HEWLETT PACKARD at The Center, Central by ipx46851


									CASE STUDY               Office Services

HEWLETT PACKARD at The Center, Central

                              THE CHALLENGE
                              • Consider relocation or consolidation of Compaq's
                                120,000 sq.ft. Hong Kong occupation following the
                                merger with HP

                              THE SOLUTION
                              Two scenarios were considered:
                              • Relocate Compaq into merged and enlarged HP
                                premises in Taikoo Shing
                              • Establish central marketing office function in Central

                              THE RESULT
                              • 55,000 sq.ft. leased in The Center, Central
                                commitment made in August 2003, a historical low
                                point in the office market cycle, to a flexible lease
                                containing a favorable long term rental structure

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