Hong Kong looking to expand West Kowloon Cultural District, developers invited to bid for right to build entertainment blocks, offices
- Authority issues tenders for the Artist Square Towers Project two weeks after opening of M+ museum
- Project comprises three commercial buildings, about 96 per cent of which will be for offices with the rest for retail, dining or entertainment
Hong Kong’s new cultural hub is inviting bids from developers to construct and operate three buildings earmarked for offices and entertainment, the first commercial project in the area.
Located in the heart of the district, the project comprises three commercial buildings with a gross floor area of about 65,000 square metres, about 96 per cent of which will be for offices with the rest for retail, dining or entertainment.
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M+ contemporary art museum opens in Hong Kong
In a statement on Friday, the authority said the successful bidder would be granted the development and operational rights for 34 years and made responsible for the design, construction, financing, marketing, leasing, management and maintenance of the project. The tender stage is expected to close in February.
“The project is seamlessly connected with a number of world-class arts and cultural facilities, including the newly opened M+,” a spokeswoman said. “This invitation of tender is a precious opportunity for the private sector to take part in such an ambitious arts-and-culture-led development.”
The M+ museum is the centrepiece of the 40-hectare district on the Victoria Harbour waterfront, which aims to make Hong Kong a leading cultural destination with world-class collections of 20th- and 21st-century visual culture.
A Hong Kong version of Beijing’s Palace Museum located in the same district is also expected to make its debut in July next year.