New World plows HK$10b into Shenzhen cultural and commercial projectBusiness | 16 Oct 2020 6:40 pm
New World Development (0017) said it will invest more than HK$10 billion to develop a large-scale cultural commercial project in Prince Bay in Shenzhen.
The project, modeled on Victoria Dockside, would have a gross floor area of 3.9 million square feet and is expected to become the largest harborfront cultural-retail destination in Shenzhen, said the developer.
NWD said it will develop a cultural and commercial promenade, a five-star hotel, a 380-meter high office tower, as well as an international hospital and educational facilities in the project.
The developer has a land bank of about 6.48 million square meters of gross floor area in mainland China.-Photo: Rendering by NWD