The company is set to pour USD400M into Landmark’s luxury transformation in Central, Hong Kong.
Hongkong Land, the largest commercial landlord in Hong Kong’s Central district, unveiled plans to invest USD400M into a project that will elevate its Landmark assets into a luxury boulevard to rival, or “to be compared favourably”, with other global luxury retail destinations Avenue Montaigne, Bond Street, Fifth Avenue and Ginza. The transformation will unfold over the next three years in multiple phases for completion in 2028.
Its anchor retail tenants will also invest an estimated USD600M to upgrade and refurbish existing assets, bringing the total investment to around USD1bn. The anchor tenants announced thus far are Cartier, Chanel, Dior, Hermès, Louis Vuitton, Prada, Saint Laurent, Sotheby’s, Tiffany & Co. and Van Cleef & Arpels.
The Landmark project involves four buildings from Queen’s Road Central to Chater Road: Landmark Atrium, Landmark Prince’s Building, Landmark Alexandra and Landmark Chater House. Sotheby’s is set to open its 24,000sq ft retail and exhibition space within Landmark Chater this month, while the Landmark Mandarin Oriental is to re-open in 2025, along with the first two of the maisons.
