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February 9, 2011

Lan Kwai Fong to develop shopping mall in Guangzhou
Lan Kwai Fong Holdings, the developer of Hong Kong's iconic stretch of bars and restaurants, will expand into Guangzhou to tap growing domestic consumption.
     As many as 70 bars and restaurants will be opened in a 148,000 sq m shopping mall in Guangzhou later this year, according to the company. The "Mall of the World" project will be a joint venture with the government and have 400 shops.
     Lan Kwai Fong in Hong Kong's central business district contains more than 100 restaurants and bars. A two-year redevelopment plan of the stretch, which includes building a 28-stoery block with terraces on every floor for smokers, is expected to be completed by 2013.

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