Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • Mingtiandi 2022 Event Calendar
    • APAC Residential Forum 2022
    • Asia Logistics Forum 2022
    • Asia REIT Forum 2022
    • APAC Data Centre Forum 2022
    • Singapore Focus Forum 2022
    • Office Strategies Forum 2022
    • More Events
  • MTD TV
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

WeWork Launches Lan Kwai Fong Tower Location in Hong Kong’s Central

2018/12/18 by Jan Kot Leave a Comment

Christian Lee WeWork Asia

Christian Lee, vice chairman of WeWork Asia

The world’s most valuable co-working provider launched its WeWork LKF Tower on Tuesday in Hong Kong’s famed nightlife district, Lan Kwai Fong.

The $42 billion shared space startup’s latest centre is housed in the former Hotel LKF at 33 Wyndham Street, Central and has over 1,000 desks across 17 floors.

The property marks the New York-based shared office provider’s eighth location in the city, and the first outpost in Central, which is home to the world’s highest office rents.

Latest Location Occupies Central

The opening of the LKF Tower, just up the hill from the Center on Queen’s Road, followed the launch of WeWork Taikoo in Quarry Bay and WeWork Two Harbor Square in Kwun Tong earlier this year.

WeWork LKF Tower is already home to members from diverse fields including advertising and marketing, finance and professional services. The location also houses a number of tech firms including global SaaS provider Merrill Corporation, New York-listed cloud platform Workiva, mobile services company CM Telecom Hong Kong Ltd and China influencer marketing agency PARKLU.

The 29-storey property has 12 floors dedicated to food and beverage outlets and 17 floors converted from the former LKF Hotel into office space, which WeWork leased entirely from its owner, Peterson Group last year.

Peterson Group, which serves as the private investment vehicle of local billionaires the Yeung family, also owns a building in Dublin, Ireland, which it already has handed over to WeWork and transformed into a shared office space. WeWork originally was reported to have taken the LKF Tower space in July of last year.

The new WeWork center has created a pet-friendly interior that includes a lounge on the 29th and 30th floors which is adorned with arts and graphics as well as books reflecting Hong Kong’s culture, and can be used for social gatherings or events.

WeWork Reaches 69 Greater China Centres

WeWork LKF Tower’s interior reflects the vibe and culture of Hong Kong

As part of the announcement on Tuesday, WeWork, with a freshly injected $3 billion from Japan’s venture funding titan Softbank this November, highlighted the progress that it has made in building a China presence.

To date, WeWork has 69 operating locations in six cities in Greater China, including Beijing, Shanghai, Hong Kong, Shenzhen, Chengdu and Hangzhou.

In 2019, the company plans to expand to Guangzhou, Wuhan, Xi’an, Nanjing and Suzhou.

Office Space as a Service

In addition to its branded centres, WeWork next year will open a customized, private office floor in Hong Kong’s International Commerce Center for a global financial institution and a second Powered by We partnership in Hong Kong in The Quayside in Kowloon, said Christian Lee, vice chairman of WeWork Asia.

Powered By We is essentially office space as a service — WeWork’s white label product. It includes helping clients find the right building and then designing, fitting out and decorating the office. The company also supports its corporate tenants with software to manage building operations, back-end data on the efficiency of the office space, and even WeWork employees physically on-site to help with community programs.

In Hong Kong, WeWork has already designed and operated a floor, dubbed “eXellerator” for Standard Chartered in its Hong Kong offices in an effort to foster innovative thinking among the bank’s staff.

Flipping From Startups to Corporates

The collaborative space provider has been seeking to diversify its offerings beyond individuals and small businesses, moving into working with corporates. Enterprises now make up more than 30 percent of WeWork’s total membership worldwide, and in Greater China that percentage climbs to around 34 percent.

“Amidst the Greater Bay Area, enterprise members will be increasingly active in seeking cross-border cooperation, knowledge sharing and cultural exchange to seize the opportunities,” the company said in the statement. “Consecutively, more mainland Chinese enterprises will also leverage the unique strength of WeWork in Hong Kong as a springboard to extend their reach to Asia and beyond.”

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: Flexible Office Tagged With: Central District, Christian Lee, daily-sp, Featured, fl-hk, highlight, Hong Kong, Lan Kwai Fong, WeWork

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Mingtiandi Delivered

PropertyGuru - Asia Property Awards Banner

MTD TV

bdx spotlight interview mtd tv thumbnail
BDx Boss Focuses on Service, Not Buzz, to Build Asia Data Centre Network: MTD TV
show thumbnail
China Lockdowns Boost Warehouse Market: LaSalle, SC, C&W and Baker Mac on MTD TV

More MTD TV Videos>>

People in the News

jesline goh UOL
Jesline Goh Resigns as CIO of Singapore’s UOL as Developer Promotes Hotel Chief
Lee Hoon KIc
Asia Real Estate People in the News 2022-08-15
daigo Hirai BlackRock
Asia Real Estate People in the News 2022-08-08
Bryan Southergill
Ares Hires Bryan Southergill to Run Asia Real Estate Business

More Industry Professionals>>

People in the News

Jesline Goh Resigns as CIO of Singapore’s UOL as Developer Promotes Hotel Chief

jesline goh UOL

Jesline Goh is stepping down as chief investment and asset officer of Singaporean developer UOL Group after nearly five … Read More>>

Asia Real Estate People in the News 2022-08-15

Lee Hoon KIc

Senior personnel changes in Korea, Hong Kong and Singapore lead Mingtiandi’s roundup of HR moves from around the region … Read More>>

Asia Real Estate People in the News 2022-08-08

daigo Hirai BlackRock

BlackRock’s appointment of a new head of Japan real estate leads this week’s roundup of personnel moves from around the … Read More>>

Ares Hires Bryan Southergill to Run Asia Real Estate Business

Bryan Southergill

After more than eight years leading real estate investments for KKR in Asia, Bryan Southergill has taken on a new role … Read More>>

More Industry Professionals>>

Latest Stories

Chang Rui Hua ESR
Chinachem Takes 49% Stake in ESR Hong Kong Logistics Project
Ryan Ip
$701M Kowloon Residential Project Attracts 31 Potential Buyers in URA Tender
2011 Beijing Spring Real Estate Trade Fair
China Real Estate Investment Fell 12% in July as Home Sales Slide Continues

Sponsored Features

For Hong Kong’s Office Market, Border Reopening Holds Key to Unlocking Demand
Top 3 Trends Driving a Connected Experience in Commercial Real Estate
Malaysia Industrial Park Offers Opportunities to Heavy Industry Enterprises

More Sponsored Features>>

MTD-QR-Code-320

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • 2022 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Membership
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2022 China Advertising Media Ltd (Samoa). All rights reserved.