Freight forwarding and cyber-related services company 401.com, formerly known as AWT Holdings, plans to spend HK$30 million to HK$40 million upgrading 40 office blocks into intelligent buildings before the end of the year. Chairman Michael Chan Sing-fai said more developers had started to realise that many of their existing office properties could not provide the technological services demanded by tenants from telecommunications or Internet businesses. Through its 60 per cent-owned subsidiary Cyberoffice, the company was providing services to upgrade office buildings for developers and landlords and equip them with technology and facilities to meet demand. Cyberoffice had secured contracts in August to provide broadband and Internet services for 14 office blocks. Mr Chan said Cyberoffice had signed up another 15 office buildings to provide such services. He said Cyberoffice expects to expand its contracts to about 40 office buildings by the end of the year. The investment costs would be within HK$40 million. Cyberoffice is to provide the buildings with broadband Internet access, remote access to corporate networks, technical support and e-commerce consulting services. Mr Chan said 401.com had linked up with developers including Shun Tak Holdings, Lai Sun Development, Ryoden Development and Shui On Holdings to build technology networks such as broadband and data centre services within their office buildings. While exploring new opportunities, 401.com was also expanding its freight forward and logistics centre business. Mr Chan said it had opened a logistics centre at Chek Lap Kok airport early this year. The centre provided a gross floor area of 30,000 square foot. He said 401.com was also planning a more ambitious expansion of the logistics centre business into major cities in China, including Shanghai and Beijing. The firm hopes its logistics centre in Shanghai, will become its China headquarters.