CBRE Appointed As Lead Leasing Agency For Grade-A Office Tower, One Causeway Bay
CBRE has been appointed by Mandarin Oriental Hotel Group as the Lead Leasing Agency to provide office leasing and marketing consulting services for the new Grade A commercial building “One Causeway Bay” at 281 Gloucester Road, Causeway Bay, which is due for completion by the second quarter of 2025.
One Causeway Bay is situated in the site of the former Excelsior Hotel in Hong Kong, in the district that exemplifies youthfulness and vibrancy. The site, historically known as East Point, was acquired by James Matheson for Hong Kong’s first godowns even before the territory became a British colony in 1841, and so enjoys legendary local status as Hong Kong’s famed “Lot No.1”.
The redevelopment of One Causeway Bay is conveniently located within a two-minute walk from the Causeway Bay MTR Station and is seamlessly connected to the Greater Central area in just 8 to 10 minutes by subway. The project is also easily accessible by various means of public transportation that allows tenants and visitors to travel to different parts of Hong Kong with ease and flexibility.
When completed, One Causeway Bay will provide around 500,000 sq. ft. of office space across 24 floors and 55,000 sq. ft. of retail, entertainment, and dining space in the 4-level retail podium and the two rooftop levels. The building is designed by world renowned architects Kohn Petersen Fox and Ronald Lu & Partners. The building’s external façade will consist of tempered glass, giving it a sleek and contemporary appearance and providing a panoramic view of the breathtaking Victoria Harbour. Each office level will boast a clear ceiling height of 2.9m and a typical floor plate of approx. 20,000 sq. ft. in lettable area, enabling flexible and efficient layout designs and maximizing open views. Located next to Victoria Park and with direct access to the Harbourfront trail, future occupants of One Causeway Bay are seamlessly provided with a great work-life balance.
One Causeway Bay will integrate a variety of the state-of-the-art green and smart features that are aimed at enhancing tenant wellness, operational efficiency and minimizing environmental impact. These features include, energy saving LED lighting system in the building, and an air purification system that maintains high air quality. In addition, with the installation of photovoltaics, renewable energy will be generated, and energy consumption will be lowered to reduce carbon footprint, while rainwater will be harvested and recycled for irrigation and air conditioning use. The addition of greenery on the rooftop, terrace and balcony will create a rejuvenating space for tenants. Having achieved pre-certifications for platinum grading from BEAM Plus, LEED, and WELL also in the process of obtaining platinum grading for Smartscore and Wirescore, One Causeway Bay presents itself as an optimal choice for companies seeking real estate solutions that contribute to their ESG objectives.
Laurent Kleitman, CEO of Mandarin Oriental Hotel Group said, “The transformation of One Causeway Bay into a world-class office building is one the city’s most prominent undertakings and we are pleased to be partnering with KPF, Ronald Lu & Partners, Gammon Construction and CBRE on this unique redevelopment project. The overall project is aligned with the Group’s commitment to ensuring excellence and quality in every aspect of the design and construction, with particular emphasis on best practices in sustainable building. We have also appointed Hongkong Land to provide their renowned, best-in-class asset management services. Upon completion, the complex will not only offer exceptional working spaces for tenants, but also a wide variety of international restaurants and bars to cater for tenants and visitors. The project is due to be completed by the second quarter of 2025 and is set to become a new landmark in the heart of Causeway Bay.”
Ada Fung, Executive Director, Head of Advisory & Transaction Services – Office, CBRE Hong Kong, said: “We are delighted to be appointed as the lead leasing agency for the office space of this remarkable redevelopment project. Causeway Bay is a very unique location in the heart of Hong Kong, best known for its dynamism and vibrancy, an energetic place to work, live, and play. The brand-new One Causeway Bay will stand out at this exclusive historical location, with the incomparable view of the world-acclaimed Victoria Harbour and its bustling surroundings. This new commercial building will become an icon of Causeway Bay, an ideal choice for tenants who seek a sense of excitement and inspiration in life.”
