Data Point related to: ELEMENT
Exchange Square
Exchange Square is a building complex in Central, Hong Kong, housing offices and the Hong Kong Stock Exchange. It is accessible via the Central and Hong Kong stations on the MTR metro system.
The majority of Exchange Square is owned by Hong Kong Land, with the remainder owned by the government. The complex consists of three blocks: One Exchange Square, Two Exchange Square, and Three Exchange Square. The Forum, a shopping block, was redeveloped into an office building between 2011 and 2014.
The ground level features the Central (Exchange Square) Bus Terminus. In February 1982, Hong Kong Land acquired the plot from the government for $4.76 billion during a market peak. Following a drop in prices, the company had to restructure its debt. In February 1983, HKL secured an eight-year loan of $4 billion, a record at the time, and later mortgaged the plot to obtain a $2.5 billion loan facility in December 1983. The second installment of $2 billion was due in the 1984/85 financial year.
Type of Data Point - Basic Data Point - Source Wikipedia
Exchange Square (Hong Kong) - Wikipedia
Visit page of the element - Exchange Square
Inserted: 27-12-2024 22:12:47
Questions related to this Data Point
How did Hong Kong Land secure financing for Exchange Square in the 1980s?
How did the financial challenges affect Hong Kong Land's acquisition of Exchange Square?
How did the market downturn influence Hong Kong Land's debt restructuring for Exchange Square?
How does Exchange Square's location impact its accessibility in Hong Kong?
What are the implications of Exchange Square's ownership structure for Hong Kong Land?
What is the significance of the redevelopment of The Forum in Exchange Square?
What was the role of the Hong Kong government in the ownership of Exchange Square?
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Architecture in the city
Map of Hong Kong
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