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A New Central for a New Decade

Colliers International and Walk DVRC share vision to promote a healthier and more inclusive Hong Kong by establishing a Business Improvement District in Central

6 January 2020: This week, Colliers International (Colliers) and Walk DVRC Ltd. will co-host a closed-door, invite-only discussion on how the success of Business Improvement Districts (BIDs) in leading world markets such as London, New York and Singapore can inform and inspire the creation of a Business Improvement Zone (BIZ) in Hong Kong’s Central district to promote the economic vibrancy, social cohesion and environmental health of the area.

Currently, Hong Kong’s Central Business District is deteriorating. Choked with traffic and lacking in basic amenities, the area is becoming less accessible and attractive to pedestrians. Business owners, developers and the government are facing increasing pressure to revitalize the area and improve its connectivity and walkability. The Forum for a New Central: Creating Hong Kong’s First Business Improvement District is intended to stimulate cross-industry desire for and dedication to establishing a business association and steering committee that could drive the formation of a BID or a BIZ in the near term.

Nigel Smith, Managing Director, Hong Kong at Colliers said: “I’m delighted to have such a proactive partner as Walk DVRC and share in their vision of what is possible for Hong Kong’s future as a healthier and more inclusive place to live and work. A Business Improvement Zone in the Central district specifically would help to accelerate the realisation of this vision, as well as the success of our clients and people, which is a core part of our mission at Colliers.”

Markus Shaw, Board Chair, Walk DVRC, said, “We welcome this opportunity to engage with the public and private sectors to further the goal of creating a more liveable and vibrant city. Walk DVRC partners with like-minded organisations including the government, local retailers and the community on a series of placemaking and pedestrianization initiatives that start with Des Voeux Road Central. We are pleased to be working with Colliers on this important project for the betterment of Hong Kong.”

For further information, please contact:

Colliers International
Jess Shak

Email: jess.shak@colliers.com

Walk DVRC Ltd.
Stephanie Wong

Communications Manager
Email: stephanie@walkdvrc.hk