Whole office floor in Hong Kong’s Lippo Centre for sale by tender (Sept 23, 2009)

HONG KONG: The 17th floor of Tower Two, Lippo Centre, is up for sale by public tender. With a total area of approximately 12,633 sq ft, the office located at No 89, Queensway, Admiralty in Kowloon faces Victoria Harbour and Hong Kong Park.

In a statement released by Colliers International today, part of the premises comes with tenancy while the rest is in vacant possession. Collier International is the sole agent for the tender exercise, which will close at 12 noon on Nov 26, 2009.

Willis Mak, Director of Hong Kong Investment, Colliers International (Hong Kong) Ltd said a whole floor space sold by public tender is rarely available in the market, and represents a valuable investment opportunity for both investors and end-users. “Lippo Centre is a benchmark Grade A office development available for strata-title sale. The office spaces in the building have been in favour with many investors and have registered strong sales activity,” he added.

Mak expects an upward driving force for prime office rentals: “Amid the recent stabilising economy and rising stock market prices, some financial companies and law firms have started to look for quality office spaces in the CBD for expansion.”

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