Exchange Square (Hong Kong)

Office complex in Central, Hong Kong From Wikipedia, the free encyclopedia

Exchange Square (Hong Kong)map

Exchange Square (Chinese: 交易廣場; Jyutping: gaau1 jik6 gwong2 coeng4) is a building complex located in Central, Hong Kong. It houses offices and the Hong Kong Stock Exchange. It is served by the Central and Hong Kong stations of the MTR metro system.

Quick Facts General information, Status ...
Exchange Square
交易廣場
Thumb
One and Two Exchange Square
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General information
StatusCompleted
TypeOffice
Location8 Connaught Place, Central, Hong Kong
Coordinates22°17′2″N 114°9′30″E
Construction started1983; 42 years ago (1983)
Completed1988; 37 years ago (1988)
Opening
  • Phases 1 & 2: 1985; 40 years ago (1985)
  • Phase 3: 1988; 37 years ago (1988)
CostWhole project: US$256,410,257
OwnerHongkong Land
Height
Roof188 m (617 ft)
Technical details
Floor count
  • Tower 1: 52
  • Tower 2: 51
  • Tower 3: 33
Floor areaTotal:
130,680 m2 (1,406,628 sq ft)
Lifts/elevators
  • Towers 1 & 2: 22 + 2
  • Tower 3: 12
Design and construction
Architect(s)Palmer & Turner
DeveloperHong Kong Land
Main contractorGammon Construction
References
[1]
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Most of the Exchange Square is owned by Hong Kong Land, with the remaining portion owned by the Government. The building has three blocks, namely, One Exchange Square, Two Exchange Square and Three Exchange Square. A shopping block known as The Forum was redeveloped as an office building in 2011–14.

The ground level houses a large bus terminus, Central (Exchange Square) Bus Terminus.

Tenants

The property is the home of the Stock Exchange of Hong Kong since the 1980s. It also houses many international banking and law firms including Bank of Montreal, Commonwealth Bank of Australia, Lloyd George Management, DLA Piper, Ropes & Gray, RPC, Latham & Watkins and Allen & Overy. Other major tenants include Sixth Street Partners, Aberdeen Standard Investment, Angelo Gordon, Bluepool Capital, China Merchants Securities, CSOP, CQS, Evercore, Fanda Partners, Harvest Fund, Hillhouse Capital, Hopu Investment and Janchor Partners. Exchange Square is also home to the Hong Kong International Arbitration Centre, the American Club of Hong Kong, and the consulates in Hong Kong of Argentina, Canada, and Japan.

Plot

Hong Kong Land tendered the government HK$4.76 billion for the plot in February 1982, when the market was at a record high. Prices subsequently dropped, necessitating its debt to be restructured. In February 1983, HKL obtained an eight-year loan of HK$4 billion, a record. In December 1983, it announced that the plot was to be mortgaged to secure a HK$2.5 billion loan facility.[2] The second instalment of HK$2 billion on the plot was due in the financial year 1984/85.[3]

Phase three

Development cost HK$750m, 32-storey 322,000-square-foot (29,900 m2) office tower, 32,000-square-foot (3,000 m2) mall, substructure contractor Gammon Hong Kong.[4]

The Forum

The Forum (Chinese: 富臨閣) was a shopping complex at the podium level. From 2011 to 2014, it was redeveloped into a seven-storey office building with a floor area of 4,460 sq m. It is wholly occupied by Standard Chartered Bank. The plaza outside the forum includes a landscaped roof garden, stepped terraces and fountains, and a collection of sculptures by artists such as Henry Moore, Ju Ming and Dame Elizabeth Frank.[5][6]

Nearby buildings

See also

References

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