Hong Kong office landlords are increasingly looking to mainland firms and especially big financial institutions to take up space being vacated by existing tenants.
In one deal, Industrial and Commercial International Capital, a subsidiary of the nation's biggest bank, Industrial and Commercial Bank of China, leased 30,000 square feet on two floors at Three Pacific Place in Admiralty, property agents said.
Agricultural Bank of China, the mainland's third-largest bank, meanwhile took a lease on 10,000 sq ft of space at One Pacific Place. Agents believed the bank leased the space as part of its plan to list in Hong Kong next year.
South China Morning Post