JPMorgan Chase has committed to leasing about 250,000 sq ft of space in the new Sun Hung Kai Properties (SHKP) office towers in Hong Kong’s West Kowloon district for 10 years, making the US investment bank the anchor tenant of the 700,000 sq ft mixed-use development, the Hong Kong-listed developer said on Friday.
Artist Square Towers (AST) will house the bank’s Kowloon office, which is currently located at The Quayside in Kowloon East, starting in the latter half of 2028, according to an internal JPMorgan memo seen by the South China Morning Post. The bank would keep its office in Central, the city’s main business district, it added.
“We are honoured to have JPMorgan as the anchor tenant of this landmark project,” said Raymond Kwok, chairman and managing director of SHKP, in the statement. “Their long-term commitment underscores West Kowloon as Hong Kong’s Central 2.0. It also stands as a resounding vote of confidence in Hong Kong’s enduring strength as a premier international financial centre.”
Targeted for completion in 2027, AST comprises three harbourfront blocks – East Tower, West Tower and South Tower – offering about 672,000 sq ft of premium office space and 27,000 sq ft of retail space. The East and West Towers are linked across the top eight floors, with JPMorgan taking the top six connected floors.
The decision to move to Hong Kong’s main cultural hub will provide the bank’s employees with expansive retail spaces, wide dining options and convenient transport links – including the MTR’s Kowloon and Austin stations, the Airport Express, WestK Ferry and the high-speed rail to mainland China.
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