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HKEX to pay US$812 million for office, retail space in Exchange Square as permanent home

SCMP LogoSCMP5h ago

HKEX to pay US$812 million for office, retail space in Exchange Square as permanent home - SCMP

Quick Summary:

Purchase follows the Securities and Futures Commission’s acquisition of its own permanent office in Quarry Bay in late 2023.

Thursday’s sale also expedites Hongkong Land’s asset-reshuffling plan to raise US$10 billion from its portfolio and refocus on the “ultra-premium” property market in the region following a strategic review in October.

It aims to turn the property into its permanent home after operating at the site for nearly four decades.

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HKEX to pay US$812 million for office, retail space in Exchange Square as permanent home - SCMP (Picture 1)

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Article Details

Author / Journalist: Cheryl Arcibal

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 18:58:22 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 264 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 53 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28188668

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About SCMP

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Main Topics: Business

Official Website: scmp.com

Update Frequency: 16 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

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