A winning bid involving Henderson Land Development to operate a major Hong Kong harbourfront event space has expanded the developer’s footprint in Central to three prime locations, a situation that experts have said could result in greater accessibility and more visitors from surrounding commercial properties.

Central Grand, a 50:50 joint venture formed by Henderson and concert organiser YW Company – commonly known as “Yiu Wing” – recently won the tender to operate the 3.7-hectare (9.1 acres) Central Harbourfront Event Space for five years starting July 1.

The developer already has a substantial footprint in the city’s core business district.

In addition to managing the International Financial Centre (IFC), Henderson in 2021 secured the district’s last major plot – a site dubbed “land king” – to go on sale.

The site is being developed into the Central Yards retail and office space, with the first phase expected to open in 2027 and the second to be completed in 2032.

Yiu Wing, meanwhile, manages AXA Wonderland in the West Kowloon Cultural District and AXA Dreamland at Go Park Sai Sha in the New Territories.