Chinese property billionaire Adrian Cheng, VC of New World Development, has launched his latest art and culture destination. Victoria Dockside on Hong Kong's waterfront covers three million sq ft and has been 10 years in planning. The project cost $2.6bn and the site is now valued at $10bn-$12bn. Cheng opened his first art mall concept in 2009, combining shopping with art. He took the idea to four more cities, including Shanghai, where his K11 centre has featured exhibitions from Monet to Dali. In a recent interview with Bloomberg Businessweek, he said that while there was no shortage of new museums around the world, it would be hard for any one museum to compete against the scale of the Gugg@@
Chinese property billionaire Adrian Cheng, VC of New World Development, has launched his latest art and culture destination. Victoria Dockside on Hong Kong's waterfront covers three million sq ft and has been 10 years in planning. The project cost $2.6bn and the site is now valued at $10bn-$12bn. Cheng opened his first art mall concept in 2009, combining shopping with art. He took the idea to four more cities, including Shanghai, where his K11 centre has featured exhibitions from Monet to Dali. Cheng's ethos is "to create an ecosystem of carefully curated elements of art and culture".