JLL appointed as lead office and retail leasing agent for Central Crossing

HONG KONG, 22 September 2025 – JLL is pleased to announce its appointment as the lead office and retail leasing agent for Central Crossing, a new landmark commercial development in Central by Wing Tai Properties Limited and CSI Properties Limited. Strategically located in the heart of Central, Central Crossing will integrate Grade A office space, a luxury international hotel, and premium retail space within a single, high-profile destination. As the district's first integrated hotel-office mixed-used development in two decades, it is poised to become a dynamic centre for business and a new lifestyle hub. The project is scheduled for completion in mid‑2026, with leasing activities now officially underway.

With internationally renowned architectural firm Foster + Partners as Master Architect, Central Crossing at 118 Wellington Street will deliver approximately 433,000 sq ft of gross floor area. The development comprises two distinct towers: a 28‑storey Grade A office tower with integrated retail space, offering typical floor plates of 10,600 sq ft; and a luxury international hotel featuring a full suite of lifestyle and leisure amenities. Beyond its core office and hospitality components, Central Crossing will incorporate curated retail and dining experiences, unique recreational areas, landscaped green spaces, and heritage preservation elements, bringing a fresh perspective to Hong Kong's commercial landscape.

Benefitting from a prime address and excellent connectivity, Central Crossing is seamlessly linked to major commercial and financial institutions via Central's extensive elevated pedestrian walkway network. The development is just minutes' walk from MTR Central Station, Hong Kong Station, and the Airport Express, ensuring convenient access across the city and beyond. Surrounded by an array of top-tier restaurants and bars the location offers outstanding convenience and appeal for occupiers and visitors alike.

Edward Noble, Senior Director of Office Leasing Advisory at JLL, said: "We are delighted to be appointed as the lead leasing agent for Central Crossing. Following the success of IFC, this development represents not only Central's first new Grade A office development with hotel amenities in 20 years, but will also stand as Hong Kong's sole such new offering within the next five years, making it a truly rare and compelling proposition. With typical floor plates exceeding 10,000 sq ft and highly adaptable layouts, the building is designed to meet the needs of a wide range of occupiers. As the office leasing market continues its recovery, demand for premium Grade A buildings is growing. Our research indicates that rents of Grade A1 landmark offices in Central have stabilised since March, falling by only 0.8% year-to-date, while overall Grade A office rents declined by 3.2% over the same period. We believe Central Crossing is well-positioned to become one of the city's most sought-after business addresses, particularly attracting tenants from financial institutions, professional services firms, and technology companies."

A defining feature of Central Crossing is its unique historical and cultural context. Positioned between three of Central's most prominent heritage landmarks — Tai Kwun, PMQ and Central Market — the development is the first and only Grade A office project under the Urban Renewal Authority to be constructed on a historically significant site. Its architectural design thoughtfully integrates heritage structures dating back to the 1880s, preserving the city's cultural legacy while introducing a contemporary addition to Central's skyline. This fusion of old and new contributes meaningfully to the district's ongoing revitalisation and reinforces Central Crossing's role as a landmark destination.

Michelle Chiu, Director of Retail at JLL in Hong Kong, said: "The retail leasing market has remained resilient in the first half of the year, with F&B tenants particularly active. About 72% of the new comers to Hong Kong's retail market are in the F&B sector. These tenants typically seek prime locations in core districts and favour distinctive spaces that elevate their brand experience. In Central, occupancy rates for retail units suited to F&B operators stood at over 90% as of the end of August, with new availabilities being taken up almost immediately upon listing. Central Crossing presents a rare opportunity to lease retail space within a heritage setting, with its commitment to preserving the historical character of the site. Combined with the thoughtfully designed leisure spaces envisioned by Foster + Partners, the development is ideally positioned to attract a diverse mix of retail and F&B brands seeking differentiated, high-impact locations."