Swire signs deal with WeWork in HK development


HONG KONG: Swire Properties Ltd has signed an agreement with WeWork Cos to lease four floors providing about 55,000 sq ft in a commercial tower in Taikoo Shing, the first deal between the co-working space provider and a major listed Hong Kong developer.

Swire didn’t disclose the rent to be paid by WeWork, but said it would pay the going market rate in Citiplaza 3, a 24-storey, grade-A office building eight subway stops from the Central business district.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

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Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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