Nan Fung Group to turn Kai Tak site into commercial area for $32b

The 47-storey development building is slated to be the tallest CBD 2.0 building.

Hong Kong conglomerate Nan Fung Group has announced a plan to build AIRSIDE, a 1.9-million-sqft mixed-use commercial development in Kai Tak area, a press release confirmed. The total investment of this project is expected to reach $32b and is set to open in Q4 2022.

The 47-storey development building will include over 30-storey Grade-A office and a multi-storey retail complex with an interconnected underground shopping street.

With a height of 200m, it is slated to be the tallest building in Hong Kong’s CBD 2.0 and will include a gross Grade-A office floor area of 1.2 million sqft. The 700,000-sqft shopping mall will include experiential retail, cuisine, quality living, and leisure experience. Greeneries, open-air rooftop, terraces, and surrounding grounds will constitute 33% of the total site area.