SWIRE Properties and CITIC Pacific have begun soft-marketing shopping space in their giant $6 billion Yau Yat Tsuen development, Festival Walk.
Although the project is not scheduled for completion until late 1997 or early 1998, the two hongs are already talking to a handful of potential major tenants.
They have a lot of space to fill. Festival Walk will comprise a gross floor area of 1.25 million square feet, including nearly 250,000 sq ft of office space.
The office floors will be put out to lease later.
The development will have more than 250 shops, a 10-screen cineplex, food halls, an exhibition hall, and Hong Kong's largest supermarket and largest ice rink.
The interior has been planned to provide tenants with maximum shop frontage.