Wheelock tops out One Bay East
Wheelock Properties Limited and Manulife (International) Limited jointly hosted the topping out of West Tower at One Bay East today, marking a significant construction milestone by putting the final shovel of sand atop the development. One Bay East–West Tower was acquired by Manulife (International) Limited in April 2013 and will serve as the headquarters for Manulife’s Hong Kong’s operation.
Located at 83 Hoi Bun Road, Kwun Tong, One Bay East is a twin tower office development in the heart of Hong Kong’s new CBD. The two towers were pre-sold to Manulife (International) Limited and Citi, two leading global financial institutions, at a total of HK$9.925 billion. The development is scheduled for completion by the end of 2015.
Wheelock’s investment in Kowloon East reinforce the Group’s commitment to help build a new commercial hub for Hong Kong. Wheelock Properties’ Kowloon East Portfolio includes a gross floor area of 2 million square feet. Subsequent to One Bay East, the company has a timely plan to redevelop the current Wharf T & T Square into a 600,000 square foot grade-A waterfront office building. There is a redevelopment plan for Kowloon Godown, and an upcoming residential development at the newly acquired site at Kai Tak.
