HONG KONG, Sept. 29, 2014 /PRNewswire/ -- The Executive Centre, Asia Pacific's leading premium serviced office provider, is set to further expand its operations in Hong Kong by opening its eighth centre at Level 60, One Island East, following the recent launch of its new centre at 28 Hennessey Road, Admiralty, in May this year.
Renowned for its premium fit-outs, exceptional client-oriented services and state-of-the-art infrastructure, The Executive Centre has established a strong presence over the last two decades in Hong Kong, with a core portfolio of Grade A buildings including Two Exchange Square, Three Pacific Place, Wheelock House, Nexxus Building, 28 Hennessy Road, One Island East and Cambridge House. It has served a number of multinationals including Apple, Google, Microsoft, Cisco, HSBC, RBS and Barclays. The new centre opening on 1st October 2014, will provide fertile ground for local and multinational companies expanding and starting up businesses in Hong Kong.
Carmen Im, City Head of Hong Kong and Macau at The Executive Centre, rejoiced in the expansion, stating, "As Asia Pacific's leading premium serviced office provider, we are thrilled to take advantage of the expanding presence of Island East, which is widely expected to continue its growth into a significant business hub. Persistent demand and limited supply rule the Hong Kong office market and prompt business leaders to seek innovative solutions, especially in serviced offices. Positioned on the industry's cutting edge, The Executive Centre looks forward to reaping the growth of the Eastern district's serviced office market and accommodating many motivated clients."
According to a recent CBRE market report, vacancy in Central tightened by 0.8% to 4.4% in Q2 2014. The lack of fresh office space supply leaves the market prone to saturation, and remains a challenge for occupiers. As investors and business leaders remain heavily interested in Hong Kong, they must be flexible about locations. Due to strong market demand, non-Central districts such as Island East have witnessed an increasing number of office leasing transactions and boosted Hong Kong Island's overall net absorption to 107,650 sq.ft, compared to 31,660 sq.ft. in Q1 2014.
Soaring 69 storeys above ground level, One Island East is an iconic skyscraper dominating the Island East's skyline and has undeniably become the landmark property of Hong Kong's Eastern district. Representing the best in class in both design specifications and environmental credentials, One Island East is also one of the few office properties in Hong Kong which has been awarded the Building Environmental Assessment Method's highest "Platinum" rating in recognition for its design and energy efficiency performance.
Situated on Level 60 of the Grade A building, The Executive Centre commands spectacular views of Victoria Harbour and the cityscape. Expanding from the current centre on Level 23, the magnificent new centre on Level 60 at One Island East will offer premium serviced offices and workplace amenities with maximised views, natural lighting and high quality furnishings. With a modern interior office design fully equipped with the latest IT technology, communications system, video conferencing facilities and Herman miller executive modular furniture, the new centre will continue to provide the most flexible and dynamic solutions for leading businesses to meet their workplace needs.
Carmen Im continued, "With the new centre launch, not only will operating two centres within the same superlative office building reinforce The Executive Centre's commitment to this market, it will also bring greater flexibility in resource management and availability of office and meeting facilities. This will allow us to provide a more satisfying experience for our clients."
Paul Salnikow, Chairman & CEO of The Executive Centre, commented, "The Executive Centre has established a successful track record in Hong Kong and other cities in Asia. Continuing our aggressive growth strategy and leveraging the new investment from CVC Capital Partners, one of the world's largest private equity firms, we further strengthen our presence in Hong Kong to capitalise upon market opportunities arising from the growing demand for premium serviced offices. With every centre we add, The Executive Centre expands its capacity to serve the business interests of its clients locally, regionally and internationally."
"Our position in the marketplace is more clearly defined and appreciated than ever before, which is the central reason we can grow so rapidly and successfully. Our clients come to us because they look for the best building locations, the best fit-outs and the best client service," he concluded.