Retail in Asia

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Nan Fung Group’s new Airside development slated to open in Q3

Nan Fung Group has announced the soft opening of Airside, its 1.9 million square-foot, 47-storey mixed-use development in Hong Kong’s Kai Tak in Q3 2023. In a separate announcement, Japanese lifestyle retailer Muji said its 12,000-square-foot store within Airside is slated to open in September 2023.

The 700,000-square-foot mall offers an extensive mix of premium tenants, including home-grown brands, international cuisines, and experiential retail, with almost 80 percent of the space already leased.

SEE ALSO: MTR Malls to open The Wai in Hong Kong this July 

A 25,000-square-foot City’Super store joins Muji among other retail anchors, in addition to around 40 F&B outlets and world-class entertainment, such as Hong Kong’s first large-scale indoor surfing centre.

Source: Nan Fung Group

A new MCL Cinema spanning over 30,000 square feet and comprising seven cinema houses, can accommodate up to 900 movie-goers. The development will also feature a pet-friendly hub.

The leasing momentum is a testament to the market’s resurging confidence post-pandemic, according to Vanessa Cheung, group managing director of Nan Fung Group.

Source: Nan Fung Group

Renowned architecture firm Snøhetta is behind the design, drawing inspiration from the intense fusion of natural elements, historic structure, and contemporary urban spaces in Hong Kong. Their design invites the outside in and seamlessly connects to the main surrounding features in the area, including the Kai Tak Park and Kai Tak River.

SEE ALSO: Brick-and-mortar back in a big way in Hong Kong: Chanel, De Beers, Van Cleef and more unveil new locations

Aside from retail, the development dedicates over 10,000 square feet of space to art and culture, with a diverse range of exhibitions and programmes.

The development also includes 32 floors of Grade A office space, with around 400,000 square feet already pre-leased to three global corporations.