FWD expands Taikoo Place office to become largest tenant at Swire Properties complex

FWD expands Taikoo Place office to become largest tenant at Swire Properties complex

FWD Hong Kong has signed a decade-long lease for 330,000 sq ft of office space in Taikoo Place, marking the largest office rental deal in the city this year, according to a joint statement from landlord Swire Properties and the insurer on Wednesday.

The company would consolidate and expand its presence in the Devon House building by adding four and a half floors to accommodate business growth. The expansion will make FWD the largest office tenant in Taikoo Place, a complex featuring 10 prime office towers. Devon House will be renamed FWD Tower next year.

“Establishing FWD Tower as our Hong Kong headquarters marks a major milestone in our growth journey and reflects our long-term commitment to the city’s role as a global financial hub,” said Ken Lau, Hong Kong CEO and managing director of Greater China.

FWD has been a tenant in Taikoo Place since 2014.

Ken Lau, managing director of Greater China and Hong Kong CEO of FWD (left), and Tim Blackburn, CEO of Swire Properties (right). Photo: Handout

“We are delighted to strengthen our long-term partnership with FWD through this significant expansion,” said Tim Blackburn, CEO of Swire Properties.

“The recent completion of the Taikoo Place redevelopment project has established a new benchmark for the office sector in Hong Kong, and will significantly contribute to the city’s competitiveness as a global financial centre,” he added.

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