Trending News: Karuppu Box Office Collection Day 6: Suriya Starrer Continues To Hit Double-Digit Mark, Enters ₹100 Crore Club In IndiaIsraeli parliament votes to advance bill to dissolve Knesset, paving way for early electionsIPL 2026 | Deepak Chahar mocks viral ‘chit celebration’ with hilarious no-chit act during KKR vs MI match – WATCH | Cricket NewsSatellite-tagged Amur falcons returning from Africa, set to cross IndiaHours Before Drishyam 3 Release, Jeethu Joseph Admits To Major ‘Mistake’ He Made In Mohanlal StarrerDavid Lammy unveils reforms to reduce youth jail terms and protect vulnerable children in the UKWTC standings: Bangladesh overtake India after series sweep over Pakistan – all you need to know | Cricket NewsWhat is the best way to get to the moon from the earth?‘People Said He Had Some Illness…’: Dragon Director Prashanth Neel Opens Up About Jr NTR’s Body Transformation Amid Trolling Over ‘Sickly’ LookIndian realtor in New Zealand says neighbour urinated on fence, egged cars: ‘My family and I have…’Growth vs Reality: Inside the Tensions Facing APAC’s Top MarketersIPL 2026: What happens if Kolkata rain washes out KKR vs MI at Eden Gardens? | Cricket NewsWhy has the WHO declared a PHEIC over the Ebola outbreak in Africa ?Chand Mera Dil Box Office Prediction: Ananya Panday-Lakshya Starrer To Open Better Than Pati Patni Aur Woh Do As Advance Bookings Witness Good Trend‘I’m in no hurry’: Donald Trump says US will ‘give one shot’ to peace talks with Iran after threatening to attackMohammed Shami cleared in Rs 1 lakh cheque bounce case filed by estranged wife Hasin Jahan | Cricket NewsCan India’s waste solve its energy crisis? 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Britain’s Deputy Ambassador to US abruptly leaves post in WashingtonPakistan’s Salman Agha loses cool, faces ICC’s punishment after whitewash against BangladeshSlow consumption is the new coolHow Modi has celebrated his birthdays with welfare schemes – FirstpostViral Video: Jr NTR Rings In Midnight Birthday Celebration With Fans Outside His Residence After Dragon First Look RevealLorna Hajdini files defamation lawsuit against Chirayu RanaChina’s Top Numerical Control rides investor fervour for aerospace to 80% IPO gainIPL 2026 | ‘I won’t leave MI unless … ‘: Tilak Varma drops major Mumbai Indians future hintRevisiting India’s entry onto the nuclear stageHow NCP leader rose from uncle Sharad Pawar’s shadow and changed Maharashtra politics – FirstpostMom-to-be Deepika Padukone Wraps Up Another Professional Commitment After King Shoot In Cape Town, Video Goes ViralAs hunger ravages Afghanistan, families ‘sell’ young daughters for foodChina’s private equity activity picks up as investors focus on tech and AI opportunitiesBig boost for RCB! Phil Salt set for return ahead of IPL 2026 playoffsImproving efficiency of fertilizer use in IndiaPinarayi Vijayan, Himanta Sarma & more… Key battles to watch out for – FirstpostJr NTR Look In Dragon: Ayan Mukerji And YRF Face Brutal Trolling After Prashant Neel Directorial’s First Glimpse, Here’s WhyStandard Chartered CEO’s remark sparks outrage as bank plans job cuts in India, other hubsWhy is Chinese DRAM maker CXMT’s IPO attracting so much attention?Virat Kohli’s honest admission on Indian Hockey players’ fitness standardsWhat is the Zwan-Wolf effect at Mars?Didi hatao? 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Phil Salt set for return ahead of IPL 2026 playoffsImproving efficiency of fertilizer use in IndiaPinarayi Vijayan, Himanta Sarma & more… Key battles to watch out for – FirstpostJr NTR Look In Dragon: Ayan Mukerji And YRF Face Brutal Trolling After Prashant Neel Directorial’s First Glimpse, Here’s WhyStandard Chartered CEO’s remark sparks outrage as bank plans job cuts in India, other hubsWhy is Chinese DRAM maker CXMT’s IPO attracting so much attention?Virat Kohli’s honest admission on Indian Hockey players’ fitness standardsWhat is the Zwan-Wolf effect at Mars?Didi hatao? 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Controversial streamer sparks backlash with ankle monitor videoWhy is Rajasthan Royals captain Riyan Parag not playing against LSG in IPL 2026 match?What happened between Adin Ross and Anthony Fantano after Drake mentioned the streamer in Iceman lyrics?Nio slams EV price wars in China as costs surge, defying cuts by rival Li Auto‘Yeah… Mohsin’: Rishabh Pant and Ian Bishop’s hilarious toss chat on Mohammad Shami during RR vs LSG goes viralTikToker Gabbie Gonzalez reportedly planned murder-for-hire attack on Jack AveryHI president calls emergency meeting amid multiple sexual harassment complaintsQTCinderella lands CAA representation amid growing mainstream successWhy has Carlos Alcaraz withdrawn from Wimbledon 2026 tennis tournament?3 types of people should not come to US in 2026RR’s Vaibhav Sooryavanshi rewrites IPL record books, surpasses Travis Head to reach …What happened to Metronade? Beloved YouTuber Roger Moore reportedly dies suddenly at just 23Vaibhav Sooryavanshi scripts history, becomes first-ever Indian player to…Indian family of 4 completes 3 months in Texas ICE detention; 12-year-old bleeding in stool, his sister vomiting frequentlyVaibhav Sooryavanshi’s 93 keeps Rajasthan Royals’ playoff hopes aliveStraight from her Mercedes-Benz, woman falls into uncovered sewer holeVirat Kohli makes massive revelation
Wed. May 20th, 2026

Idle Hong Kong seafront site gets new lease of life from private equity firm MBK Partners

Idle Hong Kong seafront site gets new lease of life from private equity firm MBK Partners


A mega waterfront commercial site in Hong Kong’s Quarry Bay that has been left idle for nearly two decades by a now-bankrupt local businessman may finally be poised for a revival.

The current owner, Marine Riches, majority owned by Seoul-based private equity group MBK Partners, had applied to amend plans for the site to the Town Planning Board – a move that came amid signs of recovery in Hong Kong’s retail sector and property market.

Marine Riches proposed to build a mixed-use development focusing on culture and tourism alongside a residential project, according to the minutes of a meeting released by the Harbourfront Commission on Friday. The meeting was aimed at seeking views of commission members on a section 12A application, which is used to propose changes to land use.

The seafront site, comprising two plots totalling 91,838 sq ft on Hoi Yu Street, has undergone multiple planning revisions since the early 2000s. The plots were acquired for HK$1 billion (US$128 million) in June 2024, according to Land Registry records.

Marine Riches proposes to build a mixed-use development focusing on culture and tourism alongside a residential project. Photo: Handout
Marine Riches proposes to build a mixed-use development focusing on culture and tourism alongside a residential project. Photo: Handout

The plots were originally approved as industrial lots in 2001, with the first landlord, Fine Tower Associates – an entity connected to Pacific Concord Holdings – securing approval to construct a 25-storey industrial building, according to official records.

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