Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Saturday, Apr 13, 2024

Firms flock to rent units at 3 newly built office towers near Hong Kong’s airport

Firms flock to rent units at 3 newly built office towers near Hong Kong’s airport

Three office towers are part of large-scale 11 Skies commercial project run by K11 group, with firm hoping to launch additional facilities from next year.

Three newly constructed prime office buildings that form part of a large-scale commercial project near the Hong Kong International Airport are expected to achieve an occupancy rate of 65 per cent by the end of this year.

The three seven-storey, grade-A office towers of the 11 Skies project are operated by K11 Group, a unit responsible for project management at New World Group which was awarded the contract for the development and management in 2018, and have a gross floor area of 570,000 sq ft, with unit sizes ranging from 1,696 to 33,868 sq ft.

A representative for K11 on Tuesday said the firm believed customer interest in the project would increase because of recent discussions by the government with their counterparts in mainland China over a full border reopening and the launch of the “3+4” travel plan, which reduced Hong Kong’s hotel quarantine period to three days, with an additional four under medical surveillance.

“The market has a positive response to the project,” the representative said. “It will become a one-stop professional service hub for mainland and international customers.”

An interior view of one of the three office buildings forming the 11 Skies complex.


Located close to the city’s airport and the Hong Kong-Zhuhai-Macau Bridge, the office towers have been marketed to wealth management and medical services companies, as well as cross-border business operations.

The buildings also feature 14 multipurpose stores which provide retail and back office spaces, which cover a total area of 200,000 sq ft. Tenants have already agreed to rent the spaces and are set to move in during the next quarter of this year.

More than 20 international and regional firms will lease office spaces there, including Bank of China’s Hong Kong branch, Citibank, Standard Chartered, Trinity Health Enterprise and EC Healthcare.

The 3.8 million sq ft project, which is valued at HK$20 billion (US$2.55 billion), is set to launch several entertainment facilities in 2023, while a shopping centre outfitted with over 800 retail spaces and 120 dining options will open in phases from 2024.

Travellers from the Greater Bay Area would be able to reach the complex in up to 90 minutes by car, while the centre would also connect to the border checkpoint at Hong Kong-Zhuhai-Macau Bridge in 2024 via an autonomous transport system operated by the city’s Airport Authority, a K11 representative said.

The Greater Bay Area is an ambitious initiative by Beijing to link Hong Kong, Macau and nine cities in Guangdong province into an integrated economic and business hub.

Visitors would also be able to travel by footbridge between the complex and the second terminal of the airport, the company added, while the six-minute walk from the railway station at the AsiaWorld-Expo would help attract local customers to shop and dine at the complex.

The operator said residents from West New Territories could reach 11 Skies in 30 minutes by car through the Tuen Mun-Chek Lap Kok Link, a sub-sea tunnel that connects the northwest New Territories to Lantau Island.

In addition to its own public transport terminal, the complex would provide almost 3,000 parking spaces, K11 said.

Newsletter

Related Articles

Hong Kong News
0:00
0:00
Close
It's always the people with the dirty hands pointing their fingers
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Steve Jobs' Son Launches Venture Capital Firm With $200 Million For Cancer Treatments
Google reshuffles Assistant unit, lays off some staffers, to 'supercharge' products with A.I.
End of Viagra? FDA approved a gel against erectile dysfunction
UK sanctions Russians judges over dual British national Kara-Murza's trial
US restricts visa-free travel for Hungarian passport holders because of security concerns
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Political leader from South Africa, Julius Malema, led violent racist chants at a massive rally on Saturday
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
'I am not your servant': IndiGo crew member, passenger get into row over airline meal
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Spanish Citizenship Granted to Iranian chess player who removed hijab
US Senate Republican Mitch McConnell freezes up, leaves press conference
Speaker McCarthy says the United States House of Representatives is getting ready to impeach Joe Biden.
San Francisco car crash
This camera man is a genius
3D ad in front of Burj Khalifa
Next level gaming
BMW driver…
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
×