Hong Kong’s M+ museum recently signed a memorandum of understanding (MOU) with the Centre Pompidou in France, cementing a multi-year partnership that will cover collection, research and talent exchanges. This follows the 12 MOUs signed by the West Kowloon Cultural District Authority during this year’s International Cultural Summit – bringing its total international partnerships to…
Hong Kong developer Sun Hung Kai Properties is betting big on arts and commercial projects at the West Kowloon Cultural District, banking on the city’s designated role as a cross-border asset and wealth management hub – even as the office rental market remains subdued. Sun Hung Kai Properties is positioning its projects to stand out…
JPMorgan Chase has committed to leasing about 250,000 sq ft of space in the new Sun Hung Kai Properties (SHKP) office towers in Hong Kong’s West Kowloon district for 10 years, making the US investment bank the anchor tenant of the 700,000 sq ft mixed-use development, the Hong Kong-listed developer said on Friday. Artist Square…
The authority managing Hong Kong’s West Kowloon arts hub has averted a funding crisis after obtaining a longer-than-usual 10-year loan facility of HK$3 billion, which comes in addition to a US$1 billion (US$383.8 million) bond sale programme announced earlier. The financing would provide a much-needed lifeline to the West Kowloon Cultural District Authority in the…
The loss-making authority that manages Hong Kong’s West Kowloon arts hub will sell bonds for the first time, aimed at raising up to US$1 billion to fund its operations. According to documents submitted to Hong Kong Exchanges and Clearing on Thursday, the West Kowloon Cultural District Authority appointed the Hongkong and Shanghai Banking Corporation and…
Hong Kong will ring in the new year with packed restaurants and a bustling nightlife in Central, but the absence of a fireworks display may affect business on the Kowloon side, industry leaders have said. Their comments on Wednesday followed the tourism board’s announcement that the main celebration would be held on Charter Road in…
Income from performing arts spaces in Hong Kong’s premier cultural hub could improve with the opening of a new 2,320-seat theatre complex next year, the head of the area’s managing body has said, following last year’s financial woes. A paper submitted to the Legislative Council revealed that the cost recovery rate for the West Kowloon…
The managing authority for Hong Kong’s arts hub is contending with deepening financial woes and weakened local spending, with its revenue in the 2024-25 financial year contracting by 18 per cent and its operating deficit ballooning to HK$769 million (US$98.5 million). According to a legislative paper released on Wednesday, the West Kowloon Cultural District Authority’s…
The second local re-run of The Impossible Trial, a home-grown Hong Kong musical, sparked a ticket-buying frenzy after its return from a sold-out tour in Shanghai and Beijing. On July 30, the official ticketing platform Popticket saw as many as 52,000 users joining the virtual queue. They were going after the 8,000 tickets released at…