Nan Fung Group (Nan Fung) is pleased to announce the soft opening of AIRSIDE, a 1.9 million square feet, 47-storey mixed-use commercial development in the Kai Tak area in Q3 2023.
The skyscraper comes with 32 storeys of Grade A office space, of which around 400,000sq ft has already been pre-leased to three renowned global corporations and Nan Fung’s core business units. The premium property is fetching an average rent ranging from HK$35 – 49 per sq ft, which is nearly double the rent of other Grade A commercial buildings in Kowloon East, averaged at HK$25 per sq ft.
The 700,000sq ft mall is set to offer visitors a brand new one-stop shopping experience and its overall leasing performance is satisfactory, with almost 80 per cent of the mall space already leased. Kai Tak MTR’s AIRSIDE exit will come into operation in conjunction with the mall’s soft opening.
Vanessa Cheung, Group Managing Director of Nan Fung Group, says, “AIRSIDE is the flagship development project of Nan Fung Group. It embodies our commitment to fostering a community in which tenants can achieve their sustainability and social goals with people-centric designs and facilities. The current leasing momentum is also a testament to the market’s resurging confidence post-pandemic,” says Cheung. “As Hong Kong’s CBD 2.0, the Kai Tak Development area is home to several key infrastructural projects, which propels the development of the area as well as Hong Kong as a whole. We look forward to the opening of AIRSIDE and we are grateful to our tenants for their unwavering support along the way. We are excited to explore with our tenants and community the possibilities of AIRSIDE as ‘a place for wholeness’ and sustainable living.”
