Prime en-bloc commercial building in Causeway Bay up for public tender

Hong Kong, 21 April 2026 – JLL, Colliers Hong Kong and Alaw Tree & Capital have been appointed as the joint lead agents for the sale of BIZ AURA, an en-bloc commercial building located at 13 Pennington Street, Causeway Bay, by public tender. Offering a compelling blend of stable immediate cash flow and significant conversion potential, the property represents a rare, high-quality core asset suitable for both short- and long-term investment. The tender will close at 12 noon on Tuesday, 9 June 2026.

BIZ AURA provides a total gross floor area of approximately 36,100 sq ft. The ground to 3rd floors are served by an exclusive lift, while the 4th floor features a dedicated podium. The retail floors are currently leased to a mix of chain restaurants and specialty eateries, benefiting from consistently high footfall. The office accommodation, occupying the 5th to 24th floors, offers exclusive whole-floor layouts of approximately 1,380 sq ft per storey. With a column-free configuration and an approximate ceiling height of 3.15 metres, the space provides a highly efficient and flexible environment suitable for a broad range of business occupiers.

Strategically positioned in the heart of Causeway Bay, one of Hong Kong Island's most sought-after districts where retail, tourism, and commerce intersect, the property benefits from a prime location with exceptional transport connectivity and comprehensive commercial amenities. It is approximately a three-minute walk from MTR Causeway Bay Station, providing swift access to major business hubs including Central and Wong Chuk Hang.

The property is to be sold on an "as-is" basis with existing tenancies, with a high occupancy level. The current rental income provides the buyer with immediate and stable cash flow, helping to offset holding costs and lock in returns, allowing investors to generate revenue without waiting for asset appreciation or repositioning. Given the robust leasing demand and the scarcity of en-bloc commercial buildings in the district, the property holds significant potential for rental appreciation.

A key differentiator of the property is its exceptional versatility. BIZ AURA offers an elegant, contemporary lobby and high-quality building specifications. It is already equipped with comprehensive E&M, plumbing and drainage, ventilation and fire safety systems, alongside modern amenities such as high-speed fibre connectivity, reliable utilities and smart management systems. Buyers can leverage the existing infrastructure to pursue asset enhancement, reducing capital expenditure and approval risk while enabling efficient, cost-effective entry into high-growth markets.

Eunice Tang, Executive Director of Capital Markets at JLL in Hong Kong, said: "This tender offers a unique convergence of short- and long-term investment advantages. In the short term, the existing stable tenancy profile delivers excellent cash flow. From a medium-term strategic perspective, the building's specifications support refurbishment and asset enhancement to meet evolving market needs. In the long run, en-bloc commercial buildings in core districts are extremely scarce. Coupled with strong leasing demand in the surrounding area, assets of this calibre are highly sought after by Mainland investors, family offices, and high-net-worth individuals. We expect this tender to draw strong market attention and attract investors keen to capitalise on this opportunity."

Andrew Ng, Senior Director of Capital Markets & Investment Services at Colliers Hong Kong said: "BIZ AURA stands out due to its original development as a hotel and subsequent conversion into a commercial building, while retaining robust underlying infrastructure that offers considerable flexibility for future repositioning. The property benefits from a clear separation between retail and office components and features dedicated lift provisions for the commercial floors, supporting enhanced tenant and visitor flow management, improved operational efficiency and reduced peak-hour congestion. Such assets are particularly scarce in the core area of Causeway Bay. With both conversion potential and long-term capital appreciation prospects, the property offers investors a range of development strategies, including repositioning or long-term holding."

Angel Law at Alaw Tree & Capital added: "Fully en-bloc properties in prime Causeway Bay locations are rare, particularly with major nearby commercial developments set to be completed. This asset is expected to attract strong market attention and keen interest from buyers."

For more information, please contact Eunice Tang of JLL at 9520‑8669 or via email at Eunice.tang@jll.com.