual fiscal report in December 20th, 2012. At the very beginning of his construction, its value and importance have show its meaning. The Headquarters shows Shanghai's prominent market advantages and importance for business trading and for the local residences. Tishman Company and Nike Company will establish a cooperation relationship for a long-term growth strategy. As a company, Tishman is a combination of real estate owners, developers, operators and investment management companies. Nike has signed a long-term lease agreement with U.S. Tishman company on this project. A set of buildings will cover an area of 587,227 square feet (54,575 square meters). A set of buildings include about three office building and a five layer of multi-purpose conference centers will show its appearance after the construction.
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