| Exchange Square | |
|---|---|
| 交易廣場 | |
One and Two Exchange Square |
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| General information | |
| Type | Office |
| Location | Hong Kong |
| Coordinates | |
| Construction started | ? |
| Completed | 1988 |
| Opening |
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| Cost | Whole project: US$256,410,257 |
| Height | |
| Roof | 188 m (617 ft) |
| Technical details | |
| Floor count |
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| Floor area | Total: 130,680 m2 (1,406,628 sq ft) |
| Elevator count |
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| Design and construction | |
| Owner | Hong Kong Land |
| Main contractor | Gammon Construction |
| Architect | Palmer & Turner |
| Developer | Hong Kong Land |
| References | |
| [1] | |
The Exchange Square (Chinese: 交易廣場; pinyin: Jiāoyì Guǎngchǎng) is a building complex located in Central, Hong Kong. It houses offices and the Hong Kong Stock Exchange. It is served by the Central and Hong Kong stations of the MTR metro system.
Most part of the Exchange Square is owned by Hong Kong Land, with the remaining portions owned by the American Club of Hong Kong and the Government. The building has three blocks, namely, One Exchange Square, Two Exchange Square and Three Exchange Square, and a shopping block, namely, The Forum. The ground level also houses a large-scale bus terminus, named Central (Exchange Square) Bus Terminus, which have a large number of bus routes bound for different area within Hong Kong.
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The property is the home of the Stock Exchange of Hong Kong since the 1980s. It also houses many international banking and law firms including Credit Suisse, Bank of Montreal, Lloyd George Management, Latham & Watkins, Freshfields Bruckhaus Deringer, Allen & Overy and Allens Arthur Robinson. It is also home to the consulates in Hong Kong of Argentina, Canada, Japan, and the American Club of Hong Kong.
Hong Kong Land tendered the Government for the plot for $4.76 billion in February 1982, when the market was at a record high. Prices subsequently dropped, necessitating its debt to be restructured. In February 1983, HKL obtained an eight-year loan of $4 billion, a record. In December 1983, it announced that the plot was to be mortgaged to secure a $2.5 billion loan facility.[2] The second instalment of $2 billion on the plot was due in the financial year 1984/85[3]
Development cost HK$750m, 32 storey 322,000-square-foot (29,900 m2) office tower, 32,000-square-foot (3,000 m2) mall, substructure contractor Gammon Hongkong[4]
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