3 Aug 2022

Media:

Hong Kong Economic Journal

Hong Kong Economic Times

Ming Pao Daily News

The Standard

Two Taikoo Place's pre-leasing rate approaches 50%

Two Taikoo Place, which is slated to open before the end of 2022, has attained a pre-leasing commitment of close to 50%. According to a press release issued by Swire Properties, a bank has confirmed to lease over 150,000 sq ft of office space, accounting for almost 20% of the building's lettable area. This deal is one of the largest office lease transactions on Hong Kong Island in recent years.

Don Taylor, Director of Office at Swire Properties, noted that the Company welcomes a host of new tenants to Two Taikoo Place, which will make a fantastic contribution to the vibrant Taikoo Place community. He added that the COVID-19 pandemic has changed the way people work, with more companies focusing on the health and well-being, as well as productivity of their employees when they consider office locations. Taylor noted that Two Taikoo Place is benefiting from this "flight to quality" trend in the office leasing market, appealing to tenants through its versatile workspaces and the broad range of amenities at Taikoo Place as we continue on our placemaking journey.

Earlier, Julius Baer confirmed that it will take up four floors spanning close to 100,000 sq ft of the office building, with more companies committed to moving in, including Amundi, BASF and Boston Consulting Group.