Cheung Kong (Holdings) Limited wins URA Project for Site B of Peel Street/Graham Street in Central
The Urban Renewal Authority (URA) today (Monday) announced that King Century Investments Limited, a wholly-owned subsidiary of Cheung Kong (Holdings) Limited, has won the contract for the development of Site B of Peel Street / Graham Street project in Central by public tender.
The project comprises a total of three sites known as Site A, Site B and Site C for phased implementation. The first phase, Site B, is bounded by Peel Street, Gage Street and Graham Street covering a site area of about 1,690 square metres. It is planned that Site B will provide a maximum gross floor area of about 17,790 square metres for residential and commercial purposes, together with the provision of public open space.
Cheung Kong (Holdings) Limited is one of the eight tender submissions received for the above development project. The URA Board after careful consideration of all the tender submissions agreed that the offer made by Cheung Kong (Holdings) Limited met all the tender requirements and represented the best benefit to the Authority.
A spokesman for the URA said the Authority was pleased to have the opportunity to implement the project with Cheung Kong (Holdings) Limited, which has solid experience in delivering quality developments in Hong Kong.