New World Development Company has unveiled its HK$20bn ($2.6bn) mixed-use project, ‘11 SKIES’, at the Hong Kong International Airport development SKYCITY.
The new development, which is operated by K11, is claimed to be the largest hub for Retail, Dining and Entertainment (RDE) in Hong Kong.
Go deeper with GlobalData
It will also be the first project to combine wealth management and wellness services in the Greater Bay Area (GBA).
With a gross floor area of 3.8 million ft2, 11 SKIES includes a 2.66 million ft2 dedicated dining and retail space, 570,000ft2 for experiential entertainment facilities and 570,000ft2 for Grade A office space.
The project will comprise more than 800 shops including over 120 dining concepts, entertainment and will also have access to financial and medical services under one roof.
See Also:
11 SKIES is located near Hong Kong International Airport, Hong Kong-Zhuhai-Macao Bridge, and Tuen Mun-Chek Lap Kok Link and will benefit from the passengers who travel through Hong Kong International Airport.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe project will include three Grade A office towers under a premium office network brand, K11 ATELIER.
One tower will focus on wealth management services including insurance and asset management, one will focus on wellness and medical services, and the other is ideal for companies and organisations who wish to establish their GBA business centre at the heart of the region.
Five premium brands including Bank of China (Hong Kong), Citibank, Standard Chartered and FTLife Insurance are planning to establish their presence at 11 SKIES and start offering the financial services once the project opens.
New World Development Company said that the 570,000ft2 office space is expected to be concluded by 2022.
Furthermore, 11 SKIES is planned to be opened in phases from 2022 to 2025.
—————————————————————————————————————————–
Rendering of the new 11 SKIES mixed-use development project at the Hong Kong International Airport. (Credit: New World Development Company Limited.)
