New World Development Achieves 70% Occupancy at Kowloon West Office Landmark
Reuters
Oct 30
<a href="https://laohu8.com/S/NWC.AU">New World</a> Development Achieves 70% Occupancy at Kowloon West Office Landmark
New World Development Company Limited announced strong business results in its latest update. The Group's Grade A office landmark at 83 King Lam Street in Kowloon West has reached approximately 70% occupancy, with over half its tenants being multinational corporations. AECOM, a global infrastructure consulting firm, leased 120,000 square feet for its Asia headquarters, marking the largest Grade A office leasing deal in the district since the pandemic. The company achieved the highest five-star rating in the 2025 Global Real Estate Sustainability Benchmark (GRESB), receiving perfect scores for corporate governance, reporting disclosure, risk management, and stakeholder engagement. New World Development continues to be ranked among the top 15% of the global real estate industry and is included in the S&P Global Sustainability Yearbook. In the Chinese Mainland, the Group's K11 properties posted record sales during the National Day and Mid-Autumn "Super Golden Week," with overall sales rising 23% year-on-year and jewellery and gold categories jumping 45%. The Hanxi K11 Art Mall in Guangzhou attracted 700,000 visitors in its opening week, and several residential projects, including NEW METROPOLIS MANSION and Shenyang THE PARKSVILLE, reported leading sales performance in their respective districts.
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