Viewpoint | Adaptive Spaces

Hong Kong Viewpoint - Brownfield land resumption in the Northern Metropolis: What does it mean for industrial real estate?

March 13, 2024 20 Minute Read

brownfield cover

Looking for a PDF of this content?

As part of the government’s long-term development plan for Hong Kong, the coming years will see the transformation of the northern part of the New Territories into a world-class innovation and technology (I&T) hub known as the Northern Metropolis. This project will take two decades to be completed and will require existing brownfield users to be relocated to facilitate high-rise and infrastructure development. Innovative solutions to accommodate the real estate needs of relocating brownfield site users will create significant opportunities for existing and future industrial building owners.