SHKP Leases 97,500 Sq Ft to AXA at International Gateway Centre
Thestandard · 1 SOURCESabout 3 hours ago2 MIN
Summary
Sun Hung Kai Properties (SHKP, stock code 0016) and global insurance company AXA have announced a major leasing agreement for office space at the International Gateway Centre (IGC) in Hong Kong. AXA will occupy two and a half floors, totaling 97,500 square feet, for its new distribution office and flagship wealth management hub. The 10-year lease reflects AXA's commitment to long-term investment in the Hong Kong market, with occupancy targeted for early 2028.
Key Points
- AXA signs 10-year lease for 97,500 square feet across two and a half floors at IGC, HK
- Space designated for AXA's distribution office and one-stop wealth management hub
- New facility scheduled for occupancy in early 2028, serving clients across Hong Kong, Macau and the broader region
- IGC is SHKP's flagship project featuring twin towers with four Grade-A office blocks offering approximately 2.5 million square feet
- Jonathan Li, AXA Greater China chief distribution officer, reaffirms Hong Kong as vital strategic hub for the insurer in Asia
Why It Matters
The long-term lease commitment by a leading global insurer signals strong international confidence in Hong Kong's commercial real estate market despite economic uncertainties. AXA's decision to establish a flagship wealth management hub in Hong Kong underscores the city's continued role as a premier financial center serving the Greater Bay Area and beyond. The IGC project represents SHKP's significant investment in premium office space, positioning Kowloon East as an emerging business district.
The long-term lease commitment by a leading global insurer signals strong international confidence in Hong Kong's commercial real estate market despite economic uncertainties. AXA's decision to establish a flagship wealth management hub in Hong Kong underscores the city's continued role as a premier financial center serving the Greater Bay Area and beyond. The IGC project represents SHKP's significant investment in premium office space, positioning Kowloon East as an emerging business district.