New Role Game at 11 Skies as Airport Authority Takes Control

The authority managing Hong Kong International Airport has undergone a significant transition by seizing control of the retail and entertainment operations at 11 Skies from New World Development ahead of the unveiling of Terminal 2, inside sources revealed. This strategic maneuver saw the Airport Authority acquiring the fundamental aspects of the 2.66 million sq ft retail and dining precinct, setting the stage for 70% ownership in this sprawling endeavor. Yet, questions loom over the fate of the residual 570,000 sq ft experiential entertainment zone and additional 570,000 sq ft dedicated to Grade A offices, leaving the ultimate extent of the…