Henderson Land Development is betting on tenant "fear of missing out" to support its $8.03 billion Central Yards project in Hong Kong.
Henderson Land Development is banking on strong demand for high-end office space to support its HK$63 billion (US$8.03 billion) Central Yards project, as tenants gravitate towards top-tier buildings despite a weak overall office market in Hong Kong. Tom Andrews, Head of Leasing and Operations for Central Site 3, stated that Jane Street's decision last year to lease approximately 70% of the office space in the project's first phase has helped attract interest from other potential tenants. Andrews noted that quantitative trading firms, multinational corporations, private equity funds, and wealth management companies have shown demand for the remaining 30% of the office space.
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