Archive for category: Misc

Henderson Land Development Company, a Hong Kong-based company listed on the stock exchange, recently announced a significant leasing deal at its highly anticipated New Central Harbour flagship development. The lease was secured with Jane Street, a leading quantitative trading firm based in the United States. According to a press release, this transaction is the largest single office leasing deal seen in Hong Kong’s Central Business District in many years.

Jane Street will lease six office floors at the development, occupying a total of 223,437 square feet. This space amounts to approximately 70% of the first phase of office and ancillary space at New Central Harbour. It is reported that the firm will pay a monthly rent of HK$137 ($22.40) per square foot, which equates to around HKD$30.6 million per month. The space is expected to be handed over to Jane Street in early 2027.

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“We are delighted to welcome Jane Street to our New Central Harbourfront flagship development project,” says Martin Lee Ka-shing, Chairman of Henderson Land. “As a company deeply rooted in Hong Kong, we are committed to the growth and development of the city’s key districts. This anchor tenancy further solidifies Hong Kong’s position as a global financial hub.”

New Central Harbourfront is a waterfront project with a total gross floor area of 1.6 million square feet. It will include 700,000 square feet of office and ancillary space, as well as 900,000 square feet of retail space. The development will also feature 300,000 square feet of green and open spaces. It will be built in two phases, with the first phase expected to be completed by the fourth quarter of 2026, and the second phase to be completed by 2032.

Henderson Land had acquired the site of New Central Harbourfront through a government land sale in 2021, for a record-breaking price of HK$50.8 billion. The company is dedicated to further advancing the project and transforming the waterfront area into a vibrant and dynamic commercial hub.