Transactions - JUNE 1, 2017

New World Development unveils Hong Kong mixed-use project

by Andrea Waitrovich

New World Development has unveiled plans for “Victoria Dockside,” a $2.6 billion, 3 million-square-foot art and design district on the promenade of Hong Kong’s iconic Tsim Sha Tsui waterfront.

It’s set to be completed in 2019.

The mixed-use development will offer class A office space, an ultra-luxury Rosewood Hotel, Rosewood Residences, and premier art, design and leisure experiences with unmatched views of Victoria Harbour and Hong Kong Island. The new neighborhood will reinvigorate the Victoria harbourfront and create a top destination for both Hong Kong residents and its 60 million annual visitors.

Victoria Dockside is built on the site formerly known as Holt’s Wharf — a godown terminal next to the Kowloon and Canton Railway in Tsim Sha Tsui. Dating back to 1910, Holt’s Wharf served as a global freight and logistics hub, connecting the city to the world. The site helped establish Hong Kong’s reputation as the gateway to the Far East and played a major role in the city becoming the busiest port in the world.

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