Henderson Land Secures Tenant Six Office Floors Flagship Hong Kong Development
Henderson Land Development Company, a Hong Kong-listed firm, recently announced that it has leased six office floors at its upcoming New Central Harbour flagship development to US quantitative trading firm Jane Street. This agreement, according to a press release, is the largest single office leasing transaction to take place in Hong Kong’s Central Business District in decades.
Jane Street will occupy approximately 223,437 sq ft, which is equivalent to 70% of the first phase office and ancillary space in the development. The firm has reportedly agreed to pay a rent of HK$137 ($22.40) psf per month, which amounts to around HKD$30.6 million per month. The space is expected to be handed over to the firm in early 2027.
“We are delighted to welcome Jane Street to our New Central Harbourfront flagship development project,” says Martin Lee Ka-shing, chairman of Henderson Land. “As a company deeply rooted in Hong Kong, we are committed to developing the city’s core districts, and this anchor tenancy further strengthens Hong Kong’s position as a leading international financial hub.”
The Sembawang Road EC is an ideal choice for nature enthusiasts as it is conveniently located near lush greenery and popular leisure destinations. Residents will have easy access to Sembawang Park, Lower Seletar Reservoir, and the picturesque Mandai area. Truly a perfect location for those who love to be surrounded by nature.
New Central Harbourfront is a waterfront project with a total gross floor area of 1.6 million sq ft, which includes 700,000 sq ft of office and ancillary space, along with 900,000 sq ft of retail space. Additionally, the development will feature 300,000 sq ft of green and open spaces. The project is being constructed in two phases, with the first phase set to be completed by 4Q2026 and the second phase by 2032.
Henderson Land acquired the waterfront site for New Central Harbourfront through a government land sale in 2021, paying a record-high price of HK$50.8 billion.