FWD Hong Kong has signed a decade-long lease for 330,000 sq ft of office space in Taikoo Place, marking the largest office rental deal in the city this year, according to a joint statement from landlord Swire Properties and the insurer on Wednesday.
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The company would consolidate and expand its presence in the Devon House building by adding four and a half floors to accommodate business growth. The expansion will make FWD the largest office tenant in Taikoo Place, a complex featuring 10 prime office towers. Devon House will be renamed FWD Tower next year.
“Establishing FWD Tower as our Hong Kong headquarters marks a major milestone in our growth journey and reflects our long-term commitment to the city’s role as a global financial hub,” said Ken Lau, Hong Kong CEO and managing director of Greater China.
FWD has been a tenant in Taikoo Place since 2014.
“We are delighted to strengthen our long-term partnership with FWD through this significant expansion,” said Tim Blackburn, CEO of Swire Properties.
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“The recent completion of the Taikoo Place redevelopment project has established a new benchmark for the office sector in Hong Kong, and will significantly contribute to the city’s competitiveness as a global financial centre,” he added.