Standard Chartered Bank Building (Hong Kong)
Encyclopedia
The Standard Chartered Bank Building is a skyscraper
Skyscraper
A skyscraper is a tall, continuously habitable building of many stories, often designed for office and commercial use. There is no official definition or height above which a building may be classified as a skyscraper...

 located in the Central
Central, Hong Kong
Central is the central business district of Hong Kong. It is located in Central and Western District, on the north shore of Hong Kong Island, across Victoria Harbour from Tsim Sha Tsui, the southernmost point of Kowloon Peninsula...

 district of Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

. The tower rises 42 floors
Storey
A storey or story is any level part of a building that could be used by people...

 and 185 metres (607 ft) in height. The building was completed in 1990. It was designed by architectural firm P & T Architects & Engineers Ltd.. The Standard Chartered Bank Building, which stands as the 85th-tallest building in Hong Kong, is composed entirely of commercial office space.

The current site was home to the 79 metres (also built by P & T Architects & Engineers Ltd.) Chartered Bank Building (Hong Kong) in 1959.

History

In 1980s, the time of Negotiations of Hong Kong sovereignty, the land "owner", The Standard Chartered Bank owned the life-time (999 years, until 2854) lease agreement with the Hong Kong Government, signed an agreement with Hang Lung Group
Hang Lung Group
Hang Lung Group , established in 1960, is a private listed company in Hong Kong, engaging in property development for sales and leasing, car park management, property management and dry-cleaning businesses. Its subsidiary is Hang Lung Properties, was one of the largest property developers in Hong...

, which the latter now own the land and the building and responded the development cost and entire construction management. While Hang Lung Group required to lease back part of the floor area to Standard Chartered Bank
Standard Chartered Bank
Standard Chartered PLC is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries...

 for a long period with a low fees. Hang Lung Group currently owned the income of the rental area of 22,101m² and the income from the rest of the area will returned to Hang Lung in 2012.

Current Occupants

Nowadays the building is home of Hang Lung Group
Hang Lung Group
Hang Lung Group , established in 1960, is a private listed company in Hong Kong, engaging in property development for sales and leasing, car park management, property management and dry-cleaning businesses. Its subsidiary is Hang Lung Properties, was one of the largest property developers in Hong...

 headquarters and headquarters of Standard Chartered Bank (Hong Kong)
Standard Chartered Bank (Hong Kong)
Standard Chartered Bank Limited is a licensed bank incorporated in Hong Kong, part of Standard Chartered Bank...

, although the latter main operation office is now located in Millennium City
Millennium City, Hong Kong
Millennium City is a group of skyscrapers in Kwun Tong, Hong Kong built along the southern side of Kwun Tong Road near Ngau Tau Kok station and developed by Sun Hung Kai Properties....

1.
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