The property, previously known by the site address "11 Chater Road", has now been officially
named Chater House in recognition of the outstanding contribution of Sir Paul Chater, the co-founder of Hongkong Land and the "founder" of the Central business district.
The commitment by JPMorgan represents more than half of the total office area in Chater House,
and is the largest office lease signed in Hong Kong in recent years. The monthly rental exceeds
HK$60 per sq. ft per month, and a six-month rent-free period is included in the lease to allow
JPMorgan to fit-out the premises from "shell and core".
At the signing ceremony today, Hongkong Land's Chief Executive, Nicholas Sallnow-Smith, said that the signing is a statement of confidence in Hong Kong's Central business district, and in Hong Kong as a regional financial centre.
"It is most encouraging to see JPMorgan taking a positive lead by making a major commitment
of this size and term, and we thank them for their ongoing commitment to Hongkong Land. It is
a tribute to the quality of Chater House and its location at the heart of Central," Mr Sallnow-Smith said.