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Old November 29th, 2009, 07:25 PM   #1021
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Old December 3rd, 2009, 05:22 PM   #1022
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By khchenghk from dchome :



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Old December 11th, 2009, 06:34 PM   #1023
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The talented Mr Cheng has designs on great malls of China
James Hall meets the Asian retail heir who aims to change the way we shop
19 October 2009
The Daily Telegraph

ADRIAN CHENG has a confident air about him as he strolls through the coffee bar of the luxury Chancery Court Hotel in London's Holborn, hands clasped behind his rod-straight back. He has every right to be assured - his family owns the place.

It also owns The Regent Beverly Wilshire hotel on Rodeo Drive, Beverly Hills, and the Ascaya in Las Vegas, to name but two outposts of the Cheng empire.

Mr Cheng is the third-generation heir of one of Asia's most influential business families. The family is ranked as the 112th richest in the world by Forbes, with a net worth of over US$7.7bn ( pounds 4.8bn). The dynasty owns a portfolio of companies including the Hong Kong-listed New World Development, one of the Far East's biggest retail, shopping mall and real estate businesses. Mr Cheng, aged 31, runs a bunch of them.

Dressed in a blue blazer with a patterned silk handkerchief bursting from the breast pocket, the flamboyant Harvard graduate looks every part the scion of a mega-rich family. While - as the truism goes - the first generation launch a company and the second generation build it up, the third generation evidently take posture lessons and dress as though they are at Henley.

But Mr Cheng - who has worked at Goldman Sachs and Credit Suisse - is far from an idle heir. Indeed, with his vast wealth, established domestic power base and expansive ambitions, the baby-faced executive is the embodiment of the new, young, China-led business world order.

And his is a name that we could hear much more about in the UK in the future.

Under Mr Cheng's full or partial control at present are the following; a chain of 870 Chow Tai Fook jewellery stores across Asia, 33 department stores in China, a retail investment company and a company that promotes sports development in China.

On top of this he has launched a luxury goods company to sell European brands in Asia (called Luxuba, which stands for Luxury By Adrian) and is opening a string of eco-friendly shopping malls in China. The first of these giant malls opens in December. It is this latest concept that Mr Cheng is here to talk about, not least because he is planning to open one in London in the future.

He is also in the UK to scout for retailers to put into the Chinese malls and, being the energetic, multi-tasking type, look at some properties "as a warm up activity'' to seeking a location for the London mall.

The company he has founded to build these malls is called K-11 Masterpiece. When the first K11 opens in Hong Kong later this year, he believes that Chinese consumers will have seen nothing like it. The idea is that the environmentally-friendly development - called Tsim Sha Tsui, or "The Masterpiece'' - will be part-shopping centre, part-art gallery, with offices and houses attached.

"Everything is so busy and so fast moving. There is no atmosphere in these places,'' he says. The centre will include a four-storey LED waterfall, and 18 massive windows showcasing local artists. Mr Cheng will add "energy and soul'' to the mall by exhibiting some of his own art collection in it.

A further 10 malls will follow on mainland China; in Beijing and Shenyang among other places. Mr Cheng claims that retailing is "boring''. He explains that it is about energy, nature, being hip and creating an "oasis in a city''. But it also about money. Lots of it. A small 816 sq ft apartment in The Masterpiece - smaller than a tennis court - has just sold for HK$24.5m ( pounds 1.9m or pounds 2,300 per square foot), the record for a one-bedroom flat in Hong Kong.

In rolling out these vast cathedrals to commerce, Mr Cheng is on a mission to take modern retail, up-to-the-minute design and brands to the Chinese masses. And then, in an example of inverse commercial imperialism, bring them back over here.

He has some far-out ideas. For example, the Shenyang mall will contain the world's biggest pet shop and its own basketball court. The centres will also have "urban gardens'' on the roof from which the mall's restaurants will be encouraged to grow the food that they serve.

One burning question springs to mind - are Chinese consumers ready for such high-concept shopping centres? It was, after all, only in the late 1970s that the Cultural Revolution ended and consumerism took root. When The Daily Telegraph visited Shenyang earlier this year, the city did not feel ready for 80ft fake waterfalls. In terms of store environments and consumer behaviour (this paper spent a long time observing how people shopped in supermarkets), the city appeared to be still finding its feet, commercially speaking. Isn't this all a bit high brow?

Mr Cheng insists that China is ready for his vision. "Chinese consumers are richer than they have ever been, and they are soon to become even richer. The farmers are going to the cities and the middle classes are emerging,'' he says.

He says that many shopping centres in China contain one good shop on the ground floor and then "rubbish'' on the floors above. He also points out that Chinese consumers are starting to emerge from the country's recent downturn. Phase two of the country's growth is about to kick off.

"The retail market was really bad in China in the first quarter. We had flat sales. Now there is low growth, and we will have exceptional growth in the next cycle, most likely after June 2010. After that there will be a big growth phase.''

When our interview is over Mr Cheng heads to Westfield, the West London shopping centre, to get some ideas for his own malls.

The future face of retail in China may be young and full of zany ideas, but with the backing of his family's billions and the opening of his first mall weeks away, this is the man who could shape millions of shopping habits in the world's most populous nation.
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Old December 11th, 2009, 08:07 PM   #1024
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So according to the above writer, TST is the name of the development not of the location. LOL.
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Old December 11th, 2009, 08:32 PM   #1025
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I was very surprised the Daily Telegraph gave so much room for this guy!
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Old December 13th, 2009, 07:13 PM   #1026
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First posted by Kaitak747 in : http://www.skyscrapercity.com/showthread.php?t=758794

K11
image hosted on flickr

image hosted on flickr

image hosted on flickr

image hosted on flickr

image hosted on flickr

image hosted on flickr

image hosted on flickr

image hosted on flickr

image hosted on flickr

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http://www.flickr.com/photos/[email protected]/
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Old December 14th, 2009, 12:13 AM   #1027
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Eh...
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Old December 14th, 2009, 06:41 AM   #1028
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Quote:
Originally Posted by spicytimothy View Post
Eh...
I like the exterior space connecting the 2 streets. That was well executed, but the interiors are nothing special.
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Old December 14th, 2009, 05:46 PM   #1029
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K11三大玄素

2009年12月14日(一)

6 storey-high shopping mall emphasizes at, people, and nature. A lot of Eastern philosophical elements were incorporated in the design, sure as fire, wood, and ground.

There are 19 artistic displays, with $20 million spent on works of art, emphasizing nature.


位於尖沙咀河內道,樓高六層、佔地34萬方呎,連接香港凱悅酒店及豪宅名鑄的K11藝術購物中心,強調「藝術、人文、自然」三大原生元素,原來當中蘊含了不少東方哲學的思想。於哈佛大學唸東亞文學及文化出身的鄭志剛表示,藝術好比「火」、人文則代表「木」,自然則寓意「土」,於中國「五行並生」概念中,正好是「土生木、木生火」。

K11內設置了19組藝術展覽窗櫥,並斥資2,000萬元購買了13件本地藝術家的作品,有關作品都以自然為主題。

K11又引入了有不同民族特色的餐廳如羅曼門島菜,以及不同具生活品味的商戶品牌和概念店。K11共擺放了100組樹,務求與文化休閒區天幕透入的陽光融合,讓人有置身都市綠洲的感覺。
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Old December 14th, 2009, 10:29 PM   #1030
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nevertheless, looks nice, i like the relatively tight spacing, which is at least something of a departure of huge malls that we're getting in HK.

For some reason the interior reminds me of the place by the harbour in TST, is it New World Centre?
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Old December 21st, 2009, 10:22 AM   #1031
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NWD sets US$1b for art malls
18 December 2009
The Standard

New World Development (0017) plans to invest US$1 billion (HK$7.8 billion) to open seven art malls _ shopping centers that feature art pieces _ in the mainland over the next five to seven years, said executive director Adrian Cheng Chi-kong.

The developer plans to expand the concept of art malls, after opening the first one, K11, yesterday in Hong Kong. The next K11 will open in Wuhan around June and another one will open in Shanghai in 2011, said Cheng.

Cheng expects measures by the mainland to cool the property market to have only a slight impact on NWD's mainland property unit, New World China Land (0917).

NWD executive director Stewart Leung Chi-kin believes Beijing may rein in mortgage loans. On Hong Kong property prices, Leung said a rise of 10 percent more is still acceptable.

NWD invested HK$3 billion in K11 in Hong Kong, Cheng said. The occupancy rate is 80 percent. The general retail area in the mall has been leased at more than HK$250 a square foot, while food and beverage rents are between HK$50 and HK$80 psf.

Average spending per customer is forecast at HK$1,700 to HK$1,800, Cheng said, adding that 65 percent of the shops are brands coming to Hong Kong for the first time.

The art mall displays 32 sets of art _ 13 sets were bought by NWD for HK$20 million and the rest are for sale.

The 340,000-square-foot six-story mall features a 36-meter wide giant curved wall that doubles as a projection screen, a 11.8-meter high waterfall and maple trees.

The mall is connected to the Hyatt Regency Hong Kong, Tsim Sha Tsui and residential project The Masterpiece.
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Old January 4th, 2010, 04:59 PM   #1032
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Old January 8th, 2010, 01:40 PM   #1033
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'Art mall' opens, but none of the works are for sale
18 December 2009
South China Morning Post

It is the new home for more than 100 shops selling a range of goods and more than 20 restaurants serving a variety of international cuisines. But there is one thing this shopping arcade, branded "the world's first art mall", does not sell - art.

K11 opened yesterday on the bottom six floors of The Masterpiece in Hanoi Road, Tsim Sha Tsui, a HK$3 billion project jointly developed by New World Development and the Urban Renewal Authority (URA). One of The Masterpiece's flats was sold for more than HK$30,000 per square foot in September.

The mall features a HK$20 million permanent collection of 13 works by local artists, as well as an exhibition called Hiking Arte, showcasing more than 20 pieces including installations, photographs and paintings by eight artists in eye-catching spots.

But none of the pieces is for sale. And there are no galleries selling art, either. During a press tour yesterday, the first thing introduced to journalists was not the art pieces exhibited in the 340,000 sq ft floor space; they were shown the shop window of jewellery store Chow Tai Fook.

When asked why K11 called itself an art mall, why it had no art galleries and how it differentiated itself from other shopping malls such as Times Square or Langham Place, which have been commissioning local artists, neither K11's marketing department nor public relations agency returned calls.

A URA spokesman said the authority was only responsible for acquiring the land and monitoring property sales; New World Development was in charge of the mall's development and marketing. He said the authority imposed no restrictions on how much space was for art.

"However, we are planning to make use of the locations co-developed with our joint-venture partners, such as Langham Place and New Millennium Plaza, to promote the local art scene. We are still exploring the details but we are planning for events taking place during the first quarter of next year," the spokesman said.

Nevertheless, artists exhibiting at K11 still have big ambitions for the future and hope the mall can live up to its reputation in the long run.

Man Fung-yi, whose sculptures are among the permanent collection, appreciated the mall's focus on the local art scene and the developer's dedication to art.

She believed that a greater variety of stores, such as more arts- and culture-related stores, would be possible in the mall eventually.

Renowned young painter Lam Tung-pang, who has four pieces exhibiting on the mall's top level, said it was a good start for a mall focusing on Hong Kong art.

He said he enjoyed working with the mall through a curator, which was a system different from that adopted by other malls.

"This is definitely a new trend," Lam said, adding that the government was showing increasing support for arts and culture. He also hoped for a fine-tuning of tenant mix in future, such as more shops devoted to arts and culture.
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Old January 18th, 2010, 07:23 PM   #1034
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1/9





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Old January 19th, 2010, 11:27 AM   #1035
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thanks for the update. this buildings has grown on me, in the beginning i didn't like it so much...
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Old January 28th, 2010, 05:28 PM   #1036
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By simanchan from dchome :

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Old January 31st, 2010, 03:49 PM   #1037
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31/1

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Old February 3rd, 2010, 05:03 PM   #1038
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iZAiask,
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Old February 3rd, 2010, 06:14 PM   #1039
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anyone else find this artifical city familiar? from caprica, new tv show

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Old February 3rd, 2010, 07:26 PM   #1040
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A feature from a local magazine :











Source : Weekend Magazine
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