11 Skies

11 Skies is a large-scale tourism and retail development project in Hong Kong, originally developed by New World Development and now taken over by the Hong Kong Airport Authority to be reshaped as a high-end tourism landmark.

Why it’s in the news: It is in the news due to the contentious termination of its development agreement with New World Development, which resulted in a significant financial loss for the company and a strategic shift for the Airport Authority.

Latest on 11 Skies

• Hong Kong Airport Authority to reshape 11 Skies as a high-end tourism landmark
• Cutting New World ties over 11 Skies averts ‘lose-lose’ deal: Airport Authority
• New World shares swing from gain to loss as investors weigh 11 Skies exit
• Return of 11 Skies project to Airport Authority will spur hub development: experts
• New World Development posts HK$26.8b loss after 11 Skies termination
• Hong Kong airport authorities will take back the 11 Skies mall project from developer New World Development (NWD) on June 30, 2024.

Connections

4 entities linked to 11 Skies across the news graph.