Th Mark is now available for lease
Pamfleet, a real estate asset manager, today unveils “The Mark”, a premium new office development that provides prime office space at 164 Wai Yip Street, Kwun Tong. Offering a total GFA of approximately 70,000 sq ft (gross), the 21-storey building is now available for lease. The building renovation is in progress and target to complete in Q4 2014. The project is expected to draw great attention from small and medium-sized enterprises (SMEs), start-ups and entrepreneurial businesses, according to JLL, the project’s sole leasing agent and property manager.
The Mark provides typical floor plates of approximately 3,563 sq ft (gross). In particular, it offers flexible tenancies, allowing tenants to opt for full-floor or half-floor units of approximately 1,662 or 1901 sq ft (gross). Prime office space (4/F–20/F) command sea views of the Kai Tak Cruise Terminal and Eastern Harbor starting from 12/F. In addition, the building features flexible design to maximise efficiency and SME-targeted functions, including WiFi-enabled hot desks on a semi-open plan dedicated-to-tenants floor; fully-equipped meeting rooms; convenient and secured storage space; and value-added services such as networking events and free coffee, all of which serve to empower businesses to make their mark.
The building also provides three-level on-site valet parking and 24/7 concierge services, with close proximity to Kwun Tong and Ngau Tau Kok MTR Stations and Kwun Tong Ferry Pier. Achievable effective rentals start from HKD 16 per sq ft.
Diaz Chan, Asset Manager at Pamfleet, commented: “The Mark is our second venture in Kwun Tong after KOHO. We have received very positive market response so far, with five floors under serious negotiation. Show suites at 18/F are now available for visit by appointment, and early bird rates can be offered at this initial stage.” Chan added, “With its efficient floor plates, flexible tenancies, and amenities and services to make working hours more productive and successful, we believe the development can perfectly suit the needs of SME businesses, further propelling the growth of the Kwun Tong area.”
Gavin Morgan, Chief Operating Officer and Head of Leasing at JLL Hong Kong, said: “Kowloon East is becoming an increasingly enticing office location for tenants as the real estate market continues to diversify, encouraged by the government’s policy on energising Kowloon East. Situated at the heart of the thriving CBD2, The Mark is destined to attract great attention from high-quality tenants.”
Adrian Tang, Head of Kowloon Markets at JLL, said: “The Mark is the only new office development with typical floor plates under 5,000 sq ft (gross) in Kwun Tong for the next two years. In that regard, we are anticipating a large degree of interest from corporates, particularly SMEs, start-ups and entrepreneurial businesses such as financial institutions’ backup offices, telecom services companies and logistics companies. Besides favouring flexible workspace, these types of tenants will be also attracted by the lower rental levels comparative to Central while still prioritising a premium building.”