English Schools Foundation leases Island Place offices

The two office floors comprise a total gross area of 40,380 square foot. 

Island Place Tower has rented out its whole 12th and 13th floor offices to English Schools Foundation (ESF), according to JLL.

The two office floors comprise a total gross area of 40,380 square foot and have been vacated with ESF planning to relocate this year.

The property is located at 510 King's Road and is near North Point MTR station. Developed and managed by Swire Properties, it is one of the few quality Grade A office buildings in the area.

"The recent decline in capital values of Grade A offices to attractive levels has increased end-user activity, particularly from universities and other educational institutions,” Oscar Chan, head of capital markets at JLL in Hong Kong, said.