Crédit Agricole CIB extends office lease at Swire Properties' Two Pacific Place to 2034

Crédit Agricole Corporate and Investment Bank has extended its lease at Swire Properties’ (1972) Pacific Place to 2034, involving about 85,000 square feet of Grade-A office space.

The lease includes four floors of Two Pacific Place, which serves as the bank’s regional headquarters in Asia Pacific, Swire Properties said in a statement on Monday. 

The renewal marks a milestone in the strategic partnership between the two companies that has lasted for more than two decades, the statement said, adding that it is also a vote of confidence in Hong Kong’s status as a global financial center.

The renewed office not only strengthens the “foundation for the next decade, it also demonstrates our commitment to the city’s long-term development,” said Jean-Francois Deroche, Senior Regional Officer for Asia-Pacific at Crédit Agricole CIB.

Swire Properties chief executive Tim Blackburn said the group is delighted to renew the longstanding partnership with the lender, reaffirming Pacific Place’s status as a world-class business address in Hong Kong.