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Old October 12th, 2007, 02:26 AM   #601
Charles Dubai
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this photo is so beautiful!!! the skyline of Hong Kong is very imressive!!!!!!
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Old October 14th, 2007, 02:35 AM   #602
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that night shot makes HK look like a background for a racing car video game
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Old October 14th, 2007, 04:28 AM   #603
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that night shot makes HK look like a background for a racing car video game
NFS underground?
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Old October 14th, 2007, 04:44 AM   #604
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NFS underground, juiced and midnight club.
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Old October 14th, 2007, 01:08 PM   #605
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That's what I was about to say...
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Old October 14th, 2007, 09:24 PM   #606
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Originally Posted by Eeerwin View Post
here comes a photo taken by kalvin1994 from skyscrapers.cn today:

http://www.skyscrapers.cn/forum/atta...BQG7ILVbGH.jpg

so it's now T/O !
no yet. it's just core reached its full height.
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Old October 14th, 2007, 09:25 PM   #607
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it should be 298-300m tall now
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Old October 15th, 2007, 03:11 AM   #608
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right on! I was trying to figure out what game was that.
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Old October 15th, 2007, 07:15 AM   #609
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They're also redecorating the area around it...
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Old October 17th, 2007, 07:47 PM   #610
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DBS signs lease for One Island East
Bank to take up 11 office floors in the Quarry Bay building in move from Central next year
17 October 2007
South China Morning Post

DBS Bank (Hong Kong) has leased more than 220,000 square feet of office space in One Island East in Quarry Bay - the latest in a line-up of blue-chip tenants to be lured from the financial district in Central to outlying locations by lower rentals and larger office floor area available.

The Hong Kong unit of the Singapore-headquartered regional lender yesterday signed a lease for 11 floors in the grade A office building with developer Swire Properties. The lease is for a period of 10 years with options to extend.

Staff from various locations in Central and Wan Chai would make their move in phases to the new office premises starting in the middle of next year, said DBS. It expects to complete the relocation by the end of 2009.

The transaction comes two months after an eye-catching deal done by Morgan Stanley, which agreed to lease 10 floors, or 350,000 sq ft, in International Commerce Centre in Kowloon as its Asia-Pacific headquarters. The space the United States investment bank agreed to take up is more than double the 150,000 sq ft it now occupies on 10 floors in Exchange Square in Central.

Property consultants said the appetite for larger space shown by financial institutions, in particular investment banks, and hedge funds enjoying strong growth in demand for their services, lay behind the trend. High rents and lack of space in Central were encouraging financial companies to move.

The trend could call a halt to the rise of office rents in Central, they added, particularly if more financial institutions - which accounted for a major portion of space in Central office buildings - continued to decentralise.

DBS said the lease was prompted by business expansion. "As we grow our business here, we need to provide for our current and future expansion needs," said Amy Yip, chief executive of DBS Hong Kong.

The 70-storey One Island East building is due to be completed in March next year. It consists of 59 levels of office accommodation, with the rest devoted to basement, sky lobby, main lobby and refuge floors.

Relocating to One Island East would allow DBS to consolidate its various support office operations into one building, the bank said, without identifying which departments would move.

Currently, the bank has offices in Man Yee Building, the Center, 139 Queen's Road Central, Overseas Trust Bank Building in Wan Chai and Taikoo Place in Quarry Bay.

Meanwhile, another investment bank, JP Morgan, is in talks with Sun Hung Kai Properties to lease more than five floors, or 175,000 sq ft of space, at the 118-storey International Commerce Centre (ICC) in Kowloon Station, according to sources.

The sources said the investment bank planned to move its back office from JP Morgan Tower in Grand Central Plaza in Sha Tin to the second-phase development of ICC.

Sun Hung Kai Properties declined to comment on the market talk.

Deutsche Bank and Credit Suisse are also reportedly engaged in talks to lease office space in the ICC, scheduled for completion in 2010.

Simon Lo Wing-fai, director of research and consultancy for Colliers International, said the DBS move was significant. "It is quite a big transaction. But the relocation is not unexpected. It is sensible to move to Island East where more space is available and rents are a lot cheaper than in Central."

Mr Lo added that with the decentralisation trend likely to continue, the increase in office rents in Central could slow. In the third quarter of this year, Central's average net effective rents rose for a 16th consecutive quarter to a record HK$100 per square foot - an increase of 9 per cent compared with the previous quarter, and up 28 per cent from the beginning of the year, according to DTZ.

Swire Properties said other major tenants who had pre-leased at One Island East included multinational corporations from the financial services, insurance, construction, shipping, marketing and real estate sectors - four of whom, including DBS, were establishing their Hong Kong headquarters in the building.

This constitutes more than 500,000 sq ft of the 1.25 million sq ft of lettable space that is available.

Jones Lang LaSalle brokered the DBS leasing deal.
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Old October 17th, 2007, 08:05 PM   #611
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Quote:
It consists of 59 levels of office accommodation, with the rest devoted to basement, sky lobby, main lobby and refuge floors.
That's 11 floors... what a waste !
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Old October 17th, 2007, 08:22 PM   #612
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What on earth are refuge floors?

And this thing will have a skylobby? Open to public?
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Old October 17th, 2007, 08:59 PM   #613
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What on earth are refuge floors?
In case of a fire, I guess.
I know that there are some in IFC2.
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Old October 17th, 2007, 09:27 PM   #614
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Almost all the new buildings with 50+ floor in hk have refuge floors...
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Old October 17th, 2007, 10:39 PM   #615
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that's a good thing though. We don't want people dying if they have a chance of being saved.

"wasting" 11 floors isn't bad imo. It reduces the density of the building and allows it to take up more space. Good for hk's skyline, maybe bad for tenants/developers
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Old October 17th, 2007, 10:54 PM   #616
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very nice tower
a good addition to any skyline
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Old October 21st, 2007, 03:12 PM   #617
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21-10-07







Other
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Old October 21st, 2007, 03:25 PM   #618
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Fatshe - go to the Tai Koo Shing Quarry Bay Park entrance on the far east side, by Tai Koo Shing Road (near the Wellcome supermarket and tennis courts, towards Lei King Wan), and take a dusk/night time photo from there if you can. Tower looks gorgeous/massive
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Old October 21st, 2007, 06:44 PM   #619
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Quote:
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That's 11 floors... what a waste !
If the client thinks so they would not have approved this design though. Fact that it still gets built proves that there might be stuff beyond our scope.
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Old October 22nd, 2007, 04:48 AM   #620
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it's not that they want it or not
These are laws and regulations.
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