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CBRE secures lease for 17,000 sq. ft. with Edrington

CBRE said it strategically capitalised on the market conditions.

Edrington secured a significant lease for approximately 17,000 sq. ft. of office space at Two Pacific Place in Admiralty. 

“The client’s strategic move to one of Hong Kong’s most desired business addresses represents a remarkable flight-to-quality story as it underscores its long-term commitment to Hong Kong and the broader Asia market as well as its determination to optimize its employee experience. We believe this is now an opportune time for companies to revisit their real estate strategy and re-centralize to quality buildings in core business district of Hong Kong,” said Tom Gaffney, Regional Managing Director, CBRE Hong Kong.

ALSO READ: Five industrial buildings on sale for $1.4b: CBRE

CBRE's Hong Kong Advisory & Transaction – Office Services team, acting as Edrington's strategic real estate advisor, assisted the company in upgrading and expanding its office within the prime business district, situated in a grade-A office building. This move was boosted by capitalising on the current office market conditions.

Two Pacific Place is centrally located above the Admiralty MTR interchange station and houses five-star hotels, office towers, and a shopping mall. In addition to offering stylish shopping and dining options, Pacific Place ensures excellent connectivity for its tenants.

 

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