New World Development's 83 King Lam Street project in Cheung Sha Wan has achieved a 70 percent occupancy rate, with multinational corporations accounting for over half of the tenants.
In a significant post-pandemic leasing deal for Kowloon's Grade-A office market, global infrastructure consulting firm AECOM has leased 120,000 square feet for its upgraded Asia regional headquarters.
The Group stated that the twin-tower, 23-storey development offers a total area of 1.14 million square feet. It features 25,000 square feet of greenery and a terraced garden plaza, having received several architectural awards and green building certifications.
Current tenants are primarily MNCs from the US, Japan, and Europe. Aecom was reportedly attracted by the mature transport network, which facilitates employee commutes and supports business development in the Greater Bay Area and the Northern Metropolis.
Other established MNC tenants include American apparel brand Ralph Lauren, British cosmetics retailer Lush, Japanese logistics firm Yusen, luggage brands Lojel and Delsey, and Danish pharmaceutical company Novo Nordisk.
In other news, all 115 units released at its Kowloon City project, House Muse, were sold out on the same day last month, generating over HK$800 million. Only five penthouse units remain for sale by tender.
Meanwhile, nearly 750 units have been sold at its Kai Tak project, The Pavilia Forest, realizing more than HK$5.2 billion since its launch as a completed development.
