CBRE Appointed as Sole Agent for the Sale of 88WL – No. 88 Wing Lok Street by Express of Interest (EOI)

CBRE has been appointed as the Sole Agent by the vendor for the disposal of a brand-new landmark commercial building located in the golden circle of Greater Central district –  88WL, No. 88 Wing Lok Street, Sheung Wan by Express of Interest (EOI). The property is a 25-storey Grade A commercial building with a site area of 4,518 sq. ft. approx., Class B Site and a total gross floor area of 90,199 sq. ft. approx. It is located at No. 88 Wing Lok Street in Sheung Wan. The property is being sold on an "as-is" basis. The EOI deadline is 12:00 noon on 20th September 2023 (Wednesday).

The property is situated in the bustling commercial district of Hong Kong, the golden circle of Greater Central area. The neighbourhood is home to a number of unique boutique retail shops, themed-based restaurants, high-net-worth offices and residential properties, making it one of the most popular locations in Hong Kong.  As a new landmark in the area, 88WL was designed with a grand and stylish exterior, and is set to become a major highlight and a new hub for entertainment, dining and cultural activities in the Central and Sheung Wan area.

88WL benefits from excellent transportation links, with easy access to the Sheung Wan MTR station and connections to other major transportation hubs. It is only a 3-minute ride to Central, an 11-minute ride to the West Kowloon High-Speed Rail Station, and within 30 minutes to reach both Hong Kong International Airport and the Shenzhen Bay Port. Additionally, the Hong Kong-Macau Ferry Terminal is within the walking distance. This unparalleled connectivity with PRC and global capitals makes 88WL a highly desirable location for businesses engaged in international trade.

Mr. Jonathan Chau, Executive Director, Head of Investment Property & Private Office, Capital Markets of CBRE Hong Kong commented, “The typical floor plates of the property are over 4,000 square feet, with a floor-to-floor height of approximately 4.7 meters and a floor loading capacity of 5kPa. The lower floors are suitable for F&B use, while mid-to-high floors feature balconies with stunning views of Victoria Harbour and the Mid-Levels, providing a tranquillity and relaxing environment for high-net-worth/ family offices or high-end retail stores. Given its location in the heart of the Greater Central district and the advantage of 999-year land tenure, there is unlimited potential for 88WL such as vertical F&B hubs, medical centres or corporate headquarters, making it an attractive investment opportunity for seasoned investors who are faithful in the Central and Sheung Wan area.”

For any enquiries regarding this property, please contact: -
Andy Wong, Senior Director, Capital Markets at +852 9427 6806 ; or
Barry Chung, Director, Investment Property & Private Office, Capital Markets at +852 6604 0426 ; or
Joseph Wong, Associate Director, Capital Markets at +852 9752 4618 ; or
Ray Chan, Assistant Manager, Capital Markets at +852 6103 5679 ; or
Wilson Cheung, Assistant Manager, Capital Markets at +852 9020 9220