New World Wins Space City Phase 2 Business Development Right Investment 20 Billion Commercial Floor 3.77 Million Units

Airport and Space City Phase 2 commercial project won 48 years of development and management rights from New World (00017). It can build 3.77 million square feet of floor space with a total investment of 20 billion yuan. The project design has a high score and is expected to be new. The key to winning the world.

Space City Phase 2 (Aerospace Lots A2 and A3) near AsiaWorld-Expo, with 3.77 million square feet of total floor space, equivalent to 5 IFC centers (about 800,000 square feet) One of the largest commercial projects in recent years.

The project will be divided into two phases and will be completed in stages from 2023 to 2027.

48-year lease period to create a new retail landmark

The Airport Authority announced yesterday that the project’s development and management rights have been granted to Leos Co., Ltd., a wholly-owned subsidiary of New World. According to the agreement, Leos will be responsible for the design, construction, financing and management of development projects for a lease period of approximately 48 years. To September 2066.

The executive vice president and general manager of New World, Zheng Zhigang, said that by using his unconventional thinking to create a new international entertainment and retail landmark that combines learning, exploration and adventure, he believes SKYCITY is strategically located and optimistic about the prospects of the project. Confidence will become a good place for tourists and tourists visiting Hong Kong and overseas.

Linking with the Great Bay Area

As Space City is adjacent to the Tuen Mun-Chek Lap Kok Link and the Hong Kong-Zhuhai-Macao Bridge, it links with the remaining 10 cities in the Greater Bay Area. Under the concept of a one-hour living circle, the City has great potential for commercial development.

It is estimated that the total investment of the project will be approximately 20 billion yuan, which will be calculated based on the 3.77 million square feet of buildings that can be built, with an investment of about 5,300 yuan per square foot. It is reported that the tender score is divided into two parts. In addition to the guaranteed rental income, it also includes design and creative scores. Among them, the proportion of creative scores accounts for more than half, which is one of the keys for developers to successfully win projects, including the construction of indoor Outside the race track, children’s experience hall and so on.