Bank of China Tower (Hong Kong)
|Bank of China Tower|
The Bank of China Tower by day
|Location||1 Garden Road, Central
Central, Hong Kong
|Construction started||18 April 1985|
|Opening||17 May 1990|
|Architectural||367.4 m (1,205.4 ft)|
|Roof||315.0 m (1,033.5 ft)|
|Top floor||288.3 m (945.9 ft)|
|Floor count||72 (+4 basement floors)|
|Floor area||135,000 m2 (1,450,000 sq ft)|
|Design and construction|
|Architect||I. M. Pei & Partners
Sherman Kung & Associates Architects Ltd. Thomas Boada S.L.
|Structural engineer||Leslie E. Robertson Associates RLLP|
|Main contractor||HKC (Holdings) Limited
The Bank of China Tower (abbreviated BOC Tower) is one of the most recognisable skyscrapers in Admiralty, Hong Kong. It houses the headquarters for the Bank of China (Hong Kong) Limited. The building is located at 1 Garden Road, in Central and Western District on Hong Kong Island.
Designed by I. M. Pei and L.C Pei of I.M Pei and Partners, the building is 315.0 m (1,033.5 ft) high with two masts reaching 367.4 m (1,205.4 ft) high. It was the tallest building in Hong Kong and Asia from 1989 to 1992, and it was the first building outside North America to break the 305 m (1,000 ft) mark. It is now the fourth tallest skyscraper in Hong Kong, after International Commerce Centre, Two International Finance Centre and Central Plaza.
Hung Chen, then the deputy manager of Bank of China (Hong Kong branch) negotiated with Hayden Cave for the land plot, which was not auctioned in the open market; and invited I. M. Pei to design the tower. Pei's father was a former manager of Bank of China; this personal connection was one of the reasons that Pei accepted the project, given the much restricted budget then available for the tower, which—he understood—would inevitably be compared with the HSBC building designed by Foster.
The 6,700 m2 (72,000 sq ft) site on which the building is constructed was formerly the location of Murray House. After its brick-by-brick relocation to Stanley, the site was sold by the Government for "only HK$1 billion" in August 1982 amidst growing concern over the future of Hong Kong in the run-up to the transfer of sovereignty.
Once developed, gross floor area was expected to be 100,000 m². The original project was intended for completion on the auspicious date of 8 August 1988. However, owing to project delays, groundbreaking took place in March 1985, almost two years late. It was topped out in 1989, and occupied on 15 June 1990.
The building was initially built by the Hong Kong Branch of the Bank of China; its Garden Road entrance continues to display the name "Bank of China", rather than BOCHK. The top four and the bottom 19 stories are used by the Bank, while the other floors are leased out. Ownership has since been transferred to BOCHK, although the Bank of China has leased back several floors for use by its own operations in Hong Kong.
|Bank of China Tower|
The Government had apparently given preferential treatment to Chinese companies, and was again criticised for the apparent preferential treatment to the BOCHK.
The price paid was half the amount of the 6,250 m² Admiralty II plot, for which the MTR Corporation paid HK$1.82 billion in cash. The BOC would make initial payment of $60 million, with the rest payable over 13 years at 6% interest. The announcement of the sale was also poorly handled, and a dive in business confidence ensued. The Hang Seng Index fell 80 points, and the HK$ lost 1.5% of its value the next day.
Designed by Pritzker Prize-winning architect I. M. Pei, the building is 315.0 m (1,033.5 ft) high with two masts reaching 367.4 m (1,205.4 ft) high. The 72-storey building is located near Central MTR station. This was the tallest building in Hong Kong and Asia from 1990 to 1992, the first building outside the United States to break the 305 m (1,000 ft) mark, and the first composite space frame high-rise building. That also means it was the tallest outside the United States from its completion year, 1990. It is now the fourth tallest skyscraper in Hong Kong, after International Commerce Centre, Two International Finance Centre and Central Plaza.