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Societe Generale Renews Lease for 5 Floors in Three Pacific Place 18 Mths Early; Rent Cut by 20% to $73 per Square Foot
SWIREPROPERTIES (01972.HK) signed a renewal agreement with Societe Generale last month to extend its lease for 6 years, one and a half years before the end of the tenancy agreement...
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Societe Generale Renews Lease for 5 Floors in Three Pacific Place 18 Mths Early; Rent Cut by 20% to $73 per Square Foot
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SWIREPROPERTIES (01972.HK)  +0.080 (+0.408%)    Short selling $1.18M; Ratio 6.868%   signed a renewal agreement with Societe Generale last month to extend its lease for 6 years, one and a half years before the end of the tenancy agreement, at a monthly rent of more than $6 million for five floors of Three Pacific Place in Admiralty, with a rent of about $73 per square foot, over 20% lower than the current rent per square foot.

During the period, the total rental expenditure was about $437 million.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)

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