Susquehanna Latest to Expand Office Footprint in Hong Kong's Central District
SCMP · 1 SOURCESabout 3 hours ago2 MIN
Summary
US investment firm Susquehanna International Group has secured additional office space in Hong Kong's premier business district of Central, leasing more than 4,808 square metres at Cheung Kong Center II. The deal marks another vote of confidence in Central's commercial property market, which is experiencing a recovery driven by sustained demand from financial institutions and asset management firms.
Key Points
- Susquehanna International Group has agreed to lease 4,808 square metres (51,762 square feet) of office space at Cheung Kong Center II in Central
- The new office space spans three floors of the premium skyscraper developed by CK Asset Holdings on Harcourt Road
- Susquehanna currently operates from AIA Central on Connaught Road Central, having relocated from Three Garden Road in 2021
- Central's vacancy rate fell to 10.2 percent at end of Q2 from 14.5 percent a year earlier, declining further to 10 percent by August
- Office rents in Central rose 1.9 percent quarter on quarter as occupier demand remained strong
Why It Matters
The Susquehanna lease reflects growing confidence among financial firms in Hong Kong's Central district, where vacancy rates are falling and rents rising after years of oversupply . Industry experts note that Central's concentration of capital markets activity, clients, professional services and talent continues to attract finance, asset management and wealth management firms seeking a unique business ecosystem .
The Susquehanna lease reflects growing confidence among financial firms in Hong Kong's Central district, where vacancy rates are falling and rents rising after years of oversupply . Industry experts note that Central's concentration of capital markets activity, clients, professional services and talent continues to attract finance, asset management and wealth management firms seeking a unique business ecosystem .