Exchange Square (Hong Kong)

Exchange Square
交易廣場

One and Two Exchange Square
General information
Status Complete
Type Office
Location Hong Kong
Coordinates 22°17′2″N 114°9′30″E / 22.28389°N 114.15833°E / 22.28389; 114.15833Coordinates: 22°17′2″N 114°9′30″E / 22.28389°N 114.15833°E / 22.28389; 114.15833
Construction started 1983
Completed 1988
Opening
  • Phases 1 & 2: 1985
  • Phase 3: 1988
Cost Whole project: US$256,410,257
Owner Hong Kong Land
Height
Roof 188 m (617 ft)
Technical details
Floor count
  • Tower 1: 52
  • Tower 2: 51
  • Tower 3: 33
Floor area Total:
130,680 m2 (1,406,628 sq ft)
Lifts/elevators
  • Towers 1 & 2: 22 + 2
  • Tower 3: 12
Design and construction
Architect Palmer & Turner
Developer Hong Kong Land
Main contractor Gammon Construction
References
[1]

Exchange Square (Chinese: 交易廣場; Jyutping: gaau1 jik6 gwong2 coeng4) 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. A shopping block known as The Forum was redeveloped as an office building in 2011-14.

The ground level houses a large bus terminus, Central (Exchange Square) Bus Terminus.

Tenants

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 Bank of Montreal, Lloyd George Management, RPC, Latham & Watkins, Freshfields Bruckhaus Deringer, Allen & Overy and Allens Arthur Robinson. Exchange Square is also home to the consulates in Hong Kong of Argentina, Canada, Japan, the Hong Kong International Arbitration Centre, and the American Club of Hong Kong.

Plot

Hong Kong Land tendered the Government $4.76 billion for the plot 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]


Phase three

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 Hong Kong[4]

The Forum

The Forum (Chinese: 富臨閣) was a shopping complex at the podium level. From 2011 to 2014 it was redeveloped into a seven-storey office building with a floor area of 4,460 sq m. It is wholly occupied by Standard Chartered Bank. The plaza outside the forum includes a landscaped roof garden, stepped terraces and fountains, and a collection of sculptures by artists such as Henry Moore, Ju Ming and Dame Elizabeth Frank.[5][6]

See also

References

  1. ↑ Exchange Square at Emporis, Accessed 2007-09-13
  2. ↑ Lau Wai-kong, $2.5B STANDBY FACILITY - Land mortgages Phase One of Exchange Square, The Standard, December 9, 1983
  3. ↑ Michael Blendell, Bark worse than his bite, South China Morning Post, March 1, 1984
  4. ↑ John Mulcahy, Hongkong Land plans third tower, South China Morning Post, January 29, 1985
  5. ↑ Hongkong Land Official Site
  6. ↑ New way to The Forum The Standard, retrieved Jan 27, 2012
  7. ↑ "The Forum, Hong Kong (Completion year: 2014)". HKIA. Retrieved 8 July 2014.
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