Savills is delighted to announce that it has concluded the en-bloc sale of West Office Tower and West Retail Villa at One HarbourGate at 18 Hung Luen Road, Hong Kong for a record HK$5.85 billion. This is regarded as the largest single office tower purchase in Kowloon’s history. The purchaser and seller are China Life Insurance (Overseas) Company Limited and Wheelock Company Limited respectively.
Savills is delighted to announce that it has concluded the en-bloc sale of West Office Tower and West Retail Villa at One HarbourGate at 18 Hung Luen Road, Hong Kong for a record HK$5.85 billion. This is regarded as the largest single office tower purchase in Kowloon’s history. The purchaser and seller are China Life Insurance (Overseas) Company Limited and Wheelock Company Limited respectively.
The West Office Tower is 15-storeys, totalling approximately 357,000 square feet gross. The West Retail Villa is 2-storeys and totals approximately 36,000 square feet gross.
Raymond Lee, CEO of Greater China, Savills, who headed the project, said that, “upon learning of the expansion plans of China Life in Hong Kong, we dedicated a lot of resources to finding a suitable site to serve as their headquarters. Located in a core commercial area with unobstructed views of Victoria Harbour and close to an excellent transportation network, One HarbourGate is undoubtedly a good choice.“