Laopu Gold deepens Hong Kong footprint with entire-floor lease at Central tower: sources
Beijing-based jeweller Laopu Gold has leased an entire mid-floor at One Exchange Square in Central to support its global expansion, according to two sources familiar with the matter. The brand was taking around 13,000 square feet at the flagship Central tower, which houses Hong Kong Exchanges and Clearing (HKEX), one source said. The deal comes as mainland consumer firms and financial…
Beijing-based jeweler Laopu Gold has leased an entire floor in One Exchange Square, Central, Hong Kong, to bolster its global expansion, according to two sources familiar with the deal. The brand is occupying around 13,000 square feet in the flagship Central tower, which houses Hong Kong Exchanges and Clearing (HKEX). The property, valued at approximately HK$6.3 billion, saw HK$1.69 million (US$215,000) monthly rents on its 36th floor, as per Centaline Property Agency data.
Laopu Gold, known for its handcrafted heritage pieces, has seen its stock price soar more than tenfold since its 2024 Hong Kong listing, positioning it among the exchange's top performers. The single-floor lease aligns with the company's ambitious overseas plans, aiming to open flagship stores in the United States, Canada, and France by 2027.
Established in 2016, Laopu Gold has thrived despite China's consumer slowdown, benefiting from gold's role as a safe-haven asset. The lease also reflects a broader industry trend, with many Chinese financial institutions and major consumer brands establishing large office operations in Central or Admiralty to boost their brand image and attract international talent.
Written by urgent.news from SCMP Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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