Exchange Square (Hong Kong)
One and Two Exchange Square
|Cost||Whole project: US$256,410,257|
|Owner||Hong Kong Land|
|Roof||188 m (617 ft)|
130,680 m2 (1,406,628 sq ft)
|Design and construction|
|Architect||Palmer & Turner|
|Developer||Hong Kong Land|
|Main contractor||Gammon Construction|
The Exchange Square (Chinese: 交易廣場; Jyutping: gaau1 jik6 gwong2 coeng4) is a building complex located in Central, Hong Kong. It houses offices and the Hong Kong Stock Exchange. It is served by the Central and Hong Kong stations of the MTR metro system.
Most part of the Exchange Square is owned by Hong Kong Land, with the remaining portions owned by the American Club of Hong Kong and the Government. The building has three blocks, namely, One Exchange Square, Two Exchange Square and Three Exchange Square. A shopping block known as The Forum has been under redevelopment since December 2011 and the former building will be replaced by a seven story complex scheduled for completion in 2014. The ground level also houses a large-scale bus terminus, named Central (Exchange Square) Bus Terminus, which have a large number of bus routes bound for different area within Hong Kong.
The property is the home of the Stock Exchange of Hong Kong since the 1980s. It also houses many international banking and law firms including Credit Suisse, Bank of Montreal, Lloyd George Management, RPC, Latham & Watkins, Freshfields Bruckhaus Deringer, Allen & Overy and Allens Arthur Robinson. Exchange Square is also home to the consulates in Hong Kong of Argentina, Canada, Japan, and the American Club of Hong Kong.
Hong Kong Land tendered the Government for the plot for $4.76 billion in February 1982, when the market was at a record high. Prices subsequently dropped, necessitating its debt to be restructured. In February 1983, HKL obtained an eight-year loan of $4 billion, a record. In December 1983, it announced that the plot was to be mortgaged to secure a $2.5 billion loan facility. The second instalment of $2 billion on the plot was due in the financial year 1984/85
Development cost HK$750m, 32 storey 322,000-square-foot (29,900 m2) office tower, 32,000-square-foot (3,000 m2) mall, substructure contractor Gammon Hong Kong
One Exchange Square entrance. The color mural on the left and right sides is Landscape by Sidney Nolan.
Three Exchange Square seen from 2IFC, December 6, 2006
A water buffalo by English sculptor Elisabeth Frink stands in Exchange Square, September 12, 2007
- List of buildings and structures
- List of buildings and structures in Hong Kong
- List of skyscrapers
- List of tallest buildings in Hong Kong
- Exchange Square at Emporis, Accessed 2007-09-13
- Lau Wai-kong, $2.5B STANDBY FACILITY - Land mortgages Phase One of Exchange Square, The Standard, December 9, 1983
- Michael Blendell, Bark worse than his bite, South China Morning Post, March 1, 1984
- John Mulcahy, Hongkong Land plans third tower, South China Morning Post, January 29, 1985
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