The new lease agreement was signed by Tim Blackburn, Chief Executive, Swire Properties (right) and Lawrence Lam, Chief Executive Officer of Prudential Hong Kong Limited (left), marking a new chapter in the partnership.
Prudential Hong Kong Limited (“Prudential”) and Swire Properties today signed an agreement for the expansion and upgrading of the insurance company’s premium office accommodation at Taikoo Place. Under this agreement Prudential’s total office space at Taikoo Place will increase to approximately 83,000 sq. ft., reinforcing the company’s commitment to Hong Kong and to Taikoo Place as its long-term headquarters.
Prudential has been an important part of the Taikoo Place office community since 2011. As part of its expansion plans in Hong Kong, Prudential will expand and consolidate its operations into One Taikoo Place and One Island East.
A ceremony to mark the signing of the new lease agreement was held at Taikoo Place, officiated by Tim Blackburn, Chief Executive, Swire Properties; Roy Shearer, Chief Financial Officer, Swire Properties; Don Taylor, Director, Office, Swire Properties; Lawrence Lam, Chief Executive Officer of Prudential Hong Kong Limited; Brian Chan, Chief Financial Officer of Prudential Hong Kong Limited; and, Viola Chan, Chief Human Resources Officer of Prudential Hong Kong Limited.
Tim Blackburn, Chief Executive of Swire Properties, said:
“We are delighted to continue our long-term partnership with Prudential Hong Kong at Taikoo Place. As part of our HKD100 billion investment plan, we will continue to invest in Taikoo Place to ensure it remains a well-connected and amenity-rich global business district. As Hong Kong continues to reinforce its status as an international financial centre, Taikoo Place is well positioned to serve the evolving needs of leading corporates from Hong Kong, the Chinese Mainland and overseas.”
Lawrence Lam, Chief Executive Officer of Prudential Hong Kong Limited, said:
“Our expanded presence at Taikoo Place reflects our confidence in Hong Kong’s future and the opportunities we see
in one of the world’s leading international financial and insurance hubs. As customer needs continue to evolve and demand for long-term health, protection and wealth solutions grows, we are investing in our people, capabilities and workplace to foster greater collaboration and drive innovation, enabling us to better serve our customers. This expansion enhances the employee experience and positions us for the next phase of our growth.”
Don Taylor, Director, Office of Swire Properties, said:
“Prudential’s continued expansion underscores Taikoo Place’s strengths as a location for multinational corporations, and in particularly leading insurance companies as we become the largest insurance hub on Hong Kong Island. As we differentiate our product offer, service delivery and our commitment to sustainability, Taikoo Place continues to benefit from the ‘flight to quality’ trend.”
Viola Chan, Chief Human Resources Officer of Prudential Hong Kong Limited, said:
“People are the greatest strength of any company. Creating an environment where they can thrive, grow and do their best work is an important part of our commitment to employee wellbeing and development. Our latest employee survey reflected a growing sense of engagement among our people and reinforced what colleagues value most about Prudential: an inclusive, respectful and collaborative culture, with a strong sense of teamwork and belonging. As we look ahead, our expanded workplace will create even greater opportunities for collaboration, learning and connection, helping our people continue to thrive together.”
From left to right: Ms Viola Chan, Chief Human Resources Officer, Prudential Hong Kong Limited; Mr Brian Chan, Chief Financial Officer of Prudential Hong Kong Limited; Lawrence Lam, Chief Executive Officer of Prudential Hong Kong Limited; Tim Blackburn, Chief Executive, Swire Properties; Roy Shearer, Chief Financial Officer, Swire Properties; Don Taylor, Director, Office, Swire Properties
Beyond the premium office environment and accessibility provided at Taikoo Place, Prudential also recognises the value of Swire Properties’ holistic tenant support, including a diverse array of amenities, various engagement initiatives and sustainability-focused programmes such as the Green Performance Pledge (GPP). Prudential has participated in this industry-leading programme since 2022, which reflects Prudential’s continued efforts to reduce electricity consumption, water usage and waste production, supported by the professional expertise offered by Swire Properties.
Together with Cityplaza, Taikoo Place is one of Hong Kong’s leading business and retail locations and is home to a diverse community of financial institutions, professional services firms and global enterprises, with more than 35,000 office workers. The portfolio maintains a strong occupancy rate of 90%. As a pioneer in sustainable real estate, Taikoo Place holds top-tier green and wellness credentials across the portfolio, including prestigious Platinum ratings under WELL, BEAM Plus and LEED. These certifications reinforce Taikoo Place’s appeal to quality-focused tenants seeking a connected, sustainable and people-centric workplace.