(28 September 2023, Hong Kong) Edrington, a company well-known for ultra-premium spirit brands including The Macallan, Highland Park and The Glenrothes single malt whiskies, closed a significant leasing transaction of an approximately 17,000 sq. ft. office space at Two Pacific Place, Admiralty, with the help from CBRE Hong Kong.
As the strategic real estate advisor for Edrington, the CBRE Hong Kong Advisory & Transaction – Office Services team successfully helped the company to upgrade and expand the office in the core business district in the grade A office building by leveraging the current office market.
Centrally located above the Admiralty MTR interchange station, Pacific Place is home to five-star hotels, office towers and a shopping mall. Along with stylish shopping and dining experiences, Pacific Place provides tenants with exceptional connectivity.
“Employee and client experience has always been at the heart of everything we do. We are now perfectly placed to further manifest our core values in the way we do business, and to cultivate our relationship with our people by providing greater convenience, wellness, sustainability opportunities and an overall enhanced employee experience. We are very excited to be moving to a Swire Properties’ portfolio and have a future-proof workplace at Two Pacific Place as we continue our growth story in this important market,” said Jaime Martin Chocano, Managing Director, North Asia, Edrington.
“We are delighted to have facilitated this leasing deal for Edrington by leveraging the current market conditions. The client’s strategic move to one of Hong Kong’s most desired business addresses represents a remarkable flight-to-quality story as it underscores its long-term commitment to Hong Kong and the broader Asia market as well as its determination to optimize its employee experience. We believe this is now an opportune time for companies to revisit their real estate strategy and re-centralize to quality buildings in core business district of Hong Kong,” said Tom Gaffney, Regional Managing Director, CBRE Hong Kong.
“We are delighted that Edrington is embarking on a significant upgrade of their office location to Pacific Place. This strategic move speaks volumes about Pacific Place’s unparalleled location, user-centric and versatile workspace, and wide range of supporting amenities,” said Don Taylor, Director, Office at Swire Properties. “This also serves as a strong testimony to our leading ESG credentials, which have become a crucial factor in driving tenants’ choice of real estate. We look forward to welcoming the Edrington team to our Pacific Place community and supporting their continued growth ambitions.”
Edrington will be moving to Two Pacific Place in the fourth quarter of 2023.