Exchange Square (Hong Kong)
Encyclopedia
The Exchange Square is a building complex located in Central
Central, Hong Kong
Central is the central business district of Hong Kong. It is located in Central and Western District, on the north shore of Hong Kong Island, across Victoria Harbour from Tsim Sha Tsui, the southernmost point of Kowloon Peninsula...

, Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

. It houses offices and the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...

. It is served by the Central
Central (MTR)
Central station is an MTR station located in the Central area of Hong Kong Island. The station's livery is firebrick red, except for the station's Tsuen Wan Line platform where its livery is dark brown...

 and Hong Kong
Hong Kong (MTR)
Hong Kong Station is the eastern terminus of the Tung Chung Line and Airport Express of the Hong Kong MTR metro system, situated between Man Cheung Street and Harbour View Street, Central, Hong Kong Island, and sits underneath the International Finance Centre...

 stations of the MTR
MTR
Mass Transit Railway is the rapid transit railway system in Hong Kong. Originally opened in 1979, the system now includes 211.6 km of rail with 155 stations, including 86 railway stations and 69 light rail stops...

 metro system.

Most part of the Exchange Square is owned by Hong Kong Land
Hongkong Land
Hongkong Land is one of Asia’s leading property investment, management and development groups with premium commercial and residential property interests across the region. It owns and manages some five million square feet of commercial space in Hong Kong’s Central Business District serving...

, with the remaining portions owned by the American Club of Hong Kong and the Government. The building has three blocks, namely, One Exchange Square, Two Exchange Square and Three Exchange Square, and a shopping block, namely, The Forum. The ground level also houses a large-scale bus terminus, named Central (Exchange Square) Bus Terminus, which have a large number of bus routes bound for different area within Hong Kong.

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 Credit Suisse
Credit Suisse
The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...

, Bank of Montreal
Bank of Montreal
The Bank of Montreal , , or BMO Financial Group, is the fourth largest bank in Canada by deposits. The Bank of Montreal was founded on June 23, 1817 by John Richardson and eight merchants in a rented house in Montreal, Quebec. On May 19, 1817 the Articles of Association were adopted, making it...

, Lloyd George Management, Latham & Watkins
Latham & Watkins
Latham & Watkins LLP is a global law firm, one of the largest in the world. Latham currently employs approximately 2,000 attorneys in the United States, Europe, the Middle East and Asia. The firm was started in Los Angeles in 1934 and has extensive Californian roots, but its largest office is now...

, Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer LLP is a global law firm headquartered in London, United Kingdom and a member of the 'Magic Circle' of leading English law firms. It is the second-largest law firm in the world measured by revenues. In 2010-11 it achieved total revenues of £1.14 billion and profits...

, Allen & Overy
Allen & Overy
Allen & Overy is a global law firm headquartered in London, United Kingdom.A member of the UK's Magic Circle of leading law firms, Allen & Overy is widely considered to be one of the world's elite law firms, advising national and multinational corporations, financial institutions, and...

 and Allens Arthur Robinson
Allens Arthur Robinson
Allens Arthur Robinson is a commercial law firm that operates in the Asia-Pacific region. In Australia, and throughout the Asia-Pacific region generally, it is considered to be one of the top commercial law firms.- Offices :...

. It is also home to the consulates in Hong Kong of Argentina
Argentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...

, Canada, Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

, and the American Club of Hong Kong.

Plot

Hong Kong Land tendered the Government for the plot for $4.76 billion 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 $4 billion, a record. In December 1983, it announced that the plot was to be mortgaged to secure a $2.5 billion loan facility. The second instalment of $2 billion on the plot was due in the financial year 1984/85

Phase three

Development cost HK$750m, 32 storey 322000 square feet (29,914.8 m²) office tower, 32000 square feet (2,972.9 m²) mall, substructure contractor Gammon Hongkong

See also


External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
x
OK