Samiksha Jaiswal (Editor)

International Finance Centre (Hong Kong)

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Status
  
Complete

Construction started
  
2000

Architectural
  
412.0 m (1,351.7 ft)

Floor area
  
19 ha

Completed
  
2003

Type
  
Commercial offices

Opening
  
2003

Address
  
Central, Hong Kong

Phone
  
+852 2295 3308

Architect
  
César Pelli

International Finance Centre (Hong Kong)

Location
  
8 Finance Street Central, Hong Kong

Similar
  
International Commerce Centre, Times Square, Pacific Place, Tsim Sha Tsui, Victoria Peak

Profiles

The International Finance Centre (abbr. IFC, branded as "ifc") is a skyscraper and an integrated commercial development on the waterfront of Hong Kong's Central District.

Contents

A prominent landmark on Hong Kong Island, IFC consists of two skyscrapers, the IFC Mall, and the 55-storey Four Seasons Hotel Hong Kong. Tower 2 is the second tallest building in Hong Kong, behind the International Commerce Centre in West Kowloon. It is the fourth-tallest building in the Greater China region and the eighth-tallest office building in the world, based on structural heights; by roof height, only the Taipei 101, Shanghai World Financial Center, Willis Tower, International Commerce Centre and Burj Khalifa exceed it. It is of similar height to the former World Trade Center. The Airport Express Hong Kong Station is directly beneath it.

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

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 (0.2 million square ft) and a length of 230 m, making it the world's largest advertisement ever put on a skyscraper.

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".

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; the Hong Kong Mortgage Corporation signed a 12-year lease on 24,000-square-foot (2,200 m2); Nomura Group agreed to take 60,000 sq ft (5,600 m2) at 2 IFC; the Financial Times, an existing tenant at One IFC, took 10,000 sq ft (900 m2). Ernst & Young took six floors (from the 11th to 18th floors), or about 180,000 square feet (16,700 m2), in 2IFC, to become the biggest tenant.

2IFC, which was completed at the height of the SARS epidemic, was initially available to rent at HK$25-HK$35 per square foot. 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.

The IFC's towers have featured in several Hollywood films, including Lara Croft Tomb Raider: The Cradle of Life, where Lara Croft leaps off the then-under-construction 2 International Finance Centre, landing on a ship out in the Kowloon Bay, and The Dark Knight, where Batman leapt from 2 IFC to 1 IFC, where an action scene then takes place.

The 88th floor of 2IFC is the backdrop of core scenes of the German Thriller "Im Schatten der Lombardis" [1] by Berit Paton Reid, a German writer based in Dubai, UAE.

One International Finance Centre

One International Finance Centre was constructed in 1998 and opened in 1999. It is 688 feet (210 m) tall, has 39 storeys and four trading floors, 18 high speed passenger lifts in 4 zones, and comprises 784,000 square feet (72,800 m2). It is similar in design and appearance to 30 Hudson Street in Jersey City, New Jersey. The building currently accommodates approximately 5,000 people.

Two International Finance Centre

Two International Finance Centre, completed in 2003, is attached to the second phase of the ifc mall. This 415-metre-tall (1,362 ft) 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 Chinese culture. It is, however, short of the magic number, because "taboo floors" like 14th and 24th are omitted as being inauspicious – because 4 sounds like 'die' in Cantonese.

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.

The 55th, 56th and the 77th to 88th floors were bought by the HKMA for US$480 million in 2001. 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.

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

Four Seasons Hotel Hong Kong

The Four Seasons Hotel is a luxury hotel that was built near the 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.

IFC Mall

It is an 800,000 sq ft, 4-storey shopping mall, with many luxury retail brands and wide variety of restaurants. The first official Apple Store was also located in this mall (a 3-storey flagship store in Hong Kong).

References

International Finance Centre (Hong Kong) Wikipedia