Consortium wins $11.6b contract for URA site

Consortium wins $11.6b contract for URA site

The Urban Renewal Authority (URA) today (Tuesday) announced that a consortium, Southwater Hong Kong Limited, consisting of Wing Tai Properties Limited and CSI Properties Limited, has won the contract for the development of Site C of the Peel Street/Graham Street project (the Project).

The URA earlier invited a number of qualified property developers/consortia to submit tenders for the Project following an Expression of Interest exercise. The URA received a total of nine tenders when the submission of tender closed on 9 October 2017.

After careful deliberation, the URA Board considered that the tender offer made by the consortium of Wing Tai Properties Limited and CSI Properties Limited has met the tender requirements of Site C of the Project and thus decided to award the development contract to the consortium.

The Project is divided into three sites (Sites A, B and C) and is being implemented in phases. The site being put up for development is Site C bounded by Graham Street, Gage Street and Cochrane Street, covering a site area of about 2,685 square metres. Upon completion, it is planned to provide a gross floor area of not more than 40,275 square metres for office, hotel and retail purposes and to provide a public open space of not less than 1,310 square metres for the enjoyment of the community.

Photo Caption:

Deputy director of Beijing’s official body in Hong Kong Tan Tieniu visited the Urban Renewal Authority (URA) and redevelopment project sites back in June 2017.

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