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Lippo Centre
The Lippo Centre, originally known as the Bond Centre, is a twin-tower skyscraper complex completed in 1988. Located at 89 Queensway in Admiralty, Hong Kong Island, it is near the Admiralty MTR station. Tower I stands at 186 meters (610.2 feet) with 46 stories, while Tower II is 172 meters (564.3 feet) tall with 42 stories. The complex spans approximately 1.3 million square feet, comprising two office towers, a retail podium on the ground floors, and a small basement car park.
Upon completion in late 1987, the Lippo Centre came under the management of Savills Investment Management. However, the building's history has been marred by repeated corporate ownership collapses. Initially, a consortium linked to the Singapore-based Kwee Liong Tek family led the project, but their majority interest was sold mid-construction to Australian tycoon Alan Bond. Bond’s financial empire crumbled four years later with the collapse of the Bond Corporation.
Subsequent ownership changes included Peregrine Investments Holdings, which also faced financial failure, and the Indonesian-backed Lippo Group, the current majority owner. Despite its prominence, the Lippo Centre has been linked to claims of bad feng shui, attributed to the distinctive C-shaped glass extrusions, often likened to koalas clinging to a tree. Local feng shui consultants have speculated that this design contributes to the building's misfortunes, though Peregrine’s own feng shui consultant dismissed such concerns.
Today, the Lippo Centre remains a notable landmark in the heart of Admiralty, embodying both architectural distinction and a history of corporate intrigue.
Type of Data Point - Basic Data Point - Source Wikipedia
Lippo Centre (Hong Kong) - Wikipedia
Visit page of the element - Lippo Centre
Inserted: 28-12-2024 21:12:58
Questions related to this Data Point
How did Alan Bond’s bankruptcy affect the Lippo Centre’s ownership?
How did feng shui consultants interpret the design of the Lippo Centre’s C-shaped extrusions?
How did the corporate ownership of the Lippo Centre change after its construction?
What factors contributed to the financial collapses associated with the Lippo Centre?
What impact did Peregrine Investments Holdings’ financial collapse have on the Lippo Centre?
What role did Savills Investment Management play in the Lippo Centre’s early history?
Who is the largest current owner of the Lippo Centre?
Why did the Kwee Liong Tek family sell their majority interest in the Lippo Centre mid-construction?
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Architecture in the city
Map of Hong Kong
Skyscrapers in the world
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