11 Skies
Coverage of 11 Skies in the Nexus archive.
- The real story of 11 Skies is not about a failed shopping centre
11 Skies, a retail and commercial complex near Hong Kong International Airport, faces a potential reset as the Airport Authority considers taking majority control from its private developer. The project's challenges highlight outdated business plans and debates over financial responsibility.
- Can Hong Kong airport’s Terminal 2 take off as 11 Skies, rivals pose challenges?
Hong Kong's 11 Skies, a 3.8 million sq ft retail and office complex near the airport, remains largely vacant with 800 empty shops and only two of 120 food outlets open, despite planned operations by last year. A recent visit revealed cordoned-off areas and boarded-up stores, indicating significant delays and underutilization.
- Cheng family’s NWD slumps after admitting 11 Skies, new investor plans stalled
New World Development (NWD) shares fell 4.3% after the company acknowledged making no progress on disposing of a mega shopping centre project (11 Skies) and introducing new investors. The stock declined to HK$8.95 as the firm remains in ongoing negotiations regarding these strategic plans.