The Urban Renewal Authority (URA) announced on October 24, that a consortium, Southwater Hong Kong Limited, consisting of Wing Tai Properties Limited and CSI Properties Limited, has won the contract for the development of Site C of the Peel Street/Graham Street project.
The URA earlier invited a number of qualified property developers/consortia to submit tenders for the project following an Expression of Interest exercise. The URA received a total of nine tenders when the submission of tender closed on 9 October 2017.
The project is divided into three sites (Sites A, B and C) and is being implemented in phases. The site being put up for development is Site C bounded by Graham Street, Gage Street and Cochrane Street, covering a site area of about 2,685 square metres. Upon completion, it is planned to provide a gross floor area of not more than 40,275 square metres for office, hotel and retail purposes and to provide a public open space of not less than 1,310 square metres.
(Source: Urban Renewal Authority)
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