Cyberport Phase 5 Half-Filled with Tenants Including Lenovo, BrainCo
SCMP · 1 SOURCESabout 1 hour ago2 MIN
Summary
Hong Kong's Cyberport fintech hub has completed its fifth-phase expansion, adding 66,000 square metres of space on a waterfront plot in Pok Fu Lam, with half of the offices already leased to tenants including mainland tech giants Lenovo and brain-computer interface firm BrainCo. The HK$5.5 billion project includes a Tier-III+ data centre supporting AI supercomputing facilities as Cyberport positions itself as a key driver of Hong Kong's inaugural five-year plan .
Key Points
- The fifth-phase project, allocated HK$5.5 billion (US$700.9 million) in the 2019 policy address, was completed in June 2024 .
- Located on a 1.6-hectare waterfront plot at Cyberport headquarters in Pok Fu Lam, the development comprises a 10-storey tower with 66,000 square metres of gross floor area .
- About 36,000 square metres is dedicated to offices and co-working space, while 8,600 square metres houses a Tier-III+ data centre supporting the hub's AI supercomputing facilities .
- Major tenants such as Lenovo and BrainCo, a member of Hangzhou's "Six Little Dragons" tech cluster, have already moved in, with office leasing more than 50 percent filled .
- Cyberport Chairman Simon Chan Sai-ming said the hub has reserved "smart space" for early-stage ventures that might only need a desk .
Why It Matters
The partial filling of Cyberport's phase 5 demonstrates growing interest from mainland Chinese tech firms in Hong Kong's innovation ecosystem, as the hub seeks to position AI development as a pillar industry under Hong Kong's inaugural five-year plan . The government's public consultation on the five-year plan closed Friday, with the final document expected in the third quarter of 2024 .
The partial filling of Cyberport's phase 5 demonstrates growing interest from mainland Chinese tech firms in Hong Kong's innovation ecosystem, as the hub seeks to position AI development as a pillar industry under Hong Kong's inaugural five-year plan . The government's public consultation on the five-year plan closed Friday, with the final document expected in the third quarter of 2024 .