Shanghai World Financial Center

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World Financial Center
World Financial Center

The Shanghai World Financial Center is a skyscraper located in the Pudong district of Shanghai, China. It was designed by Kohn Pedersen Fox and developed by the Japanese Mori Building Company. It is a mixed-use skyscraper, consisting of offices, hotels, conference rooms, observation decks, and ground-floor shopping malls. Park Hyatt Shanghai is the hotel component, containing 174 rooms and suites. Occupying the 79th to the 93rd floors, it is the second-highest hotel in the world, surpassing the Grand Hyatt Shanghai on the 53rd to 87th floors of the neighboring Jin Mao Tower.

On 14 September 2007, the skyscraper was topped out at 492.0 meters (1,614.2 ft), making it, at the time, the second-tallest building in the world and the tallest structure in Mainland China. It also had the highest occupied floor and the highest height to roof, two categories used to determine the title of "world's tallest building". The SWFC opened on 28 August 2008, with its observation deck opening on 30 August. This observation deck, the world's tallest at the time of its completion, offers views from 474 m (1,555 ft) above ground level.

The SWFC has been lauded for its design, and in 2008 it was named by architects as the year's best completed skyscraper. The SWFC will be exceeded in height by the adjacent Shanghai Tower, which is due for completion in 2014. Together, the SWFC, Shanghai Tower and Jin Mao Tower will form the world's first adjacent grouping of three supertall skyscrapers.

Designed by American architectural firm Kohn Pedersen Fox, the 101-story tower was originally planned for construction in 1997, but work was temporarily interrupted by the Asian Financial Crisis in the late 1990s, and was later paused to accommodate design changes by the Mori Building Company. The building of the tower was financed by several multinational firms, including Chinese, Japanese, and Hong Kong banks, as well as by the Japanese developer and American and European investors. The American investment bank Morgan Stanley coordinated the tower's financing for Mori Building.

World Financial Center
World Financial Center

The tower's foundation stone was laid on 27 August 1997. In the late 1990s, the Pierre de Smet Building Corporation suffered a funding shortage caused by the Asian financial crisis of 1997-98, which halted the project after the foundations were completed. On 13 February 2003, the Mori Group increased the building's height to 492 m (1,614 ft) and 101 stories, from the initial plans for a 460-metre (1,509 ft), 94-story building. The new building used the foundations of the original design, and construction work was resumed on 16 November 2003.

A fire broke out in the incomplete SWFC on 14 August 2007. The fire was first noticed on the 40th floor, around 16:30 (GMT +8), and soon the smoke was clearly seen outside the building. By 17:45, the fire had been extinguished. The damage was reported to be slight and nobody was injured in the accident. The cause of the fire is still unknown, but according to some sources the preliminary investigation suggested workers' electric weldings caused the fire.

The building reached its total height of 492 m (1,614 ft) on 14 September 2007 after the installation of the final steel girder.[15] The final cladding panels were installed in mid-June 2008, and elevator installation was finished in mid-July. The Shanghai World Financial Center was completed on 17 July 2008, and was officially opened on 28 August. On 30 August 2008, the tower's observation floors were opened to the public.

How to get Shanghai World Financial Center

Addess: 100 Century Avenue, Pudong
Tel: +86 21 6877 7878
Opening: Daily 8am-11pm, last entry 10 Pm

Website: Shanghai World Financial Center

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