Sun Life Financial Hong Kong and Cheung Kei Group signs an official lease agreement for the Hong Kong Cheung Kei Center

2019.02.01

On February 1, 2019, Cheung Kei Group and Sun Life Financial Hong Kong Limited sign a lease agreement for the Hong Kong Cheung Kei Center. During the signing ceremony held in Hong Kong, Sun Life Financial Hong Kong has leased a Grade A office space with panoramic sea views as its Hong Kong headquarters, covering a total floor space of approximately 130,000 square feet. Chen Pengyu, Vice Chairman of the Cheung Kei group; Gregory Kwan, Chief Financial Officer of Sun Life Financial Hong Kong; along with other representatives of both companies, representatives of the bank, and representatives of Debenham Thouard Zadelhoff (DTZ) had attended the signing ceremony.

The signing ceremony of the lease agreement was successfully held

The Hong Kong Cheung Kei Center is wholly-owned by the Cheung Kei Group and is a Grade A office building with panoramic sea views located at No. 18, Hung Luen Road, in Kowloon's Hung Hom Bay. It serves as the headquarters of the Cheung Kei Group and is a prime business office space tailor-made for multinational corporations, financial institutions, and corporate headquarters. The office building covers a total floor space of approximately 300,000 square feet, and contains 155 parking spaces in the basement.

The property is situatedin the heart of Hong Kong and occupies a prime location in Kowloon. It is a short distance from the waterfront promenade and the Avenue of Stars in Tsim Sha Tsui, and enjoys a panoramic and unobstructed view of the Victoria Harbor. The location offers easy access from the major transport networks, and is a stone's throw from the Hung Hom and Whampoa subway stations. Other transport options in the vicinity include the nearby bus terminus, the ferry terminal, and the Cross-Harbor Tunnel. A comprehensive range of amenities including hotels, high-end F&B outlets, leisure and entertainment facilities are also availablein the district, providing a one-stop solution that caters to the needs of business travelers.

Cheung Kei Group's Vice President Chen Pengyu and Sun Life Financial Hong Kong Limited's Chief Financial Officer Gregory Kwan signing the lease agreements

The Hong Kong Cheung Kei Center is built by a world-renowned construction company, the project is a pioneer in architectural design, energy efficiency, and sustainability, it has received the gold certification from Hong Kong Green Building Council (HKGBC) and gold certification from the Leadership in Energy and Environmental Design(LEED).

As an extension of the business district in Tsim Sha Tsui, and benefiting from its proximity to the Kai Tak Development Area, as well as the government's development of Kowloon East into the forthcoming CBD2 of Hong Kong, Hung Hom has been gradually transforming into an up and coming business district. Based on the research conducted by Debenham Thouard Zadelhoff, 3.1 million square feet of new commercial office space supply is available in Kowloon East between 2017 to 2019. And by the end of 2018, 52% of the floor space had been leased successfully. As Kowloon East continues to attract a large number of local and multinational corporations in banking and finance, insurance, and professional services, Hung Hom will benefit from the continual improvements in transport and infrastructure made in the recent years. Its direct and quick access to Tsim Sha Tsui and West Kowloon also provides businesses with an ideal choice when selecting a new office space.

A congratulation handshake between the two parties

Currently, the Hong Kong Cheung Kei Center is already home to various prestigious companies listed on the Hong Kong Stock Exchange, international corporations, and other foreign enterprises. With the latest addition of Sun Life Financial Hong Kong as its tenants, the occupancy rate of the building has exceeded 90%, and is expected to reach 100% by the end of the year.

The corporate image of the building and the property management will continue to be boosted by the presence and new addition of quality tenants. As the tenant occupying the most office space in the Hong Kong Cheung Kei Building, Sun Life Financial Hong Kong had selected the property for its prime location, its outstanding environment conducive for business, and the high-quality services available.

Sun Life Financial Hong Kong is a wholly-owned subsidiary of the Sun Life Assurance Company of Canada, and the company has a rich history of 126 years in Hong Kong. It provides a wide range of professional financial services to satisfy the evolving needs of its clients along with every phase of their lives, through their individual life and health, pensions, group insurance, and pension third-party administration business.

Hong Kong Cheung Kei Center

Established in 1990, Cheung Kei Group has headquarters in Hong Kong and Shenzhen that are responsible for the corporation's overseas and domestic investments respectively. The group's strategic focus is on acquiring and investing in high-quality properties, corporate equity, and financial assets in economic zones in global metropolitan areas. Currently, Cheung Kei Group owns properties across the globe in Hong Kong, London, Shenzhen, Shanghai and other major cities in Europe and South East Asia. These properties cover millions of square meters of land, office buildings, luxury hotels, as well as assets in the commercial and mining industries. The group is also a shareholder in companies that are key players in the capital markets, and hold considerable assets consisting of investment funds, bonds, and stocks.