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NEW WORLD DEV: K11 MUSEA to Refresh 30%+ of Retail Area w/ 60+ Brands Making Debut; WELLSPRING in SZ to Launch 300 Units This Quarter
2026-04-01 10:58:54 NEW WORLD DEV (00017.HK) said that its K11 MUSEA is currently undergoing a brand portfolio expansion, refreshing more than 30% of its retail area, with over 60 brands marking their K11 MUSEA debut. Upon completion of this year's brand portfolio expansion, rental income for the upgraded retail area is expected to record double-digit YoY growth. As for its Chinese Mainland business, the Group's first large-scale city-industry integrated project in Shenzhen, New World 188, was officially unveiled last month. The project has a total gross floor area of approx. 9.7 million square feet. It encompasses over 2.3 million square feet of office space, more than 10 residential towers, a themed shopping street, a kindergarten, a comprehensive health service center, a cultural event centre and a large underground car park. The first phase of the residential project, named WELLSPRING, consists of four residential towers with over 1,140 units. It focuses on larger three- to five-bedroom units with saleable areas ranging from approx. 820 to 1,940 square feet. Approx. 300 units will be launched in its first batch this quarter. ~ AASTOCKS Financial News Website: www.aastocks.com | |