In February 2018, Chelsfield Asia Fund I in a joint venture with Pamfleet, acquired Provident Square, a neighbourhood shopping centre in Hong Kong.
One of the largest malls in North Point, it has a total gross floor area of 210,000 sqft split over 3 levels, and a 732 ft front on Wharf Road.
The opportunity is to transform the undermanaged mall into a modern and aspirational shopping centre. Large-scale refurbishment works will be carried out which will improve the visibility, accessibility and circulation of the podium and therefore attract more visitors and better-quality tenants.
Chelsfield has appointed the award-winning design studio Lead8.