Knight Frank, a global property consultancy firm, has been appointed by the Receivers and Managers (Messrs Cosimo Borrelli and Ma Siu Ming Simon) as the sole agent for the sale of Goldin Financial Global Centre (GFGC), No. 17 Kai Cheung Road, Kowloon Bay, Kowloon, Hong Kong. The Invitation of Expression of Interest date is on or before 12 noon on 11 November 2020 (Wednesday) (Unless Previously Sold or Withdrawn).
GFGC is an exceptionally well-built, award-winning Grade A office building with some of the highest specifications in Kowloon East. Completed in 2016, the 28-storey office building has a plot ratio gross floor area of 852,433 sq ft and is located on a site area of 71,042 sq ft. The uniquely designed facade makes the building an eye-catching commercial landmark in Kowloon East. Additionally, the building has been awarded Platinum certification by Leadership in Energy & Environmental Design (LEED), a US-based green building certification programme; as well as a Gold rating (provisional) by the Hong Kong-based environmental assessment scheme, BEAM Plus. Moreover, the building has a prestigious main lobby with rare clear headroom of 9.3 metres and it offers spacious single floor area of approximately 35,000 sq ft, which is regarded as one of the largest among Grade A office buildings in Kowloon Bay. GFGC is 76% occupied with an excellent mix of international and local tenants. The bulk of the tenants are involved in Property & Real Estate, Jewellery, Retail Services, Financial Services and Building Services companies. Based on the exceptional quality of the building, the sale price of GFGC is expected to exceed (subject to contract) HK$12 billion, equivalent to a unit price of over HK$14,000 per sq ft on the plot ratio gross floor.
GFGC is strategically located on a prominent island site with three street frontages, bounded by Kai Cheung Road, Wang Kwong Road and Kai Shun Road, in Kowloon Bay, within easy reach to both Kai Tak and Kowloon Bay MTR Station. Kowloon Bay is a developing commercial district within Hong Kong’s greater CBD2 precinct and the home to many multi-national corporations, global banks, insurance firms, financial institutions and local businesses. The district has a mixture of Grade A and Grade B office buildings, industrial-office / industrial buildings, with retail facilities focused around MegaBox and Telford Plaza. With the blueprint of ‘Energising Kowloon East’ and ‘CBD2’ promoted by the HKSAR Government, Kowloon East has become a focal point for commercial development.
According to Paul Hart, Executive Director, Greater China and Head of Commercial, it is rare to see en-bloc buildings of this quality come to market, and we are expecting strong interest from both core investors and owner-occupiers.
For further information about the Company, please visit KnightFrank.com.hk.
