Allan Zeman’s Lan Kwai Fong Holdings – developer of Hong Kong’s iconic stretch of bars and restaurants – will expand to Haikou, Hainan Island, China.The company has formed a partnership with Mission Hills Group, owner of the world’s largest golf club in Shenzhen, to develop a new retail-entertainment complex at a total investment cost of CNY2 billion (USD313.26 million).
With a total area of 240,000 square metres, the new project will include a Lan Kwai Fong entertainment zone of more than 50,000 square metres, a lake, 35,000 square metres of outdoor and indoor retail space, a 25,000 square metre retail complex in a 1920-30s Shanghai art deco setting, and a 10,000 square metre traditional southern Chinese town selling local crafts and traditional gifts.
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(Source: scmp.com)