Morgan Stanley Asia-Pacific headquarters moving to International Commerce Centre
08 August 2007

Sun Hung Kai Properties announced today that Morgan Stanley will lease ten floors in Hong Kong's next landmark – International Commerce Centre (ICC).

Morgan Stanley will move its Hong Kong-based Asia Pacific headquarters to ICC at Union Square by Kowloon Station at the end of 2008. replica watches .The distinctive 118-storey mixed-use mega-tower was designed by world-renown architects, Kohn Pedersen Fox Associates, and is being completed in phases. Occupancy is scheduled to commence as early as February 2008 with the tower's completion expected in 2010.

"Relocating to the ICC is a good strategic move for us," said Hans Schuettler, Asia CEO of Morgan Stanley.replica watches . "We have had positive experience in being among the first banks that moved into newly developing business locations, such as mid town in New York and Canary Wharf in London."

"ICC will provide us the necessary flexibility for expansion and growth, a brand-new working environment with improved amenities and first class client facilities.replica watches . Most importantly, it allows us to create a 'one firm' experience by keeping all of our employees in the same complex," said Mr. Schuettler.

ICC's waterfront site, distinctive architecture, spacious and highly-efficient design, state-of-the-art facilities and revitalizing green spaces were designed to appeal to a wide variety of tenants.

Raymond Kwok, Vice-Chairman and Managing Director of Sun Hung Kai Properties, said: "ICC's specifications speak for themselves. replica watches .No other waterfront development in Hong Kong offers the same quality, convenience, or spectacular views. ICC is a symbol of Hong Kong's status as a prosperous, world-class international city, and we are proud to have Morgan Stanley join us here. It is a striking vote of confidence in our belief that ICC will be the latest in Hong Kong's landmark prestige buildings."

ICC's exceptional building and infrastructure specifications, management service and on-site hotel and accommodation deliver practicality and prestige, functionality and style in a single convenient package to prospective tenants such as Morgan Stanley.

About International Commerce Centre
At 118-storeys, ICC will be Hong Kong's newest landmark. It was designed by an internationally acclaimed architectural firm to embody uncompromising quality, and its key harbour crossing point in West Kowloon will make it the only integrated, easily-accessible grade-A commercial and retail space on the Kowloon peninsula. ICC will offer exceptional transportation convenience - with commanding views of Hong Kong's distinctive skyline.

The entire development encapsulates today's paradigm of modern living - from sumptuous retail locations to luxury boutique residences and revitalizing green spaces.replica watches . ICC will be completed in phases from 2007 to 2010. It will have 2.5 million square feet of grade-A offices, a one-million-square-foot shopping mall, luxury residences and serviced apartments – all accessible via MTRC's new Kowloon Station.

About Sun Hung Kai Properties
Sun Hung Kai Properties (SHKP) is one of Hong Kong's largest property companies. It has built a strong brand name over the years, along with a reputation for premium quality and comprehensive customer care across the residential and commercial markets. The company is well known for its seasoned management and commitment to good corporate governance, and the SHKP brand is seen as a guarantee of 'Quality You can Trust' by customers and investors alike.