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Disney's fun park to boost demand

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Peggy Sito

A subsidiary of Wharf (Holdings) expects a pick-up of leasing activity in the office property market early next year.

New demand is expected to come from projects related to the Disney theme park.

Doreen Lee Yuk-fong, general manager of Wharf's unit Harriman Leasing, said the construction of the theme park on Lantau, a venture between Hong Kong Government and Walt Disney, would attract various multinational companies including infrastructure firms in Hong Kong.

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She said that would boost demand in the office sector and the company's office properties would also benefit.

Wharf's major office property on the leasing market is its Gateway II - the three-tower development in Canton Road, Tsim Sha Tsui.

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The project comprises 2.7 million square feet of retail, office and serviced apartments.

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