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People Richard And Victor Li Team Up To Revamp 1881 Heritage

Richard And Victor Li Team Up To Revamp 1881 Heritage

HDR created and tone mapped with easyHDR 3.12.2: [1] 20190108_House1881_755.tif, [2] 20190108_House1881_753.tif, [3] 20190108_House1881_754.tif
By Hong Kong Tatler
May 09, 2019
The two sons of billionaire tycoon Li Ka-shing, have collaborated to bring Hong Kong a new and improved 1881 Heritage, including the opening of House 1881

Tsim Sha Tsui's 1881 Heritage is arguably one of Hong Kong’s most visually impressive sites; formerly the Marine Police Headquarters building, it is now home to a charming boutique hotel and a shopping complex housing some of the world’s most luxurious brands.

Especially now that it’s undergone a major refurbishment—the result of an unexpected collaboration between Victor Li and Richard Li, the two sons of Hong Kong’s richest man, Li Ka-shing.

See also: Superman Retires: 5 Things You Didn’t Know About Hong Kong Tycoon Li Ka-Shing

Photo: Lumieres Hong Kong
Photo: Lumieres Hong Kong

Richard founded the telecommunications and financial conglomerate, Pacific Century Group, which includes the life insurance arm FWD Group.

Following his father’s retirement last year, Victor was appointed chairman of CK Asset Holdings, which has managed the 1881 Heritage complex since 2003, and transformed it into the stunning hotel and luxury shopping complex it is today.

In January, FWD acquired a lease for part of the complex from CK Asset, and they’ve spent the last couple of months revamping the hotel and five restaurants within the main building of 1881 Heritage, and rebranding Hullett House as House 1881.

The lease allows FWD to run the hotel and five restaurants in the main building of 1881 Heritage, while CK Asset will continue to operate other commercial businesses in the premises.

Victor Li, Ronald Arculli, Carrie Lam, Richard Li, Huynh Thanh Phong and Ken Lau Chi-kin (Photo: Courtesy of Catch On Co.)
Victor Li, Ronald Arculli, Carrie Lam, Richard Li, Huynh Thanh Phong and Ken Lau Chi-kin (Photo: Courtesy of Catch On Co.)

On Wednesday, May 8, Richard and Victor co-hosted an opening ceremony to celebrate House 1881 along with Hong Kong Chief Executive, Carrie Lam.

“The former Marine Police Headquarters is one of our city’s most timeless and famous landmarks. FWD understands the rare privilege we have in preserving this historic site for the community and future generations,” said Ronald Arculli, chairman of FWD Group, at the opening ceremony.

“As one of only 120 declared monuments of Hong Kong, I assure you FWD does not take this responsibility lightly. Our mission is to showcase House 1881’s historic value, enduring legacy and its unique charm to both locals and overseas visitors alike.”

See also: A New Era For A Heritage Icon: Introducing House 1881

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People Li Ka-shing Richard Li

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