Hongkong Land
In 1976, Hongkong Land, the developer of the adjacent Connaught Centre (now Jardine House), approached the Urban Council and offered to help fund construction of the square. The company procured a preliminary layout plan and selected the Henry Moore sculpture. On 17 September 1976, the council agreed to proceed with project on a joint venture basis with Hongkong Land. Hongkong Land funded about 25 per cent of the project and retained ownership of the sculpture, while the council covered the remaining cost and managed the space following completion.