Hongkong Land unveils $1b investment in prime shopping mall

Property developer Hongkong Land on Wednesday announced an investment of more than $1 billion over the next three years in a prime shopping mall in the heart of the city’s financial district. Hongkong Land, which is 53.3% owned by Jardine Matheson, said it planned to invest $400 million in the project, with an additional $600 million coming from tenants.