International Finance Centre (Hong Kong) Explained

Two International Finance Centre
Native Name:Chinese: 國際金融中心2 期
Location:8 Finance Street
Central, Hong Kong
Coordinates:22.285°N 114.1592°W
Map Type:Hong Kong
Start Date: (International Finance Centre 1)
(Two International Finance Centre)
Opening: (One International Finance Centre)
(Two International Finance Centre)
Building Type:Commercial offices
Architectural:4151NaN1
Tip:415.41NaN1
Roof:4071NaN1
Top Floor:387.61NaN1
Floor Count:88 above ground level,
6 basement floors
Elevator Count:62
Floor Area:1858050NaN0
Architect:César Pelli & Association Architects[1]
Child:yes
Label2:Executive Architect (Cladding)
Data2:Adamson Associates Architects
Structural Engineer:Ove Arup & Partners
Main Contractor:E Man-Sanfield Joint Venture
Developer:Sun Hung Kai Properties, Henderson Land and Towngas
References:[2]
T:國際金融中心
S:国际金融中心
Showflag:y
Y:Gwokjai Gāmyùhng Jūngsām
J:Gwok3zai3 Gam1jung4 Zung1sam1
P:Guójì jīnróng zhōngxīn

The International Finance Centre (abbreviated as IFC) is a skyscraper and integrated commercial development on the waterfront of Hong Kong's Central District.

A prominent landmark on Hong Kong Island, IFC consists of two skyscrapers (1 IFC and 2 IFC), the IFC mall, and the 55-storey Four Seasons Hotel Hong Kong, respectively. 2 IFC is the second-tallest building in Hong Kong at a height of 415 m, behind the International Commerce Centre in West Kowloon, and the 38th-tallest building in the world. It is the fourth-tallest building in the Greater China region and the eighth-tallest office building in the world, based on structural heights; it is of similar height to the former World Trade Center. The Airport Express Hong Kong station is directly beneath it, with subway lines to Hong Kong International Airport.

IFC was constructed and is owned by IFC Development, a consortium of Sun Hung Kai Properties, Henderson Land and Towngas.[3]

In 2003, Financial Times, HSBC, and Cathay Pacific put up an advertisement on the facade that stretched more than 50 storeys, covering an area of 19,000 m2 (200,000 square ft) and a length of 230 m, making it the world's largest advertisement ever put on a skyscraper.[4]

History

Tower 1 is also known as 1IFC and branded in lowercase letters, as "One ifc". Likewise, Tower 2 is also known as 2IFC and branded as "Two ifc".[5]

1IFC opened in December 1998, towards the end of the Asian financial crisis. Tenants included ING Bank, Sumitomo Mitsui Banking Corp, Fidelity International, the Mandatory Provident Fund Schemes Authority and the Financial Times.

The Hong Kong Monetary Authority purchased 14 floors in 2IFC;[6] the Hong Kong Mortgage Corporation signed a 12-year lease on 24000-2NaN-2;[7] Nomura Group agreed to take 60000-2NaN-2 at 2 IFC; the Financial Times, an existing tenant at One IFC, took 10000-2NaN-2.[6] Ernst & Young took six floors (from the 11th to 18th floors), or about 180000square feet, in 2IFC, to become the biggest tenant.[8]

2IFC, which was completed at the height of the SARS epidemic,[9] was initially available to rent at HK$25-HK$35 per square foot.[10] In 2007, as the economy has improved, high quality ("Grade A") office space is highly sought after; rents for current leases are $150 per square foot as of March 2007.[11]

One International Finance Centre

One International Finance Centre was opened on 6 July 1998. It is tall,[12] has 39 stories and four trading floors, 18 high speed passenger lifts in 4 zones, and comprises . Completed in 2004, has a similar design and appearance with the “Two IFC”. The building currently accommodates approximately 5,000 people.

Two International Finance Centre

Two International Finance Centre, completed on 18 October 2003, is attached to the second phase of the ifc mall. This 415adj=midNaNadj=mid building, currently Hong Kong's second tallest, is quoted as having 88 storeys and 22 high-ceiling trading floors to qualify as being extremely auspicious in Cantonese culture. It is, however, short of the magic number, because "taboo floors" like the 14th and 24th floors are omitted as being inauspicious – in Cantonese and Mandarin Chinese, "4" is pronounced similarly to "death".

The highrise is designed to accommodate financial institutions. For example, the Hong Kong Monetary Authority (HKMA) is located at the 55th floor. It is equipped with advanced telecommunications, raised floors for flexible cabling management, and nearly column-free floor plans. The building expects to accommodate up to 15,000 people. It is one of relatively few buildings in the world equipped with double-deck elevators.

Floor numbers 55, 56, 77 and 88 were bought by the HKMA for HK$3.7 billion in 2001.[7] An exhibition area, currently containing an exhibit of Hong Kong's monetary history, and a library of the Hong Kong Monetary Authority Information Centre occupy the 55th floor, and are open to the public during office hours.[13]

Despite common practice for owners to allow naming buildings after its important tenants, the owners decided not to allow renaming of the building.[14]

Current office tenants include Banco Santander, Baring Private Equity Asia, BGC Partners, Blackstone Group, BNP Paribas, China Universal Asset Management, Citadel, Coatue Management, DST Advisors, E Fund Management, Hillhouse Capital, Hony Capital, Investec Asset Management, Jefferies, Lazard, Lexington Partners, Millennium Management, Nomura, Sidley Austin LLP, Silver Lake, State Street Bank & Trust Company, UBS and Warburg Pincus.[15]

Four Seasons Hotel Hong Kong

See main article: Four Seasons Hotel Hong Kong.

The Four Seasons Hotel is a luxury hotel that was built near ifc One and Two. It was completed and opened in October 2005. The 206 m (674 ft), 60-storey oceanfront hotel is the only Four Seasons Hotel in Hong Kong. The hotel has 399 guest suites, and 519 serviced apartments. Amenities include a French restaurant Caprice and spa.[16]

IFC Mall

The IFC Mall is an 74000sqm, 4-storey luxury shopping mall, with many luxury retail brands and a wide variety of restaurants. Anchored by Lane Crawford, PALACE Cinema (part of Broadway Circuit), and C!ty'super, the first official Apple Store was also located in this mall (a 3-storey flagship store in Hong Kong). In May 2018, the first Shake Shack restaurant in Hong Kong was opened in the mall.[17]

Cultural impact

The IFC towers have been featured in several Hollywood films, including , where Lara Croft leaps off the then-under-construction 2 International Finance Centre, landing on a ship out in the Kowloon Bay, The Dark Knight, where Batman leapt from 2 IFC to 1 IFC, and Godzilla vs Kong, where an action scene then takes place.[18]

See also

External links

Notes and References

  1. Web site: International Finance Centre, Basic Information.
  2. Web site: Two International Finance Centre . https://web.archive.org/web/20160304125508/https://www.emporis.com/buildings/100614 . dead . 4 March 2016 . . 14 November 2012.
  3. Web site: IFC owner opposes plan for neighbours . 3 March 2009 . SCMP . 24 February 2009.
  4. Web site: Vertigo World's Largest Outdoor Advert . dead . https://web.archive.org/web/20120712205031/http://www.vertigo.net.au/portfolio/worlds-largest-outdoor-advert/ . 12 July 2012 .
  5. http://www.ifc.com.hk/en/office/overview.html ifc site: "One and Two ifc"
  6. News: Lau . Eli . SHKP net profit tipped to drop 24.6pc . 22 September 2003 . The Standard . 27 March 2007 . dead . https://web.archive.org/web/20071124082845/http://www.thestandard.com.hk/news_detail.asp?pp_cat=&art_id=28008&sid=&con_type=1&d_str=20030922&sear_year=2003 . 24 November 2007 .
  7. News: Tong . Sebastian . HKMC 'to pay $90m' for lease at Two IFC . 7 April 2003 . The Standard . 27 March 2007 . dead . https://web.archive.org/web/20080521090819/http://www.thestandard.com.hk/news_detail.asp?pp_cat=&art_id=15903&sid=&con_type=1&d_str=20030407&sear_year=2003 . 21 May 2008 .
  8. News: Wang . Raymond . Interest grows in mega project . 13 November 2003 . The Standard . 27 March 2007 . dead . https://web.archive.org/web/20080521090840/http://www.thestandard.com.hk/news_detail.asp?pp_cat=&art_id=31544&sid=&con_type=1&d_str=20031113&sear_year=2003 . 21 May 2008 .
  9. News: Bloomberg . Tenanting tallest tower looks likely to be a tall order . 18 June 2003 . The Standard . 23 March 2007 . dead . https://web.archive.org/web/20080521090824/http://www.thestandard.com.hk/news_detail.asp?pp_cat=&art_id=21885&sid=&con_type=1&d_str=20030618&sear_year=2003 . 21 May 2008 .
  10. News: Keith . Wallis . 2IFC optimism . 22 October 2003 . The Standard . 23 March 2007 . dead . https://web.archive.org/web/20080521090835/http://www.thestandard.com.hk/news_detail.asp?pp_cat=&art_id=30087&sid=&con_type=1&d_str=20031022&sear_year=2003 . 21 May 2008 .
  11. News: Hong Kong's IFC gets $242 billion loan . International Herald Tribune . Kuo . Patricia . 11 March 2007 . 24 March 2007 .
  12. http://www.skyscraperpage.com/cities/?buildingID=2735 1 International Finance Centre
  13. News: HKMA Information Centre . Hong Kong Monetary Authority . 27 March 2007.
  14. Danny Chung, Name of the game is signage rights, The Standard, 23 June 2006
  15. https://www.savviprop.com/ifc Two IFC Tenants
  16. Ann Collier, Room at the top for elite, The Standard, Monday, 13 June 2005
  17. Web site: It's official: we have the opening date of Shake Shack!. Time Out Hong Kong. 26 April 2018 . en. 26 March 2020.
  18. Web site: Pulver . Andrew . Top 10 films set in Hong Kong . . 4 July 2012 . 27 October 2015.