Three major occupiers sign approximately 72,000 sq ft of new leases amid sustained demand for quality office space in Kowloon East
PAG, an Asia-focused alternative investment firm, today announced that its Manulife Place office building in Kowloon East has reached nearly 95% occupancy following new leases with three major corporate occupiers totalling approximately 72,000 sq ft. The transactions underscore the property’s continued appeal to leading occupiers and Kowloon East’s growing role as a long-term business hub.
Manulife Place’s leasing performance is well ahead of the broader Kowloon East market, where average occupancy is around 80%, reflecting sustained demand for high-quality, well-connected office space in the district.
The latest leasing activity highlights both the building’s appeal and PAG’s differentiated approach. A US-headquartered consumer products company recently leased approximately 36,000 sq ft to consolidate and upgrade its office, with PAG adapting the existing fit-out to provide a turnkey solution tailored to its needs. A Hong Kong conglomerate with diversified businesses leased approximately 18,000 sq ft, adopting PAG’s turnkey solution to upgrade its workplace. Pacific Prime, an international insurance brokerage headquartered in Hong Kong, also leased approximately 18,000 sq ft to upgrade and consolidate its office. The company is also a tenant at 18 Cross Street, PAG’s office asset in Singapore.
“These leasing decisions are a strong vote of confidence in Manulife Place and Kowloon East’s role as a long-term business hub,”
said Paul Tam, Director of Leasing and Operations at PAG.
“We are focused on creating practical, high-quality workplace solutions, and our turnkey capability gives tenants the flexibility to move faster, manage costs and adapt with greater ease.”
“Manulife Place provides our clients with a modern, accessible and highly efficient workplace designed to foster collaboration and service excellence,”
said Dick Tse, Senior Director, Office Leasing Advisory at JLL.
“Furthermore, the completion of the Central Kowloon Bypass has significantly enhanced regional connectivity, reducing travel times between West and East Kowloon to approximately 10 minutes from the previous 20 to 25 minutes. We are proud to have assisted our clients in securing space at Manulife Place, positioning their businesses to take full advantage of the building’s strategic location and high-quality office facilities.”
Manulife Place continues to attract multinational corporations and professional services firms seeking efficient floor plates, quality amenities, strong accessibility and compelling value. Its turnkey offering enables occupiers to upgrade or consolidate their offices with less fit-out complexity, greater cost efficiency and shorter move-in times.