CEO SUITE, a pan Asia Pacific serviced office operator, launches their first Hong Kong operation within New World Development’s K11 ATELIER, Victoria Dockside, Tsim Sha Tsui (TST), Kowloon.
CBRE was appointed as the sole leasing consultant of CEO SUITE to secure the entire seventh floor of K11 ATELIER with a total gross floor area of 25,000 sq. ft. CEO SUITE hopes to open in Q3 2019.
Founded in 1997, CEO SUITE has expanded over the years and grown to be a premier serviced office operator in Asia. The location at K11 ATELIER marks their entrance to Hong Kong and will bring the portfolio to 21 centers across eight countries, including mainland China, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Thailand and Vietnam.
The K11 ATELIER iconic mixed-use office tower is the first phase of New World Development’s Victoria Dockside development. Launched in November 2017, K11 ATELIER is positioned as the first workplace that integrates art, people and nature in one building.
The Grade A office tower has 15 floors of office space, comprising a total gross area of around 440,000 sq. ft. and commanding 270-degree views of Victoria Harbour. The tower also houses the Rosewood Hotel and Rosewood Residences.
Mee Kim, President, CEO SUITE, said, “Since launching our business 22 years ago, our brand has grown from strength to strength to become one of the most vibrant business hubs in Asia.”
“Boasting panoramic waterfront views of the iconic Victoria Harbour, CEO SUITE is proudly housed inside K11 ATELIER. This marks our initial footprint in Hong Kong and our second partnership with New World Development after Shanghai,” she continued.
Dane Moodie, Senior Director, Advisory & Transaction Services – Office, CBRE Hong Kong, said, “We are thrilled about supporting CEO SUITE with opening their first location at K11 ATELIER within the Victoria Dockside development, a new landmark on the TST harbourfront. TST is one of the most sought after districts across Hong Kong and Victoria Dockside is one of the most prestigious addresses in the market.”
“CBRE data shows that vacancy of the Grade A office market in TST has stayed below 3% in the past 17 months and the rents in TST have increased by 12% since end of 2017. TST has also become a hotspot for agile space operators in the past year with their centers occupying 160,000 sq. ft. as of Q1 2019. There is another 160,000 sq. ft. of agile space center in the pipeline, meaning that the size of this segment will be doubled by end 2019,” he continued.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue).
The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide.