HK Mall Gets $1 Billion Upgrade With Help From Hermes, LVMH
- Hongkong Land partners with 10 brands to revamp Landmark
- Tenants like Chanel, Prada to have bigger, multi-story stores
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Hongkong Land Holdings Ltd. and retail tenants including Hermes and Louis Vuitton will invest $1 billion to revamp the developer’s high-end mall in Hong Kong in a vote of confidence in the city’s luxury retail industry.
The plan to upgrade Landmark, Hongkong Land’s flagship retail space in Central, will create multi-story maison-style stores for 10 tenants, who will see their total shop space double, according to the landlord. It will include new restaurants.