Henderson Land Development, one of Hong Kong’s largest developers, has leased a 223,437 sq ft space in its prized mixed-use project in Central to Jane Street Asia in one of the largest leasing transactions in the city’s main business district in decades.
The rent for the space, across six floors in New Central Harbourfront, will be HK$137 (US$17.45) per square foot per month, or HK$30.6 million per month, excluding fees. The transaction, which makes the quant trading firm the anchor tenant of the development, is equivalent to 70 per cent of the office and ancillary portion of the first phase of the project.
“We are proud to welcome Jane Street to our New Central Harbourfront flagship development project,” said Martin Lee Ka-shing, chairman of Henderson Land.
The anchor tenancy “reinforces Hong Kong’s unrivalled position as an international financial powerhouse”, he said.
The first phase of the project is under construction, and the premises will be handed over to Jane Street in 2027. The trading firm will lease the space for five years starting in 2028 and will have an option to renew for a further term of four years at the prevailing market rent.
The deal is a bright spot for a downtrodden Hong Kong office property segment beleaguered by sluggish demand and surging new supply.
