Sun House & Spaces
Client
SUN HOUSE & SPACES
Location
Hong Kong
Topline
CBRE has been The Sun Company’s consultant throughout the refurbishment process, advising on ways to enhance the building’s services and facilities. The team was also tasked with providing a marketing solution for the property.
The Challenge
SPACES, a co-working subsidiary of IWG Group (Regus), is one of the world’s leading co-working space providers. SPACES approached CBRE to source office locations and find future tenants to occupy all 20 floors in Hong Kong to accommodate expansion plans. SPACES wanted to lease either a whole building or a substantial part of a building. CBRE was also tasked to find a landlord who would accept a non-traditional lease agreement.
Solution & Outcome
CBRE collaborated with CBRE Research to present accurate data reflecting the increasing demand from local firms and MNCs for flexible, co-working office environments.
List of requirements:
Finding a suitable office location for SPACES in a low vacancy environment.
Convincing The Sun Company that co-working spaces were in demand and therefore a strong investment opportunity. Establishing a strong, trust-based partnership between SPACES and The Sun Company.
Convincing The Sun Company that co-working spaces were in demand and therefore a strong investment opportunity. Establishing a strong, trust-based partnership between SPACES and The Sun Company.
Pre-leasing Sun House prior to the completion of the refurbishment
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