Wharf's Gateway to TST

PUBLISHED : Wednesday, 30 June, 1993, 12:00am
UPDATED : Wednesday, 30 June, 1993, 12:00am

MORE than 10 per cent of Wharf's Gateway project is under offer - just two weeks after the launch of its marketing campaign.


A further 20 per cent was under negotiation, a spokesman for marketing agent Harriman Leasing said.


The potential clients included multi-national companies already present in Hongkong, some of which were looking to expand.


The Gateway will be the tallest building in Tsim Sha Tsui, with 1.2 million square feet of Grade A office space.


The complex will boast intelligent building features such as a fully diversified fibre-optic telecommunications system.


The first phase of the twin-tower, 36-storey complex is scheduled for completion in March next year. Phase II will be completed by mid-1994.


Sole leasing agents First Pacific Davies and Richard Ellis expect the development to appeal to large companies and smaller tenants.


Michael Laven, executive director of First Pacific Davies, said many companies had been keen to move to the area for some time but had been waiting for accommodation of The Gateway's quality to become available.


Large floor plates from floors five to 28 are expected to attract large companies looking to lease an entire floor.


The twin towers are linked between these floors to provide plates of 37,000 sq ft.


Floors 29 to 36 are not connected and will therefore have plates of about 18,500 sq ft.


The two towers will be supported by a retail podium of 120,000 sq ft, which will also give direct access to the hotels, restaurants and shops of Harbour City, the biggest shopping arcade in the territory.