Hysan, Swire Joint Venture Secures ZA Bank as Anchor Tenant for Lee Gardens Eight
SingTao · 2 SOURCES1 day ago2 MIN
Summary
Hysan Development (014) and Swire Properties have secured ZA Bank, Hong Kong's first digital bank, as the anchor tenant for the Lee Gardens Eight commercial project in Causeway Bay. The bank will occupy four floors spanning approximately 45,000 square feet in Tower 3, representing a more than 50% expansion from its current Cyberport office. The development, jointly developed by Hysan and Swire Properties, is set for completion in Q4 2026, with ZA Bank planning to move in during 2027. Pre-leasing has already reached double-digit rates, attracting a mix of traditional financial services and new economy tenants.
Key Points
- ZA Bank will lease four floors in Tower 3 of Lee Gardens Eight, totalling about 45,000 square feet as its new headquarters
- The new headquarters represents over 50% increase in space compared to ZA Bank's current Cyberport office
- Lee Gardens Eight has a total gross floor area of approximately 1.1 million square feet and will expand the Lee Gardens portfolio by 30%
- The project features 60,000 square feet of green open space and 20,000 square feet for performing arts and cultural facilities
- ZA Bank currently employs 400-500 staff and plans to hire across all departments as it scales up operations
Why It Matters
The deal signals renewed confidence in Hong Kong's office market, particularly in prime Causeway Bay locations, as multinational and new economy firms seek to expand their presence in the city. For ZA Bank, relocating to the heart of Causeway Bay underscores the digital bank's transition from a startup phase to a mainstream financial institution serving over a million users .
The deal signals renewed confidence in Hong Kong's office market, particularly in prime Causeway Bay locations, as multinational and new economy firms seek to expand their presence in the city. For ZA Bank, relocating to the heart of Causeway Bay underscores the digital bank's transition from a startup phase to a mainstream financial institution serving over a million users .