Audemars Piguet to move into The Henderson

Henderson Land (0012) said its grade A office building The Henderson under construction in Central has recorded a 50 percent occupancy rate, with Audemars Piguet the latest tenant to sign up.

The Swiss watchmaker will take up a 12,000-square-foot floor at the tower which will include its office and an AP House store.

AP House stores are designed to feel like a home away from home for the manufacture's most valued clients.

Other major tenants to sign up include Christie's and Caryle.

Christie's will hold its auctions there instead of the Hong Kong Convention and Exhibition Centre, renting four floors with altogether about 50,000 sq ft. And private equity firm Carlyle will occupy 1.5 floors - about 20,000 sq ft.

The building is targeted to be completed by the end of this year, and the hope is to achieve 80 percent occupancy in 2024, according to Henderson Land Development deputy general manager for leasing Charlotte Leung Pik-sai.

Leung acknowledged the increasing supply of grade A offices but believes rental prices will be stabilized when economic activities resume to normal gradually.

The Henderson will sign a green memorandum of understanding with tenants. Some patented technologies have been applied to the green building including the solar responsive ventilator.

The Henderson is a 36-story building with 25 floors of office space, a sky garden and a glass roofed banquet hall.