BRIEF

on Hongkong Land (isin : BMG4587L1090)

Hongkong Land Plans Major Transformation of LANDMARK in Hong Kong

Hongkong Land commits US$400 million to launch "Tomorrow's CENTRAL," reimagining LANDMARK into a premier ultra-luxury destination in Hong Kong. The transformation aims to entail a total investment of over US$1 billion, with retail tenants like Cartier, CHANEL, and Dior adding another US$600 million.

The revamped LANDMARK will feature 10 multi-storey Maison destinations, new dining concepts, and a jewellery and watch boulevard. Anchor tenants will double their space, elevating retail experiences across awe-inspiring two-to-eight-storey destinations.

The project will unfold over the next three years, with phases planned to keep LANDMARK open throughout. Sustainability will be integral, with eco-friendly building materials and electrical equipment to reduce carbon emissions.

Hongkong Land partners with Sotheby's for a 24,000 sq. ft. immersive art exhibition, enhancing the luxury retail experience with new curated spaces for beauty and fashion. By positioning LANDMARK alongside global icons like Paris' Place Vendôme, Hongkong Land aims to uphold its luxury market standing.

Completing its vision, Hongkong Land will incorporate an array of upscale dining venues, reinforcing Hong Kong's status as a top culinary destination.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Hongkong Land news