Hong Kong’s Airport Authority (AA) will launch a tender later this year for construction of a massive commercial complex in the northern part of the airport.
The planned commercial complex will house a shopping mall that will be largest of its kind in the city, the Hong Kong Economic Journal reported.
The first phase of the project is expected to be completed in 2018, with operations likely to commence in 2019, the report said, citing AA chairman Vincent Lo Hong-sui.
The complex will be built on a 14-hectare site that is currently serving as a temporary golf course and car park. Authorities had in 2013 earmarked the site for commercial development.
The planned commercial complex will combine retail and hotel projects, with the retail space double that of Harbour City, according to a government document disclosed in January.
Harbour City, a popular mall in the Tsim Sha Tsui district, has two million square meters of retail space in terms of gross floor area.
The airport authority will not sell the new property being developed, but will instead be a partner in the entire venture, said Lo.
However, the terms and conditions are yet to be drafted regarding the ownership structure. The AA will take the views of developers into consideration before making a decision, Lo said.
Translation by Vey Wong
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