| FOR IMMEDIATE RELEASE | 3 November 2005 |
Swire Properties today (Thursday, 3 November 2005) announced that Computer Associates International, Inc. (NYSE: CA) has committed to leasing over 30,000 sq ft in Three Pacific Place, increasing the Grade-A office tower's occupancy rate to around 80%.
Swire Properties' Director and General Manager, Mr Jolyon Culbertson said, "We are glad that in addition to banking and financial market leaders, global IT giant CA chose Three Pacific Place as the new location for its regional headquarters. It is another well-illustrated example of Three Pacific Place, in terms of efficiency, flexibility and connectivity, being well appreciated by multinational corporations."
CA will be relocating to 17/F and 18/F of Three Pacific Place, at a rent approaching HK$40 psf.
Mr John Ruthven, Senior Vice President of CA Asia Pacific and Japan, currently located in World Trade Centre said that, "the relocation allows an upgrade on space and building management. The sophisticated architectural design and advanced facilities of Three Pacific Place will also help to improve the prestige of CA's Asia Pacific headquarters."
"Asia Pacific and Japan is the most dynamic region in the world right now and Hong Kong gives us a gateway into some of the world's fastest growing markets. This is a strategic investment in a regional business hub that will allow us to rapidly meet our customers' needs and provide a high-quality environment for our employees," added Mr Ruthven.
Emphasising building excellence, Swire Offices has created major business hubs in Hong Kong, offering corporations the best facilities, connectivity, environment and services in which to operate.
About Swire Properties
Swire Properties, a wholly-owned subsidiary of Swire Pacific Limited, was incorporated in 1972 and is one of Hong Kong's leading developers with extensive experience in the development and management of major commercial, retail and residential properties. The company's strategy has been to 'hub' its investment property holdings around major shopping centres and office towers constructed at the principal Mass Transit Railway intersections.
Swire Properties' investment portfolio in Hong Kong principally comprises office and retail premises, which it manages in prime locations, as well as serviced apartments and other luxury residential accommodation. The completed portfolio totals just over 12 million sq ft of gross floor area. Current investment property pending or under development in Hong Kong comprises a further 2.58 million sq ft, mainly of office space.
Visit Swire Properties web site at www.swireproperties.com.
About Computer Associates
Computer Associates International, Inc. (NYSE:CA), one of the world's largest management software companies, delivers software and services across operations, security, storage, life cycle and service management to optimize the performance, reliability and efficiency of enterprise IT environments. Founded in 1976, CA is headquartered in Islandia, N.Y., and serves customers in more than 140 countries. Computer Associates Hong Kong is a full subsidiary of Computer Associates International, Inc. and was established in 1987. For more information, please visit http://ca.com/hk.
| © Copyright 1996-2024 irasia.com Ltd. All rights reserved. |
|
DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any
information provided on this website. Under no circumstances shall irasia.com Ltd be liable
for damages resulting from the use of the information provided on this website.
TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website. |