NEW WORLD DEV (00017) Secures HK$5.9 Billion Loan Financing with Victoria Dockside Property as Collateral

Stock News

Sep 25

NEW WORLD DEV (00017) announced that on September 25, 2025, certain members of the Group (as borrowers and/or obligors) entered into a financing agreement with Deutsche Bank AG (as arranger, original lender and agent) and others. Under the financing agreement, certain members of the Group will be provided with a term loan facility of up to HK$5.9 billion, with an initial commitment portion of up to HK$3.95 billion, for the Group's general financing activities. The financing is or will be secured by a first-priority mortgage on the property named "Victoria Dockside" (comprising five major components: "K11 ARTUS", "K11 ATELIER", "K11 MUSEA", Rosewood Hotel Hong Kong, and certain parking facilities) and assets related to Victoria Dockside. Meanwhile, the Group retains the ability to use Victoria Dockside as collateral to obtain additional financing to support the Group's ongoing business needs.

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Under the financing agreement, certain members of the Group will be provided with a term loan facility of up to HK$5.9 billion, with an initial commitment portion of up to HK$3.95 billion, for the Group's general financing activities. The financing is or will be secured by a first-priority mortgage on the property named \"Victoria Dockside\" (comprising five major components: \"K11 ARTUS\", \"K11 ATELIER\", \"K11 MUSEA\", Rosewood Hotel Hong Kong, and certain parking facilities) and assets related to Victoria Dockside. 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