Henderson Land Secures Tenant Six Office Floors Flagship Hong Kong Development
Henderson Land Development Company, a Hong Kong-listed real estate firm, has recently announced that it has leased six office floors at its upcoming New Central Harbour flagship development to American trading firm, Jane Street. This deal is considered to be the largest single office leasing transaction in Hong Kong’s Central Business District in several decades, according to a press release by Henderson Land.
Jane Street will occupy a total of 223,437 square feet of space, which is equivalent to about 70% of the first phase office and ancillary space in the development. The firm has reportedly agreed to pay a monthly rent of HK$137 ($22.40) per square foot, totaling HKD$30.6 million per month for the space. The office space is expected to be handed over to Jane Street in early 2027.
Martin Lee Ka-shing, the chairman of Henderson Land, expressed his pride in welcoming Jane Street to their New Central Harbourfront project. He also stated that the group is committed to advancing the core districts of Hong Kong, and this deal further solidifies the city’s position as a leading international financial hub.
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The New Central Harbourfront project is a waterfront development with a gross floor area of over 1.6 million square feet, featuring 700,000 square feet of office and ancillary space, and 900,000 square feet of retail space. The development will also include 300,000 square feet of green and open spaces. Currently, the site is being developed in two phases, with the first phase expected to be completed by the fourth quarter of 2026, and the second phase to be completed in 2032.
Henderson Land had acquired the waterfront site for the New Central Harbourfront project through a government land sale in 2021, paying a record HK$50.8 billion.