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Flying Snow Limited, a subsidiary of Cheung Kong (Holdings) Limited, has been awarded the tender for the monument site of the former Marine Police Headquarters (MPHQ) in Tsim Sha Tsui, on a 50-year land grant at a tendered price of HK$352.8 million.

Artist's impression of the proposed development scheme for the site of the former Marine Police Headquarters. A Hong Kong Tourism Commission spokesman pointed out that this project represents the first time the private sector has been engaged to preserve and develop buildings of historic significance into a heritage tourism facility.

Representatives of the Antiquities Advisory Board and the Hong Kong Tourism Board were involved in the work of the Assessment Panel formed to examine tender proposals and offer expert advice on heritage preservation and tourism aspects.

The scheme put forward by Flying Snow Limited envisaged the conversion of the main building of the MPHQ into a heritage hotel. There will be food and beverage outlets and retail facilities. Tender conditions call for a completion date of March 2008, but the company’s proposal indicates that completion may be as early as the first quarter of 2007.

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