CF&E Land has acquired a premium office property at Lippo Centre Tower 2, 89 Queensway, in Hong Kong’s prestigious Admiralty district for HKD 35 million, further strengthening its exposure to one of the region’s leading financial and commercial centres. The approximately 2,000-square-foot office provides CF&E Land with a strategically located commercial asset in one of Hong Kong’s most established business districts.

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Completed in 1988 and designed by renowned American architect Paul Rudolph, Lippo Centre Tower 2 is one of Admiralty’s most recognisable commercial landmarks. Rising approximately 172 metres across 42 storeys, the building is distinguished by its reflective glass façade and distinctive protruding pod-like structures, contributing to the development’s well-known “Koala Tree” identity.

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Located at 89 Queensway, the property is positioned within a highly established commercial district surrounded by leading financial institutions, multinational corporations, government offices and major retail and commercial developments. Its proximity to Admiralty MTR station and Hong Kong’s extensive pedestrian network provides convenient connectivity to Pacific Place, United Centre and other key business destinations.

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The acquisition reflects CF&E Land’s strategy of acquiring strategically located commercial properties with strong long-term value and operational utility. The property provides CF&E Land with a premium office asset in the heart of Admiralty while strengthening its exposure to Hong Kong’s established commercial property market and its broader real asset portfolio across Asia.

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The acquisition was completed in December 2021, with full ownership held by CF&E Land. The property forms part of CF&E Land’s broader strategy of building a focused portfolio of strategically located real assets that combine operational utility, quality locations and long-term investment value.

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Purchase Date: 5 December 2021
Location: Admiralty, Hong Kong
Property: Lippo Centre Tower 2
Size: Approximately 2,000 sq ft
Acquisition Price: HKD 35 million
Ownership: Full Ownership

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