Johnson Stokes & Master (JSM) advised Reward Investment Limited on the HK$838.7 million disposal of 10 office floors and a G/F retail unit at Viva Place, No. 36 Heung Yip Road, Wong Chuk Hang, to Dah Sing Bank, which includes the naming rights of the building and its signage(s), 20 car parking spaces and 5 signage areas.
The property is expected to provide office space for Dah Sing Bank, which has its corporate headquarters in the Dah Sing Financial Centre in Wan Chai district.
Located less than a five minutes’ walk from the Wong Chuk Hang MTR station, Viva Place is a 27-storey strata title property which has earned BEAM Plus certification under Hong Kong’s sustainable building regimen and certified as WELL Core Gold for its healthy workplace standards. The deal brings much needed momentum to the office real estate market.
The deal was led by JSM Real Estate partner Peter Ho, and supported by senior associate Natalie Oh.
