One Taikoo Place rents up to $ 60

Formerly one of Hong Kong’s factories concentrated in Quarry Bay, since the Tai Sugar Factory was shut down in 1976, the area has been transformed into the most important business district in Hong Kong for decades. Swire Properties (1972) For the Taikoo Square Phase 2 large-scale redevelopment project, the three factories in the district to rebuild into two Class A commercial buildings, and then match the green rest of the garden, which commercial floor in recent years, the largest supply of Hong Kong Island East, the developer is now receiving one of the rent The commercial floor of the building is worth more than 50 to over $ 60 and is expected to be rented by one third of the floor at the end of the year.

Swire Properties office director DON TAYLOR (chart) said the reconstruction project has started, with One Taikoo Place offering about 1 million square feet of commercial floor (about 22,000 square feet per layer) and is expected to be completed in 2018 and is currently accepted And to attract a number of professional service agencies moved from Central to Quarry Bay, in addition to Prudential Insurance, Fu Wei insurance, as well as international law firm such as rich and law firm, the British law firm and the British lawyers and other firms The

Burberry Gucci and other luxury brands will be settled

Another world famous luxury brand Burberry, Gucci, its office building is also expected to be implemented by the Causeway Bay moved to Taikoo Square.

Don TAYLOR said, One Taikoo Place is renting a level of more than 50 to more than 60 yuan, is expected to be the end of the year can be rented into three floors, that is, more than 330,000 square feet. Data show that the current Taikoo Square occupancy rate of up to 100%, the overall average rent of 40 yuan in the level; in other words, One Taikoo Place rent, more than the former more than three percent.

The rent level is over 30% higher than the Taiyuan Square

In fact, the total amount of investment is expected to be up to $ 15 billion. The Taikoo Square redevelopment project will create two Grade A commercial buildings: One Taikoo Place and Two Taikoo Place, providing a total of about 2 million square feet of commercial floor, expected to be in 2018 and Completed in 2021. In addition, the reconstruction plan also includes the construction of two new 70,000 square feet of green resting garden, by the design of London Hyde Park Diana Princess Memorial Fountain London landscape design company Gustafson Porter surgeon; another 115,000 square feet Surface for non-office buildings such as catering, retail, recreational and leisure facilities.