Henderson Land Secures Tenant Six Office Floors Flagship Hong Kong Development

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Henderson Land Development Company, a company listed on the Hong Kong stock exchange, has recently announced the lease of six office floors to Jane Street, a US-based quantitative trading firm, at its upcoming New Central Harbour flagship development. This arrangement has been deemed as the largest single office leasing transaction for Hong Kong’s Central Business District in decades, according to a press release from the company.

The space that Jane Street will occupy covers an area of 223,437 square feet, which is around 70% of the first phase office and ancillary space in the development. It has been reported that the firm will pay a monthly rent of HK$137 ($22.40) per square foot, which amounts to approximately HKD$30.6 million per month. The space is expected to be handed over to Jane Street in early 2027.

Martin Lee Ka-shing, the chairman of Henderson Land, said in a statement that they are pleased to welcome Jane Street to their New Central Harbourfront flagship development project. He also mentioned that as a company with strong ties to Hong Kong, Henderson Land is dedicated to driving the growth of the city’s core districts. He believes that the anchor tenancy of Jane Street is a testament to Hong Kong’s position as a world-leading international financial center.

New Central Harbourfront is a waterfront project with a total gross floor area of more than 1.6 million square feet, which includes 700,000 square feet of office and ancillary space and 900,000 square feet of retail space. The development will also feature 300,000 square feet of green and open spaces. The project is being constructed in two phases, with the first phase expected to be completed by the fourth quarter of 2026, while the second phase is set to be completed in 2032.

The site for New Central Harbourfront was acquired by Henderson Land through a government land sale in 2021, where they paid a record-breaking amount of HK$50.8 billion. This project is a significant addition to Henderson Land’s portfolio and showcases the company’s commitment to contributing to the development of Hong Kong’s real estate market.

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