Hong-Kong. The Airport Authority Hong Kong said New World Development (0017) has been awarded the tender for a commercial development at the Skycity project adjoining the Hong Kong International Airport.
The award follows a tender exercise, which received bids from local and international developers and retailers, said the airport company.
Scheduled to be opened in phases from 2023 to 2027, the development, adjacent to HKIA’s passenger terminals, will provide a maximum gross floor area of 350,000sq m, with retail, dining and entertainment facilities for visitors and local residents of different ages. Under the agreement, Roxy Limited will design, construct, finance and manage the development, which will be the largest integrated retail, dining and entertainment development in Hong Kong.
Apart from this development, a hotel is being developed on another SkyCity site, for which Regal Hotels Group was earlier awarded the development and management contract. The new hotel is scheduled to be opened in 2020-2021.
SkyCity occupies around 25 hectares of land and, said the airport company, is well-positioned to benefit from the customer base of HKIA which served 72.9 million passengers in the past year. Passenger traffic is projected to rise to more than 100 million by 2030 with the completion of the three-runway system. SkyCity is also set to tap into the potential brought by the Tuen Mun-Chek Lap Kok Link and Hong Kong-Zhuhai-Macao Bridge that will enhance connectivity.