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Hongkong Land to sell 147,025 sq ft of One Exchange Square to HKEX for HK$6.3 bil

Nicole Lim
Nicole Lim • 2 min read
Hongkong Land to sell 147,025 sq ft of One Exchange Square to HKEX for HK$6.3 bil
The total cash proceeds will be used to provide enhancements to the property, reduce the net debt of HKL and go towards its share buyback programme. Photo: Hongkong Land
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Hongkong Land Holdings Limited (HKL) is selling 147,025 square feet (sq ft) of One Exchange Square to Hong Kong Exchanges and Clearing (HKEX) for HK$6.3 billion ($1.07 billion).

The company is also entering into a new long-term lease for circa 63,000 lettable sq ft in Two Exchange Square with respect to space currently occupied by HKEX.

The 147,025 sq ft of One Exchange Square includes the top nine floors which is currently its permanent headquarters in Hong Kong, and a retail space on levels one and two. The retail space will be enhanced into an immersive lobby for HKEX.

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