Hong Kong developer NWD seals record deal for global firm Aecom’s Asia headquarters

Multinational firms, including Ralph Lauren and Lush, drive up occupancy rate of NWD’s grade A office building in Cheung Sha Wan

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Tenants at 83 King Lam Street include multinational companies from the US, Japan and Europe, according to NWD. Photo: Handout

Published: 2:10pm, 30 Oct 2025Updated: 2:16pm, 30 Oct 2025

A multinational infrastructure consultancy has leased 120,000 sq ft for its upgraded Asia headquarters at a grade A office building of New World Development (NWD) in Cheung Sha Wan, setting a record as the biggest post-pandemic deal of its kind in the district.

Aecom, drawn by the district’s well-developed transport network and accessibility, which supports employee commutes and business development across the Greater Bay Area and Northern Metropolis, was the latest tenant at NWD’s 83 King Lam Street, the developer said on Thursday. It did not disclose rental terms.

The property features a twin-tower design and stands 23 storeys tall, with a total gross floor area of 1.14 million sq ft. It had achieved a 70 per cent occupancy rate, with over half the space leased to multinational corporations from the US, Japan and Europe, NWD said.

The building has also attracted a diverse range of tenants from various sectors, including architecture and engineering, fashion, high-end logistics, technology, media and co-working spaces.

NWD has denied market speculation that it is conducting a liability-management exercise. Photo: Jelly Tse

Notable multinational tenants include American apparel brand Ralph Lauren, British beauty retailer Lush, Japanese logistics company Yusen, suitcase brands Lojel and Delsey, and Danish pharmaceutical company Novo Nordisk.

On the residential front, NWD said its House Muse project in Kowloon City had generated over HK$800 million (US$103 million) in revenue after selling 115 of 120 units launched on the first day of sales in September.

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