--- title: "Central Waterfront Tender Lease Extended to Five Years with Increased Regulatory Requirements" type: "News" locale: "en" url: "https://longbridge.com/en/news/271584778.md" description: "The Development Bureau announced a public tender for a new lease of the Central Waterfront Activity Space, with the bidding period ending on February 13 and expected to be awarded before April, for a lease term of five years. The new lease will optimize the management model, increase the diversity of activities, and enhance visitor experience. The tenant must provide permanent dining facilities and ensure that public activities are held on 30% of the days each year. In addition, unused spaces must be open to the public" datetime: "2026-01-06T01:19:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/271584778.md) - [en](https://longbridge.com/en/news/271584778.md) - [zh-HK](https://longbridge.com/zh-HK/news/271584778.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/271584778.md) | [繁體中文](https://longbridge.com/zh-HK/news/271584778.md) # Central Waterfront Tender Lease Extended to Five Years with Increased Regulatory Requirements The Development Bureau stated on Monday (5th) that the Lands Department is publicly tendering for a new lease for approximately 3.7 hectares of waterfront event space in Central, with a bidding period of about six weeks ending on February 13. The new lease is expected to be awarded before April and will commence in July for a duration of five years. The current lease will end on June 30. A spokesperson for the Development Bureau indicated that the government has always achieved numerous large-scale events and created branded activities through a management model where external organizations lease the event space, such as the Hong Kong Wine & Dine Festival, Art Central, and Clockenflap Music & Arts Festival. This tender will retain this management model but will optimize it in two aspects to further unleash the potential of the event space, promote the event economy, and enhance venue management to improve visitor experience. First, the Development Bureau has optimized the lease terms to encourage the leaseholder (the successful bidder of this tender) to make good use of this prime event space and arrange a richer series of activities. The bureau consulted the Harbourfront Commission last year on optimizing the terms and received support from the members. Relevant terms include that this tender will continue to adopt a "two-envelope system," but the scoring weight of the technical proposal will increase from the previous 40% to 70%, while the price proposal will only account for 30%. The technical proposal will consider not only the diversity of activities and their ability to enhance waterfront vitality but also the attractiveness of the activities to visitors, in order to continue supporting the event economy. The fixed term of the new lease has been extended from three years to five years, encouraging leaseholders to make long-term investments and plans to provide quality activities; leaseholders must start providing at least 100 square meters of permanent dining facilities in the waterfront promenade area adjacent to the leased land within one year of the new lease commencement, which should not only coordinate with on-site activities but also provide convenience for waterfront visitors when there are no events; and they must continue to hold at least about 30% of the days each year for activities open to public participation. Additionally, to prevent the venue from being underutilized during periods without events or when events are relatively small, if there is no activity or rental in at least about one-third of the event space for three consecutive days or more, the leaseholder must open that part of the venue for public use free of charge, allowing the public to engage in various leisure activities. Second, this tender includes terms that strengthen the leaseholder's supervisory role over future event organizers and establish a regular communication warning mechanism, allowing the Development Bureau, as the venue owner, to intervene in a timely manner. The Development Bureau previously (on the 22nd of last month) introduced similar terms for the tender of the Hung Hom waterfront event space, including a clear requirement that leaseholders must assess the background, event organizing capability, and feasibility of applicants before accepting venue rental applications from event organizers, and submit assessment reports to the Development Bureau on time; leaseholders must closely monitor the event preparation process, such as whether the event arrangements comply with the original proposals, whether licenses/permits can be obtained on schedule, and ticket sale arrangements, and report to the Development Bureau in a timely manner; and it is stipulated that leaseholders and event organizers must hold a tripartite meeting with the Development Bureau before the event to establish the final situation and arrangements The spokesperson pointed out that the tenant must implement activities and manage the venue according to the technical proposals committed in the tender. The new lease will introduce a clause stipulating that if the number of days the tenant rents the venue for events each year does not meet the committed number of days, they must pay a compensation amount to the government (i.e., an amount equal to 10% of the monthly rent for each day less). 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