HKR International Limited (“HKRI”) announced today that it has signed a leasing agreement with Hong Kong Cyberport Management Company Limited (“Cyberport”) under the “Space Sharing Scheme for Youth” rolled out by the HKSAR government. According to the agreement, HKRI will lease out 20,000 square feet office space at CDW Building, the largest co-working space under this scheme by far, to Cyberport at one-third of the market rent to set up its first off-site Smart-Space office to promote technology development and encourage youth entrepreneurship.
Cyberport is the pioneer to introduce co-working space in Hong Kong with the launch of “Smart- Space” in 2009 which provides flexible offices for local start-ups and overseas companies. Over these years, Smart-Space has been home to many outstanding technology companies, including Dragon Law, Lattice, A Privacy and BULL.B.
Mr Victor Cha Mou Zing, Deputy Chairman and Managing Director of HKR International Limited said, “HKRI always renders active support to the Government’s policy and we are pleased to participate in the scheme to contribute to our society. Pioneering and innovation have always been our core values, and we are glad to partner with Cyberport to support the continual growth of technology development in Hong Kong.”
“More importantly, CDW Building has a special meaning to the Group. It is where the Group first set foot in the Hong Kong market and our business has blossomed from here. We wish young entrepreneurs every success with their new business startups at CDW Building.”
Dr Lee George Lam, Chairman of Cyberport, said, “It is our honour to support the Government’s initiative to promote innovation and entrepreneurship through the partnership with HKRI to set up Cyberport’s first off-campus Smart-Space in Tsuen Wan for young digital technology entrepreneurs. It has been our long-standing mission to inspire the young generation and help them springboard to success to become drivers for Hong Kong's digital economy."
“This will be the eighth Smart-Space operated by Cyberport. With our solid experience in providing comprehensive incubation and support programmes, we are confident that this new Smart-Space will become a cradle for success for young and passionate entrepreneurs”, added Dr Lam.
CDW Building, located in the heart of Tsuen Wan, is a newly revitalised commercial complex comprising a shopping mall named 8½ and an 18-storey office tower. Its prime location, excellent connectivity, and practical and highly efficient layout, have made CDW Building a popular office choice. With its long history in serving tenants from a wide diversity of business sectors, the professional property management team is well experienced and dedicated to provide first-class support to tenants.
About HKR International Limited
HKR International Limited has diversified interests in real estate development and investment, property management, luxury hotels and serviced apartments, healthcare services and other investments in Hong Kong, mainland China and across Asia.
2017 marks the Group’s 40th anniversary. The Company has been listed on The Stock Exchange of Hong Kong since 1989, under the Stock Code of 00480, and it is also a constituent of the Hang Seng Global Composite Index, Hang Seng Composite Index and Hang Seng Corporate Sustainability Benchmark Index. (www.hkri.com)
Cyberport is an innovative digital community with 1000 digital tech companies. With the vision to become a main force in developing the digital tech industry as a key economic driver of Hong Kong, Cyberport is committed to nurturing youth, start-ups and entrepreneurs to grow in the digital industry by connecting them to strategic partners and investors, driving collaboration with local and international business partners to create new opportunities, and accelerating digital adoption amongst corporates and SME. Cyberport focuses on building key clusters of digital technology, namely FinTech, eCommerce, IoT/Wearables and Big Data/AI to foster the development of Hong Kong into a “Smart City”. For more information, please visit www.cyberport.hk.