Facebook to set up home at One Taikoo Place

Swire Properties is said to have scored a coup with Facebook reportedly signing up for multiple floors in the developer’s One Taikoo Place project.

The social networking site is said to have pre-leased around 100,000 square feet (9,300 square metres) in the 1-million-square-foot office tower, which is currently under construction in the Quarry Bay area, according to a Mingtiandi report citing the Hong Kong Economic Times.

Facebook’s commitment translates into four or five floors in One Taikoo Place, reportedly in the lower zone. Floorplates in the tower, which is currently being built by Gammon Construction, average around 21,000 square feet by leasable area. In 2014, Facebook leased a whole floor in Swire’s One Island East in Taikoo Place.

Swire is also said to be in advanced negotiations with US law firm Baker McKenzie for a similar-sized space in the 48-storey building, which is expected to be open in mid-2018. One Taikoo Place is part of a HKD15 billion Swire investment in redeveloping the Taikoo Place area into a primary commercial hub (read our project feature here) with high grade office space. — Construction+ Online