2 minute read
Festival Walk 又一城
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Kowloon Tong
Developer: CITIC Pacific & Swire Properties, now owned by Mapletree Architect: Arquitectonica Year Opened: 1998 Retail Space GFA: 91,000m 2
Turnover(June 2019)...........................................................HK$3,948Million Retail Occupancies(June 2019)............................................................100%
Bus and Taxi
Bus and Taxi MTR
Festival walk was a joint development by CITIC Pacific and Swire Properties, which was then sold to Mapletree Investments Pte Ltd, a leading Asia- Focused Real Estate Company for HK$18.8billion dollars. This was the world’s largest retail real estate deal in 2011.
“With the special design of combining natural light and open space, Festival Walk offers opportunities for business and pleasure, including over 200 retail stores and restaurants, a multi-screen cinema, one of Hong Kong’s largest ice rinks, over 220,000 sq”
-Festival Walk Website
Couched at the junction of a major subway interchange station and an important Hong Kong university, Festival Walk is a distinct mall in the Kowloon Area. The multiple storied mall caters to many audiences from mainland tourists to commuter to local residents.
Positioned as a “comfortable” middle-market mall with the emphasis on service rather than price, festival walk is a go-to location for upper and middle class resident in the Kowloon Tung area and beyond. Spacious anchors such as Agnes B were paired with bakeries and bistros to serve commuters as well as shoppers.
The mall integrate a dramatic difference in topography, resulting in multiple entrances and exits along its structure, some of which leads to the MTR line. There is also a six-story atrium as well as an indoor ice skating rink, which includes a large area of free seating for visitors, a rare sight in Hong Kong.
