Following the launch of its US$1.4 billion flagship project in Shenzhen last month, Hong Kong developer K11 has announced its partnership with Amoy Transit Rail to build the first K11 Select Art Mall in Fujian.
The five-storey 1.02 million sqft shopping precinct will form part of the 6.35 million sqft Xiamen WuyuanBay Wetland Park Transit-Oriented Development project that consists of a mix of office buildings, homes, hotels, and other facilities expected to open in late 2025 or early 2026.
K11 says Amoy Transit Rail, a financing and construction enterprise owned by Xiamen City, will be a key player in the entire development project in order to create the general layout of a new community. Residents will be able to walk among the residential buildings, commercial buildings, and K11 Select Art Mall using the railway’s connections.
“With the mission to introduce a visionary retail concept infused with art, culture and commerce to the general public, K11 Select … is an energetic ‘cultural sandbox’ which will connect cultural and art enthusiasts in both the physical and digital worlds and even the Metaverse,” said Jack Wu, brand GM at K11 Group.
“Xiamen has developed rapidly in recent years, benefiting from its rich historical-cultural background. With the establishment of K11 Select, we hope to incorporate an unexplored city outlook into the local perspective and create a must-see cultural retail landmark, in cooperation with the WuyanBay Wetland Park TOD project.”
K11 says it wants to expand into more Mainland Chinese cities and by the end of next year, the group plans to launch 10 commercial management projects. It currently operates in six Greater China cities, including Hong Kong, and will have a presence in 10 by 2026.