Taikoo Place a lease more than half rent per square foot 50 yuan
Some past tenants in the core commercial and commercial sub-districts have rented non-core commercial and residential areas in recent years. Swire Properties (1972) Spent 15 billion yuan on Taikoo Place redevelopment project, of which Taikoo Square Grade A office building a flat yesterday, will be completed in the third quarter of this year. Don Taylor, director of Swire Properties’ office building business, said that a floor at Taikoo Place, which ranges from about $ 50 to $ 70 per square foot, has now been chartered by more than half of multinational corporations.
A total floor area of 1 million sq ft in Taikoo Place is occupied by tenants including Baker McKenzie, an international law firm and facebook, a social media agency, which each occupy 100,000 square feet. The second block of TaiKoo Place is expected to be completed in 2021. Taylor said there are fewer commercial buildings in the Central District, but many Chinese enterprises have strong rental demand. It is expected that more tenants will move away from the traditional core business districts in the future.
Wong Chuk Hang commercial completion of the end of the proposed price of 20 yuan foot
Swire Properties chief executive Baide Deli said the future property market depends on the rate hike in Hong Kong, Hong Kong property market demand is strong, the outlook is still optimistic. The other Group A building with 28 storeys in Wong Chuk Hang, with a total gross floor area of nearly 400,000 square feet and a floor area of about 15,000 square feet, is expected to be completed in the fourth quarter of this year with an intention of leasing between 20 and 30 yuan.
In addition, Wing Tai Properties (0369) announced that the Group sold through its sales company a total of $ 2,804.8 million in WSquare, Hennessy Road, Wan Chai, covering office and retail space with a total gross floor area of approximately 128,600 sq ft and a fare price of $ 22,152. The Purchaser is an overseas registered company, Top Sincerity Limited and is guarantor of “Leasing King” Wing Lun Holdings Limited. The circular also pointed out that the transaction is expected to receive 1.06 billion yuan Wing Tai earnings.