Hongkong Land upsizes Jardine House food hall to satisfy tenants’ growing F&B hunger as landlords adapt to changing landscape
- The 18,000 sq ft BaseHall 2 in the basement of Jardine House will have more than 20 new food and drink concepts
- The vacancy rates of prime office buildings in Hong Kong rose to 10.5 per cent in September, from 9.6 per cent in August
BaseHall 2, occupying an area of 18,000 sq ft in the basement of Jardine House, will have a soft opening in mid-December, according to Hongkong Land, one of the biggest commercial building owners in the city. It is designed to be a social hub with operations extending until late night and will include more than 20 new food and drink concepts, the company said.
BaseHall 2 is a follow up to BaseHall 1, a 8,868 sq ft food hall comprising various food concepts and bars that opened in 2020. The space was previously occupied by Grappa’s Cellar, an Italian restaurant.
“Like BaseHall 1, BaseHall 2 offers tenants in our Central portfolio and the general public exciting dining experiences in the heart of Central,” said Thomas Tam, director and head of asset management for commercial property at Hongkong Land. “[With] BaseHall 2 … we continue to deliver what tenants and the general public want.”
Overall vacancy rates in prime office buildings in Hong Kong rose to 10.5 per cent in September, from 9.6 per cent in August, owing to the completion of new office buildings, according to property consultancy JLL. Rents also dropped further by 1 per cent.
