Viva Properties' Viva Place: A new iconic office tower at Island South
ViP raises the bar for workspace in the emerging commercial district
Hong Kong, March 27, 2023 – JLL is delighted to announce that the firm has been appointed by Viva Properties as the sole leasing agent and property manager of Viva Place ("ViP"), a Grade A commercial building. The property is set to be the new iconic building in Island South when completed.
Located at No. 36 Heung Yip Road, the main commercial avenue of Island South, ViP is the most premium office development in the area with completion slated for the fourth quarter of this year. The excellent location puts ViP only a short three-minute walk to MTR Wong Chuk Hang station and only two stops to the major travel hub of MTR Admiralty station, which is 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.
ViP has 27 floors on top of the three basement levels for parking. It has a total gross floor area of approx. 300,000 sq ft and a sizable floor plate of approx. 12,000 sq ft., with each floor having 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 greenery area, sky garden at 16/F and roof top garden, which provide ideal spots to take a break and rejuvenate.
Paul Yien, Head of Landlord Representation of Office Leasing Advisory at JLL in Hong Kong, said: "Located in a prime location, ViP provides convenient access to various business districts in Hong Kong. It is just two stops to MTR Admiralty station and the core business district yet offers highly competitive rents at the same time, thus making it an attractive option for businesses looking for office space that balances iconic design with impeccable quality."
"In addition, following the completion of MTR Wong Chuk Hang station, shopping mall and large residential projects, the district is undergoing a facelift and becoming one of the emerging commercial districts on Hong Kong Island. Given that the trend of businesses seeking high-quality office space outside the CBDs is on the rise and ViP is one of the few office buildings in this area which provides a sizeable floor plate of 12,000 sq ft, we expect ViP to become a highly sought-after project in the market and will attract multinational corporations who are looking for office space, as well as banking and financial institutions, insurance companies, retailers and professional services companies who plan to upgrade their workspace," he added.
Alfred Choi, Executive Director of Viva Properties, said: "Inspired by the fabric of the city with character, authenticity, and high-precision craftsmanship, ViP is a flagship Grade A commercial real estate project by Viva Properties. In the hope of providing tenants with a vibrant office environment, ViP offers top-notch business facilities, greenery spaces, and excellent connectivity to the Central and Admiralty CBDs. With a spacious floor plate and efficient floor plan that encourages collaboration for large corporations, ViP is an ideal option for tenants near the district and firms in other neighbourhoods looking to upgrade their offices."
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $20.9 billion, operations in over 80 countries and a global workforce of more than 103,000 as of December 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.