HKL announced “Tomorrow’s CENTRAL”, its upcoming plan to invest over US$400 million (HK$3.1 billion) on expanding and upgrading its LANDMARK retail portfolio over a three-year period. Phase one will commence in the third quarter of 2024. Additional capital investments estimated at US$600 million (HK$4.7 billion) will be made by Hongkong Land’s retail tenants across the LANDMARK portfolio in the design and creation of new offerings.
The Group has set specific sustainability ambitions for the transformation project with extensive use of green building materials. This includes employing 100% low-carbon concrete, 100% green rebar and 100% sustainable timber. Additionally, 80% of construction plants and equipment used in the project will be electric to help reduce carbon emissions.
Upon completion, LANDMARK aims to secure several of the highest environmental, health and safety and wellbeing certifications including BEAM Plus Interiors, LEED Commercial Interiors and WELL, making it one of the greenest property upgrades in Hong Kong.