SHKP Quarterly

Occupancy is high for IFC offices in the Central core facing Victoria Harbour 國際金融中心位處中環核心地段，前臨維港美景，多年來寫字樓維持高出租率 Millennium City is close to MTR stations for easy access 創紀之城毗鄰港鐵站，交通方便 Millennium City Millennium City is an office cluster in Kowloon East close to MTR stations with APM shopping mall at the podium of Millennium City 5. The Group now holds nearly 1.7 million square feet of grade-A office space in Millennium City 1, 2, 5 and 6. Major tenants include banks, insurance companies and fashion retailers. Supply for new grade-A offices in the neighbourhood will continue to increase sharply in the next few years, but rental performance at Millennium City remains positive amid its edge. The office cluster is supported by premium facilities and comprehensive management. The large, efficient floor plates and single ownership mean flexibility to meet tenants’ business needs. It also appeals to prospective tenants looking for larger office space. Occupancies at Millennium City 1, 2, 5 and 6 remain high and rental income is growing healthily. Office portfolio enhancement The Group builds premium offices and continuously upgrades existing properties to enhance the working environment for tenants and strengthen the competitiveness of its portfolio and its leading position in the office leasing market. The joint-venture Two Harbour Square project in Kwun Tong will be finished by the end of the year. Additionally, 98 How Ming Street in Kwun Tong will be developed into a commercial project with about 1.2 million square feet of gross floor area. Most of this will be grade-A offices and the rest retail, all connected to Millennium City 6 by a footbridge to create synergy. Feature Story Vol 85 • Q3 2017 • SHKP Quarterly 6