Spanning more than 1.6 million square feet on the New Central Harbourfront, the project is poised to become the city’s most sustainable district, with Phase One scheduled to launch in 2027 and Phase Two to follow in 2032. Centered on a concept of “The Bridge,” Central Yards takes the form of a 400-meter “groundscraper” running parallel to Victoria Harbour, linking Central’s commercial core with a new generation of public space.

More than 700,000 square feet of premium office and ancillary space anchors the development, including the largest office floorplates in Hong Kong’s CBD. Demand has been strong, with over 70 percent of Phase One office space already pre-leased, reflecting a broader shift in occupier priorities. “If you do not have top ESG standards, many U.S. and European companies will simply rule out your building,” said Andrew Fung, executive director and chief financial officer of Henderson Land.

Sustainability is integral to both the physical and commercial logic of the project. Central Yards incorporates Central’s largest sky garden—an elevated green landscape stretching roughly 300 meters and covering around 160,000 square feet—within a wider network of more than 300,000 square feet of open space. Designed to improve microclimate through airflow and natural light, the district is planted with hundreds of trees and plant species.

A smart façade system delivers energy efficiency, while the use of recycled materials and advanced energy technologies support long-term resilience. The development has secured or registered for nine leading global green and smart building certifications, including BEAM Plus, LEED, WELL and WiredScore. “You may pay slightly more in construction costs, but its enhanced marketability and leasing advantage make the investment worthwhile,” Fung said.

Beyond offices, Central Yards is envisioned as a vibrant cultural and lifestyle destination. More than 300,000 square feet of retail space introduces a promenade-led, indoor–outdoor concept, complemented by event areas designed for markets, performances and seasonal programming.

Its cultural anchor will be Hong Kong’s only private Broadway-caliber theater, seating over 1,100 guests and built to international production standards.

Developed by Henderson Land, Central Yards reflects confidence in Hong Kong’s next phase of growth. “I’ve become more optimistic this year,” Fung said, pointing to the return of global capital, stronger financial activity and renewed interest from international institutions.

In that context, Central Yards represents more than a project—it is a long-term platform for Hong Kong’s evolving role on the global stage.