133 Wai Yip Street, a revitalized industrial building located in the emerging business hub of Kwun Tong, is up for lease. The new commercial building is easily accessible by public transport and is well-positioned to capture the strong demand for office and retail space in Kowloon East. CBRE has been appointed as sole leasing agent for the building.
Designed by renowned Dutch architect Winy Maas of MVRDV, the industrial building has been transformed into minimal yet stylish commercial building comprising a retail podium and office units on the upper floors. The transparent glass and open design aims to allow maximum light into the building. The top floor features a communal terrace for breaks and informal meetings.
The 14-story building has a gross area of approximately 192,857 sq. ft.. All office floors offer 14,710 sq. ft., with 80% floor plate efficiency, trendy open ceilings and green balconies.
“The upper office floors of 133 Wai Yip Street offer a unique opportunity for occupiers who are opting for a collaborative and innovative working environment. Its iconic building design represents an opportunity for office occupiers to reposition their brands and image.,” said Rocky Chan, Director, Advisory & Transaction Services – Office, CBRE Hong Kong. “The building is ideal for co-working space operators, technology companies and professional services providers.”
Located at the intersection of two main roads, the lower retail floors are ideal for showrooms, F&B concepts, fitness concepts and general retail. The retail spaces range from 2,500 sq. ft. to 37,748 sq. ft. The shops are sub-divisible, providing a flexible layout for retailers.
“With its proximity to Ngau Tau Kok MTR Station and the rare supply of retail shops in this up-and-coming neighbourhood, retailers will benefit from the growing workforce in Kowloon East,” said Nicola Tang, Associate Director, Advisory & Transactions Services - Retail, CBRE Hong Kong.
By
2020, the Kowloon East workforce will increase by 44,000 upon the completion of
4.7 million sq. ft. of commercial space in the district. From 2020 onwards the
workforce will grow by 98,000.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
