New World unveils plans for $2.58b airport retail project

New World Development Co. has plans for a HK$20 billion ($2.58 billion) mixed-use development project at the Hong Kong International Airport development SKYCITY: 11 SKIES, which will be Hong Kong’s largest hub for retail, dining and entertainment (RDE), and the first to combine wealth management and wellness services, providing unique connectivity across the region, and redefining the traveler and consumer experience in the Greater Bay Area (GBA). It 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.

Operated by K11, 11 SKIES is a brand new landmark in Hong Kong for locals and tourists with a gross floor area of 3.8 million square feet, including 2.66 million square feet dedicated to dining and retail outlets, 570,000 square feet for experiential entertainment facilities and 570,000 square feet for class A office s