AIA says new headquarters to feature campus-like workspace, as insurer plans for next 100 years
- Teardown works are set to get underway this month at AIA’s Stubbs Road headquarters
- Project is expected to take four years to complete
AIA plans to adopt an “urban campus” concept for its redeveloped Wan Chai headquarters as it seeks to attract the next generation of employees, according to its chief executive.
Ng Keng-hooi, group chief executive and president of AIA, said redevelopment work is expected to begin on its 50-year-old Stubbs Road headquarters this month.
The project, first reported by the Post in December, is expected to last four years.
“We call it an urban campus. We hope that it will become an iconic building in Hong Kong. So it’s a great start for the next 100 years,” Ng said.
“We will ensure that it looks very nice. It will have facilities in the building where people can mingle with each other,” he said.
While AIA did not disclose figures related to the project, analysts expect construction to cost HK$1.4 billion (US$178 million). When completed the site will be valued at HK$8 billion.
Ng said the building, completed in 1969, reflected the hierarchical structure of corporate culture at the time.