Adrian Cheng, New World Development’s executive vice-chairman, will oversee the redevelopment of State Theatre. Photo: Dickson Lee Adrian Cheng, New World Development’s executive vice-chairman, will oversee the redevelopment of State Theatre. Photo: Dickson Lee
Adrian Cheng, New World Development’s executive vice-chairman, will oversee the redevelopment of State Theatre. Photo: Dickson Lee

Hong Kong developer NWD says it will ‘create shared value’, as it takes control of State Theatre Building site

  • NWD took control of the site on Thursday and must pay holdout owners based on a Lands Tribunal reserve price of HK$4.77 billion or HK$12,468 per square foot
  • The company has announced the set up of a team of local and international conservation consultants

Topic |   Hong Kong property
Adrian Cheng, New World Development’s executive vice-chairman, will oversee the redevelopment of State Theatre. Photo: Dickson Lee Adrian Cheng, New World Development’s executive vice-chairman, will oversee the redevelopment of State Theatre. Photo: Dickson Lee
Adrian Cheng, New World Development’s executive vice-chairman, will oversee the redevelopment of State Theatre. Photo: Dickson Lee
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