HomeDiagramsDatabaseMapsForumSkyscraper Posters
     

Go Back   SkyscraperPage Forum > Discussion Forums > Buildings & Architecture > Completed Project Threads Archive

    

Hysan Place in the SkyscraperPage Database

Building Data Page   • Comparison Diagram   • Hong Kong Skyscraper Diagram
Hong Kong Forum   • Hong Kong Projects & Construction Forum
            
View Full Map

 

 
Thread Tools Display Modes
     
     
  #1  
Old Posted Mar 15, 2011, 5:14 PM
hkskyline's Avatar
hkskyline hkskyline is offline
Hong Kong
 
Join Date: Jan 2002
Posts: 5,569
HONG KONG | Hysan Place | 35 FLOORS | U/C

Hysan to redevelop Causeway Bay centre
17 January 2006
South China Morning Post



Hysan Development plans to spend $1.2 billion redeveloping its 25-year-old Hennessy Centre in Causeway Bay to cash in on the strong demand for prime retail space in one of the world's most expensive districts for shop rentals.

The 45-storey office and retail complex on Hennessy Road will be torn down in the fourth quarter and redeveloped with a heavy retail exposure in late 2009.

Hysan, the biggest landlord in Causeway Bay, said the new building would offer a gross floor area of more than 700,000 square feet, about the same as now.

However, the retail space would "substantially increase", compared with the under-utilised design of 150,000 sqft lettable space at present. No projected revenue growth from the redevelopment was available.

"It is a very prime location," BOC International analyst Ken Yeung Hoi-chuen said. "The redevelopment will enhance Hysan's net asset value, although the company will have to sacrifice some rental revenue in the next three years."

Hysan's earnings are expected to see 38.66 per cent growth to $844.81 million for last year but drop 11.4 per cent to $748.54 million this year, according to Thomson Financial's mean estimate of 12 brokers.

Some analysts estimated the company's rental revenue would fall about $200 million a year from 2007 to 2009 because of the redevelopment project.

Hysan's management believed the project would boost the quality of its four million sqft investment property portfolio and change Causeway Bay's skyline.

"The project will further rejuvenate the surrounding areas and the Causeway Bay district, thereby continuing to reinforce its position as a shoppers' paradise and prime commercial district in Hong Kong," managing director Michael Lee Tze-hau said.

Retail rents in Causeway Bay, ranked the second most expensive in the world by Cushman & Wakefield, jumped 25 per cent to $352 per square foot last year, according to Colliers International.

Built in 1981, Hennessy Centre has a gross floor area of 719,642 sqft. The building, which has seven levels of retail space, houses Japanese department store Mitsukoshi. The store will be closed in September when its lease expires.

Hysan, which originally opted for renovating the building, would not comment on how the redevelopment would affect the government's proposals to improve the shopping area of Causeway Bay, saying it was still in talks with the administration.

In 2004, the government asked Hysan to consider converting the five-level 263-space parking lot in Hennessy Centre into retail space to support its proposals to fully pedestrianise Kai Chiu Road, which runs behind the building.

Hysan was concerned that the move might entail expensive structural changes to the building.

The administration also proposed a 50-metre underground passage below Hennessy Road linking Hennessy Centre to the Sogo department store opposite.

Shares of Hysan closed down 0.25 per cent at $19.50 yesterday.

2/3


















__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | New York | London | Egypt | Venice | Shanghai | Macau | Tokyo | Taipei | Melbourne

Beijing, Seoul, Copenhagen, Vienna, Taj Mahal, Rocky Mountains, Toronto, and much more!
     
     
  #2  
Old Posted Aug 11, 2011, 4:06 PM
Travis007's Avatar
Travis007 Travis007 is offline
Registered User
 
Join Date: May 2011
Location: Toronto
Posts: 2,201
Renderings for this project, aka Hysan Place.

http://www.architecturelist.com/2010...s-hysan-place/



__________________
Flickr
     
     
  #3  
Old Posted Aug 11, 2011, 4:10 PM
Travis007's Avatar
Travis007 Travis007 is offline
Registered User
 
Join Date: May 2011
Location: Toronto
Posts: 2,201
Photos by Car L on SSC:

June 25, 2011.


http://www.skyscrapercity.com/showth...=37547&page=39







__________________
Flickr
     
     
  #4  
Old Posted Aug 11, 2011, 4:13 PM
Travis007's Avatar
Travis007 Travis007 is offline
Registered User
 
Join Date: May 2011
Location: Toronto
Posts: 2,201
Update photos by fatshe on SSC:

http://www.skyscrapercity.com/showth...=37547&page=40

July 31, 2011.





__________________
Flickr
     
     
  #5  
Old Posted Sep 13, 2011, 5:04 PM
hkskyline's Avatar
hkskyline hkskyline is offline
Hong Kong
 
Join Date: Jan 2002
Posts: 5,569
8/6



__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | New York | London | Egypt | Venice | Shanghai | Macau | Tokyo | Taipei | Melbourne

Beijing, Seoul, Copenhagen, Vienna, Taj Mahal, Rocky Mountains, Toronto, and much more!
     
     
  #6  
Old Posted Oct 16, 2011, 4:08 AM
hkskyline's Avatar
hkskyline hkskyline is offline
Hong Kong
 
Join Date: Jan 2002
Posts: 5,569
By fatshe :
9/17

Hysan Place





__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | New York | London | Egypt | Venice | Shanghai | Macau | Tokyo | Taipei | Melbourne

Beijing, Seoul, Copenhagen, Vienna, Taj Mahal, Rocky Mountains, Toronto, and much more!
     
     
  #7  
Old Posted Oct 16, 2011, 12:19 PM
Travis007's Avatar
Travis007 Travis007 is offline
Registered User
 
Join Date: May 2011
Location: Toronto
Posts: 2,201
Looks nice from afar. Glass cladding looks pretty high quality.
__________________
Flickr
     
     
  #8  
Old Posted Nov 11, 2011, 1:51 AM
hkskyline's Avatar
hkskyline hkskyline is offline
Hong Kong
 
Join Date: Jan 2002
Posts: 5,569
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | New York | London | Egypt | Venice | Shanghai | Macau | Tokyo | Taipei | Melbourne

Beijing, Seoul, Copenhagen, Vienna, Taj Mahal, Rocky Mountains, Toronto, and much more!
     
     
  #9  
Old Posted Feb 1, 2012, 4:11 PM
hkskyline's Avatar
hkskyline hkskyline is offline
Hong Kong
 
Join Date: Jan 2002
Posts: 5,569
Looks all done!

2/1

__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | New York | London | Egypt | Venice | Shanghai | Macau | Tokyo | Taipei | Melbourne

Beijing, Seoul, Copenhagen, Vienna, Taj Mahal, Rocky Mountains, Toronto, and much more!
     
     
  #10  
Old Posted Feb 15, 2012, 3:19 PM
hkskyline's Avatar
hkskyline hkskyline is offline
Hong Kong
 
Join Date: Jan 2002
Posts: 5,569
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | New York | London | Egypt | Venice | Shanghai | Macau | Tokyo | Taipei | Melbourne

Beijing, Seoul, Copenhagen, Vienna, Taj Mahal, Rocky Mountains, Toronto, and much more!
     
     
  #11  
Old Posted Jul 11, 2012, 4:30 AM
hkskyline's Avatar
hkskyline hkskyline is offline
Hong Kong
 
Join Date: Jan 2002
Posts: 5,569
Full house likely for Hysan Place
The Standard
Wednesday, July 11, 2012

More than 98 percent of Hysan Place in Causeway Bay has been leased out at an average price of HK$150 per square foot and Hysan Development Company (0014) expects the entire mall space of the office- cum-retail complex to be fully rented before doors open on August 10.

Tenants, including GAP and Jasons Food & Living, have signed contracts with a three- year tenure on average.

Hysan chief executive Lau Siu-chuen said about 40 percent of office space has been leased out.

"We expect a customer flow of 100,000 per day," said Cissy Chan Ching-sze, director of retail portfolio and marketing at Hysan Place.

Lau believes although the mainland economy is showing signs of declining, it will grow in the long term. "So Hysan is not worried about mainland customers' spending less at its malls," he said.

Chairman Irene Lee Yun-lien said they expect steady growth in revenue this year.

Hysan Place will consist of more than 120 shops.

Luxury travel retailer DFS Group has rented the largest retail area of 45,000 sq ft to open its third Galleria store in Hong Kong. It will be named T Galleria.

Speculation has been rife that US-based Apple Inc will open its second Hong Kong store at Hysan Place, paying a monthly rent of HK$5 million. Taiwan bookstore chain Eslite is expected to open an outlet.

The 36-story Hysan Place will consist of 15 levels of office space occupying a gross floor area of 240,000 sq ft and another 17 levels of retail space taking up 450,000 sq ft.

Hysan shares rose 0.8 percent to HK$31.50 yesterday.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | New York | London | Egypt | Venice | Shanghai | Macau | Tokyo | Taipei | Melbourne

Beijing, Seoul, Copenhagen, Vienna, Taj Mahal, Rocky Mountains, Toronto, and much more!
     
     
  #12  
Old Posted Nov 13, 2012, 11:39 AM
hkskyline's Avatar
hkskyline hkskyline is offline
Hong Kong
 
Join Date: Jan 2002
Posts: 5,569
7/29

__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | New York | London | Egypt | Venice | Shanghai | Macau | Tokyo | Taipei | Melbourne

Beijing, Seoul, Copenhagen, Vienna, Taj Mahal, Rocky Mountains, Toronto, and much more!
     
     
  #13  
Old Posted Nov 13, 2012, 4:28 PM
CarlosV's Avatar
CarlosV CarlosV is offline
Bionic Boogie
 
Join Date: Sep 2003
Location: New York City
Posts: 3,821
wow what a stunning building!!!!
__________________
I Love NY
September 11, 2001 Never Forget
Save water, shower with a friend!
SSP member since 2003
Please do not use any of my photos or videos without my permission. thanks
     
     
End
 
 
 

Go Back   SkyscraperPage Forum > Discussion Forums > Buildings & Architecture > Completed Project Threads Archive
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 5:12 PM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.