Henderson banks on tenant ‘FOMO’ to fill US$8b Central Yards project

Henderson Land Development is banking on demand for premium offices to support its HK$63 billion (US$8.03 billion) Central Yards project, as tenants gravitate towards top-tier buildings even while much of Hong Kong’s office market remains weak.

Jane Street’s decision last year to take about 70 per cent of the office space in the first phase of the project has helped draw interest from other potential tenants, according to Tom Andrews, director and head of leasing and operations at Central Site 3...