Viva Place officially up for lease

_{(Left to right) Alfred Choi, Executive Director of Viva Properties and Paul Yien, Head of Landlord Representative at Office Leasing Advisory at JLL}

Hong Kong, 11 April 2024 – Viva Place (ViP), a Grade A commercial building developed by Viva Properties, is now open for lease after receiving the occupation permit in January. JLL has been appointed as the sole leasing agent and property manager for the project. Prior to completion, ViP already secured leases for a total gross floor area of 24,000 sq ft of office space with two tenants as Island South has emerged into a new up-and-coming business district in Hong Kong.

Benefiting from quick transport links to Hong Kong’s core business districts, the building attracted a financial institution relocating from Central to lease a whole floor with gross floor area of 12,000 sq ft. Another technology company leased another floor of 12,000 sq ft, moving from the same district to upgrade its office space.

ViP is the most premium office development located at No. 36 Heung Yip Road in Island South, the main commercial avenue of the district. The excellent location puts ViP only a short three-minute walk from MTR Wong Chuk Hang station and only two stops from the major travel hub of MTR Admiralty station, the only MTR station served by four railway lines. As such, the office building provides exceptional accessibility and connectivity to the heart of Hong Kong’s core business district.

The building has 27 floors above three basement levels for parking. It has a total gross floor area of approx. 300,000 sq ft and a sizable regular floor plate of approx. 12,000 sq ft, and each floor has a clear floor-to-ceiling height of 2.9 metres. The occupants at ViP will be surrounded by green spaces, including features floors with terraces and a greenery area on 1/F and 2/F, the Sky Garden on the 16/F, and a Rooftop Garden, all providing ideal spots to rejuvenate and serve as venues for hosting corporate events.

Paul Yien, Head of Landlord Representative of Office Leasing Advisory at JLL in Hong Kong, said: "Following the completion of the MTR South Island Line, shopping mall and large residential projects in Wong Chuk Hang, alongside the advancement of commercial and transport infrastructure, this district has become one of the emerging commercial districts on Hong Kong Island. Situated in a prime location, ViP offers spacious floor plates and highly competitive rental packages in the current market. It is expected to attract corporate tenants from neighbouring traditional business districts such as Central and Admiralty who are looking for efficient office space for their mid-back office operations, including professional services, insurance and financial institutions. In addition, ViP's stylish design and exceptional quality make it a premium choice for tenants in the same district looking to upgrade their office. It is also expected to be highly sought after by technology companies and retail brands already clustered in the district."

Alfred Choi, Executive Director of Viva Properties, said: "ViP stands as a new iconic landmark in the portfolio of Viva Properties. Beyond its unique design and impeccable quality, the property is a true embodiment of sustainable green building practices including a Sky Garden and Rooftop Garden. With the use of environmentally friendly and energy efficient materials, coupled with smart building technologies and a comprehensive array of wellness-oriented amenities, we aim to provide our tenants with a healthy and highly efficient working environment. ViP is set to become the coveted address for tenants who prioritise sustainable workplace and well-being of their staff."

Viva Properties, established in 2017 by Viva Group with a 50-year history, focuses on real estate development. With deep roots in Island South and building on half a century of shared history with the neighbourhood, Viva Properties is committed to driving the transformation of Island South and building quality commercial real estate developments, contributing to the revival of the district.

Viva Group is a global leader in media packaging, healthcare packaging and personal protection equipment. Its businesses have expanded to North America and Europe, with manufacturing lines in Hong Kong, Toronto and Poland.