CBRE Appointed as Sole Agent for the Disposal of Big Orange, an En-Bloc Industrial Building in Tai Wai, by Public Tender

CBRE has been appointed by the owner as the sole agent to sell Big Orange, No. 2-8 Shing Wan Road, Tai Wai – an en-bloc industrial building. The property will be sold by public tender, with the tender closing date at 12:00 noon on 9 April 9 2025 (Wednesday).

Located in Tai Wai, Sha Tin District, Big Orange is at the heart of Kowloon and the New Territories, serving as the first passing point from Kowloon to New Territories. The property is situated in the Tai Wai industrial area, where vehicles only need to pass through one traffic light to access multiple main roads such as Tsing Sha Highway, Tai Po Road, and Shing Mun Tunnel Road, providing direct connections to major tunnels like Tate’s Cairn Tunnel, Lion Rock Tunnel, Eagle’s Nest Tunnel, and Shing Mun Tunnel leading to various districts in Kowloon within a 10–15-minute drive. Without doubts, the Tai Wai industrial area benefits from excellent transportation infrastructure. However, with only eight industrial buildings in the Tai Wai industrial area, owners have been cautious to sell their properties. Most owners in the area either use their properties for self-use or long-term investment purposes, such as the corporate headquarters at HK JEBN Group Center and the ongoing conversion works of San Miguel Industrial Building to upgrade it into a data centre for long-term investment purposes. It is evident that the Subject Property being sold is scarcely available in the market.

Big Orange is a nine-storey industrial building with a total gross floor area of approximately 236,148 sq. ft. The building is well-equipped with three elevators, a ground floor ceiling height of up to 5.4 meters, and 40-ft container truck parking spaces. The property has a ramp directly connecting to the 1/F carpark, providing 18 lorry parking spaces on the floor. The property currently features three large billboards, which are used by its well-known tenants, including the leading electric vehicle company BYD and the international online shopping logistics company Buyandship. With the advantage of being a corner building, it enjoys ample natural light and ventilation, and the land lease terms allow the property to be used for warehouse use, making it suitable for transformation into a mini-storage business.

Reeves Yan, Executive Director, Head of Capital Markets, CBRE Hong Kong said, "Big Orange is located at the geographical centre of Hong Kong, connecting to several main roads. Whether driving to Hong Kong Island or various major areas in Kowloon, it is within a 20-minute drive, and it takes no more than 30 minutes to travel to the mainland or the airport, making it an extremely strategic core location. Furthermore, the exterior wall of the building is designed in eye-catching orange, facing the Eagle’s Nest Tunnel entrance and exit. With heavy traffic, it provides significant exposure."

Mr. Yan continued, "In recent years, the e-commerce industry has rapidly expanded southward, with many related companies (such as Cainiao and JD) expanding their presence in Hong Kong. Earlier, the JD Group also invested approximately HK$1.8 billion to acquire an industrial building – LiFung Centre, No. 2 On Ping Street, Shatin, highlighting the strong demand for logistics centers in the market. Additionally, flagship residential projects like The Pavilia Farm in the same area have been completed successively, leading to a significant increase in the middle-class population and driving demand for mini-storage facilities. The project benefits from excellent hardware conditions, making it suitable for conversion into a mini-storage business, thereby further enhancing rental income. Furthermore, looking at similar properties in the same area, internationally renowned data centre operators have leased an en-bloc industrial building and transformed it into a high-tech data centre with lease terms of over 15 years, providing substantial long-term rental income for the owner. Apart from a traditional industrial warehouse for leasing purposes, this property also has significant value-added potential, making it a top choice for long-term investment."

For any enquiries regarding this property, please contact Reeves Yan, Executive Director and Head of Capital Markets at +852 9463 9892 or Joseph Wong, Associate Director, Capital Markets, CBRE Hong Kong at +852 9752 4618.

Property Advertising Number: CBRE-CM-ADV4585


Big Orange, No. 2-8 Shing Wan Road, Tai Wai 

Photo for reference only