A landmark agreement has been reached in Hong Kong's Central district, setting a new benchmark for office leasing. A prominent quantitative trading firm, Jane Street, has secured a significant portion of the Henderson Land Development Company's upcoming flagship project at the New Central Harbourfront. Spanning six floors, this deal encompasses more than 223,000 square feet, accounting for over 70% of the initial phase's premium office and supplementary areas. The decision to finalize this lease nearly two years ahead of the scheduled handover in early 2027 highlights the growing confidence in Hong Kong's commercial real estate market.
The New Central Harbourfront development is set to transform the area into a vibrant urban hub. Encompassing over 1.6 million square feet of total floor space, the project will unfold in two stages, with the first phase expected to conclude by late 2026 and the second by 2032. This expansive site will house an impressive array of facilities, including 700,000 square feet dedicated to offices and ancillary services, complemented by 900,000 square feet of retail venues. Additionally, the development introduces Central's first Broadway-calibre theatre and approximately 300,000 square feet of lush greenery and open spaces, featuring a rooftop garden.
This remarkable lease underscores the enduring appeal of Hong Kong as a global financial center. It reflects not only the trust placed by international firms in the city's infrastructure but also the strategic vision of developers like Henderson Land. As the skyline evolves with such innovative projects, it symbolizes a forward-looking approach that balances economic growth with quality of life enhancements, promising a brighter future for both residents and businesses alike.