Clifford Chance advised Kai Tak Sports Park, a consortium comprising of New World Development and its subsidiary NWS Holdings, on its award of a 25-year contract to design, build and operate the Kai Tak Sports Park for a sum of HK$29.99 billion ($3.8 billion).

According to the Hong Kong government, the Kai Tak Sports Park is the “most important investment in sports infrastructure in recent decades. When completed, it will become the biggest sports venue in Hong Kong.” 

Occupying 28 hectares in the north apron area of the former Kai Tak International Airport, the sports park will house a 50,000-seat stadium with a retractable roof and an indoor sports centre. Besides sports and leisure facilities, the Kai Tak Sports Park will also include commercial facilities and extensive public open space.

The Clifford Chance team was led by partners Frank Yuen, Dauwood Malik, Matthew Buchanan, Virginia Lee, Luke Grubb and Clara Tang. 

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

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