FWD expands Taikoo Place office to become largest tenant at Swire Properties complex


FWD Hong Kong has signed a decade-long lease for 330,000 sq ft of office space in Taikoo Place, marking the largest office rental deal in the city this year, according to a joint statement from landlord Swire Properties and the insurer on Wednesday.

The company would consolidate and expand its presence in the Devon House building by adding four and a half floors to accommodate business growth. The expansion will make FWD the largest office tenant in Taikoo Place, a complex featuring 10 prime office towers. Devon House will be renamed FWD Tower next year.

“Establishing FWD Tower as our Hong Kong headquarters marks a major milestone in our growth journey and reflects our long-term commitment to the city’s role as a global financial hub,” said Ken Lau, Hong Kong CEO and managing director of Greater China.

FWD has been a tenant in Taikoo Place since 2014.

Ken Lau, managing director of Greater China and Hong Kong CEO of FWD (left), and Tim Blackburn, CEO of Swire Properties (right). Photo: Handout
Ken Lau, managing director of Greater China and Hong Kong CEO of FWD (left), and Tim Blackburn, CEO of Swire Properties (right). Photo: Handout

“We are delighted to strengthen our long-term partnership with FWD through this significant expansion,” said Tim Blackburn, CEO of Swire Properties.

“The recent completion of the Taikoo Place redevelopment project has established a new benchmark for the office sector in Hong Kong, and will significantly contribute to the city’s competitiveness as a global financial centre,” he added.

  • Related Posts

    Middle East turmoil triggers retail-style swings by mainland investors in Hong Kong stocks

    Mainland Chinese investors, once perceived as a stabilising force in Hong Kong stocks, are this time adding to the market’s wild swings spurred by sharp movements in crude oil prices,…

    Continue reading
    Deutsche Bank bets on Hong Kong wealth boom as Asian billionaires look beyond US assets

    Deutsche Bank is seeking to capitalise on wealthy investors across mainland China, Hong Kong, Taiwan and the Philippines who are looking to diversify away from US assets, as it pushes…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *