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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

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Nov 14 4:00 PM EST

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To: Rolla Coasta who wrote (80270)	9/29/2011 5:16:56 PM
From: Snowshoe	Read Replies (2) of 217800

Abandoned Airport May Hold Answer to Hong Kong’s Office Problem bloomberg.com Visible across Victoria Harbour from the banking heart of Central, the overgrown landing strips and dilapidated hangars on which the government plans to build housing and a stadium cover an area almost the size of New York’s Central Park. The site could be redeveloped to add as much as 40 million square feet of prime offices by 2021, said Nicholas Brooke, founder of Hong Kong-based Professional Property Services Ltd. That’s three times as much as London’s Canary Wharf. Brooke said that in the past six months he met with the Asian heads of four of the world’s biggest investment banks and heard the same message: If rents keep going up and Hong Kong doesn’t build more prime office space, they soon will have to relocate parts of their operations to other Asian cities.

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