26/1/2018-9

Commercial Building, 133 Wai Yip Street two floors 22 yuan leased

Rental of shared work space continued to thrive. Regus, a business center, hired two floors of 133 Wai Yip Street, Kwun Tong, for a lease of about $ 22 for a shared work space.

According to market information, 133 Wai Yip Street, Kwun Tong recorded rental transactions involving two floors of the property with a total area of ​​about 28,000 square feet and a lease cost of about $ 22 per square foot. As this building is an activation project, the rent level is slightly lower than that of the same area.

Regus rental business center

Sources said the new tenant Regus business center, the brand in recent years to open up a common work space business, the two leased two Kwun Tong floor, it is estimated for the same work space. Regus has aggressively expanded in recent months, including the leasing of two floors of brand new commercial space at 700 Nathan Road, Mongkok, a subsidiary of Link (00823), and the lower ground floor of Phase 3, Lee Gardens, Causeway Bay.

133 Cheung Yip Street, formerly known as Cheung Fai Industrial Building, in 2013, GV Capital purchased for $ 930 million and was activated into a commercial building in 2016 to complete the conversion project. The 3rd to 12th floors of the property are office buildings, with nearly 15,000 square feet of floors on each floor. The quality of the converted buildings has been greatly improved, with little difference from the commercial buildings. In the middle of last year, Silk Road, a foreign-funded fund, bought about 50% of the property ownership of the building with a total gross floor area of ​​about 190,000 square feet and a 50% ownership interest in Silk Road. The price is about $ 10,000 .

The shared workspace continues into the mainstream of the commercial rental market. Recently, Hong Kong Island kills East Kowloon. Advertising spots on the 25th and 26th floor top floors of Two Harbor Square in Kwun Tong (00016) and Wang (00099) With a total gross floor area of ​​55,000 square feet and rented by a shared workspace company, Nubu, at $ 30 per sq ft.