The first Disneyland theme park resort in mainland China is to set to get an adjacent luxury shopping compound.

The Shanghai Shendi Group announced a venture with luxury outlet chain Value Retail this week, Want China Times reports.

‘Shanghai Village’ will be located next to Shanghai Disney Resort, which is set to open its doors at the end of 2015.

Located in the city’s Pudong district, the outlet will benefit from the transport links connecting the metropolis to the resort, and will aim to attract luxury bargain hunters.

The 50,000 square meter site will stock a variety of luxury Asian and International lifestyle brands with collections selling at discounted prices.

Value Retail’s existing ‘Chic Outlet Shopping’ concept villages in Europe include boutiques from designer labels such as Alexander McQueen, Burberry, Dior, Gucci and Prada, among others.

The compound will be the second Chinese outlet for the chain, which is planning to open its inaugural Asian site, Suzhou Village, in May 2014.

The Shanghai Disney Resort will feature a Magic Kingdom theme park and two themed hotels when it opens next year.