New World Development unveils “11 Skies” – Hong Kong’s largest hub for Retail, Dining and Entertainment (RDE); a HK$20 billion mixed-use development project at the Hong Kong International Airport development, Sky City.
11 Skies will also be the first to combine wealth management and wellness services, providing great connectivity across the region, and redefining the traveller and consumer experience in the Greater Bay Area (GBA). Already the project has attracted anchor tenants including Bank of China (Hong Kong), Citibank, Standard Chartered, FTLife Insurance and Trinity Health Enterprise to provide service for customers in Hong Kong, GBA and rest of the world.
11 Skies has a gross floor area of 3.8 million sq. ft with three Grade A office towers connected for Retail, Dining and Entertainment experiences
Operated by K11, 11 Skies aims to be a landmark in Hong Kong for locals and tourists with a gross floor area of 3.8 million sq. ft., including 2.66 million sq. ft. dedicated to dining and retail outlets, 570,000 sq. ft. for experiential entertainment facilities and 570,000 sq. ft. for grade A office space. There will be over 800 shops including more than 120 dining concepts, entertainment never seen before in the region, and access to world-class financial and medical services, all under one roof.
The Project will open in phases from 2022 to 2025, to bring brand new experiences for consumption, entertainment and wellness services for everyone.
Strategically located right next to the Hong Kong International Airport, Hong Kong-Zhuhai-Macao Bridge, and Tuen Mun-Chek Lap Kok Link, 11 Skies will benefit from the high volume of passengers who travel through Hong Kong International Airport, which recorded 71.5 million last year, and the 72 million people residing in the GBA. People can arrive at 11 Skies several hours earlier before they board the plane to enjoy the wonderful retail entertainment. It will become both a centre piece within the GBA “one-hour living circle” and a gateway to the rest of the world.
Adrian Cheng, CEO, New World Development and Founder of K11 Group made a statement that, “11 Skies will be a game-changer for Hong Kong and the Greater Bay Area. It is the first project that comprehensively combines retail, dining, entertainment, together with wellness and wealth management in one complete ecosystem for people in Hong Kong, Greater Bay Area and the rest of the world. 11 SKIES will create thousands of job opportunities as well as give birth to new business opportunities in key sectors which can leverage the unique connectivity, ultimately providing a new impetus for the long-term growth.”
About New World Development
Founded in 1970, New World Development Company Limited was publicly listed in Hong Kong in 1972 and is a premium brand infused with a character best defined by The Artisanal Movement, New World Group’s core business areas include investment in property and property development, and investment in and/or operation of roads, commercial aircraft leasing, construction, insurance, hotels and other strategic businesses. Its Greater China operations, especially in the Greater Bay Area, had a total asset value of approximately HK$600.2 billion as at 30 June 2020. The Group’s two listed companies are NWS Holdings Limited (61%), and New World Department Store China Limited (75%). New World China Land Limited is wholly owned by the Group.
About K11 Group
K11 Group was founded in 2008 by renowned entrepreneur Adrian Cheng and is based in Hong Kong with operations in Greater China, as well as investments in Europe and the US. Through K11 Group, Cheng’s stated aim is to enrich the new consumer’s daily life through the power of creativity, culture and innovation.
A destination 10 years in the making, K11 Musea, K11 Group’s most ambitious Cultural-Retail development, opened its doors in August 2019. Reinvigorating Hong Kong’s waterfront, Cheng’s vision is to make K11 Musea the Silicon Valley of Culture that will facilitate a broader discussion on the interconnectedness of creativity, culture and innovation.
In addition to its flagship K11 Art Malls, K11 Group also operates K11 Atelier, a network of office buildings for the next-generation workforce; luxury residences for worldly travellers K11 Artus; open education platform K11 Kulture Academy; consulting and market research institution K11 Future Taskforce; K11 Art Foundation, China’s first not-for-profit to incubate Chinese artists and curators; K11 Craft & Guild Foundation, a foundation that is dedicated to preserving traditional Chinese crafts and bringing them into the future.
11 Skies Project will create a new global identity for Chinese millennials as well as cultivate opportunities for communities to thrive, connect, work and shop. By FY2025, K11 Group will have gained a footprint in 38 projects (total GFA 2.824 million sqm) in ten cities across Greater China. It is interesting to know that K11 was honoured by Fast Company as one of the most innovative companies in 2019 for its disruptive retail model.
Image Credits: New World Development Company Limited, Hong Kong