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International Finance Centre (Hong Kong)

Coordinates:22°17′6″N114°9′33″E / 22.28500°N 114.15917°E /22.28500; 114.15917
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From Wikipedia, the free encyclopedia
Supertall skyscraper in Central, Hong Kong
For other skyscrapers with the same name, seeInternational finance centre.

International Finance Centre
國際金融中心
International Finance Centre
International Finance Centre (Hong Kong) is located in Hong Kong
International Finance Centre (Hong Kong)
Location within Hong Kong
General information
StatusCompleted
TypeCommercial offices
Location8 Finance Street
Central, Hong Kong
Coordinates22°17′6″N114°9′33″E / 22.28500°N 114.15917°E /22.28500; 114.15917
Construction started1996; 29 years ago (1996) (International Finance Centre 1)
2000; 25 years ago (2000) (Two International Finance Centre)
Completed1998; 27 years ago (1998)
Opening6 July 1998; 27 years ago (1998-07-06) (One International Finance Centre)
18 October 2003; 22 years ago (2003-10-18) (Two International Finance Centre)
CostUS$6.4 billion
Height
Tip412 m (1,351.7 ft)[1][2]
Roof407 m (1,335.3 ft)[1]
Top floor387.6 m (1,271.7 ft)[1]
Technical details
Floor count88 above ground level,
6 basement floors
Floor area185,805 m2 (1,999,988 sq ft)
Lifts/elevators62
Design and construction
ArchitectCésar Pelli & Association Architects[3]
Executive Architect (Cladding)Adamson Associates Architects
DeveloperSun Hung Kai Properties,Henderson Land andTowngas
Structural engineerOve Arup & Partners
Main contractorE Man-Sanfield Joint Venture
References
[4][5][6][7]
International Finance Centre
Traditional Chinese國際金融中心
Simplified Chinese国际金融中心
CantoneseYaleGwokjai Gāmyùhng Jūngsām
Transcriptions
Standard Mandarin
Hanyu PinyinGuójì jīnróng zhōngxīn
Yue: Cantonese
Yale RomanizationGwokjai Gāmyùhng Jūngsām
JyutpingGwok3zai3 Gam1jung4 Zung1sam1
IPA[kʷɔk̚˧.tsɐj˧ kɐm˥.jʊŋ˩ tsʊŋ˥.sɐm˥]

TheInternational Finance Centre (abbreviated asIFC) is a skyscraper and integrated commercial development on theVictoria Harbour inCentral, Hong Kong.

A prominent landmark onHong Kong Island, The IFC complex consists of two skyscrapers (1 IFC and 2 IFC), a shopping mall (IFC Mall), and a 55-storey hotel, theFour Seasons Hotel Hong Kong. 2 IFC is the second-tallest building in Hong Kong at a height of 412 m (1,351.7 ft),[2][1] behind theInternational Commerce Centre inWest Kowloon, and the38th-tallest building in the world. It is the fourth-tallest building in theGreater China region and the eighth-tallest office building in the world, based onstructural heights; it is of similar height to the formerWorld Trade Center. TheAirport ExpressHong Kong station is directly beneath it, with subway lines toHong Kong International Airport.

IFC was constructed and is owned by IFC Development, a consortium ofSun Hung Kai Properties,Henderson Land andTowngas.[8]

At the time of its completion, IFC was among the most expensive commercial developments in the world, with total costs exceeding HK$50 billion (US$6.3–6.5 billion), including a record-setting HK$30 billion land premium.[9]

In 2003,Financial Times,HSBC, andCathay Pacific put up an advertisement on the facade that stretched more than 50storeys, covering an area of 19,000 m2 (200,000 square ft) and a length of 230 m, making it the world's largest advertisement ever put on a skyscraper.[10]

History

Tower 1 is also known as 1IFC and branded in lowercase letters, as "One ifc". Likewise, Tower 2 is also known as 2IFC and branded as "Two ifc".[11]

1IFC opened in December 1998, towards the end of theAsian financial crisis. Tenants includedING Bank,Sumitomo Mitsui Banking Corp,Fidelity International, theMandatory Provident Fund Schemes Authority[12] and theFinancial Times.[13]

TheHong Kong Monetary Authority purchased 14 floors in 2IFC;[13] theHong Kong Mortgage Corporation signed a 12-year lease on 24,000-square-foot (2,200 m2);[14]Nomura Group agreed to take 60,000 sq ft (5,600 m2) at 2 IFC; theFinancial Times, an existing tenant at One IFC, took 10,000 sq ft (900 m2).[13]Ernst & Young took six floors (from the 11th to 18th floors), or about 180,000 square feet (16,700 m2), in 2IFC, to become the biggest tenant.[15]

2IFC, which was completed at the height of theSARS epidemic,[12] was initially available to rent at HK$25-HK$35 per square foot.[16] In 2007, as the economy has improved, high quality ("Grade A") office space is highly sought after; rents for current leases are $150 per square foot as of March 2007.[17]

One International Finance Centre

One International Finance Centre, completed in 1998[18] and opened on 6 July 1998, has a similar design and appearance with the “Two IFC”. It is 689 feet (210 m) tall, has 39[19] stories and 4 trading floors, 18 high speed passenger lifts in 4 zones, and comprises 784,000 square feet (72,800 m2). The building currently accommodates approximately 5,000 people.

Two International Finance Centre

Two International Finance Centre, completed on 18 October 2003, is attached to the second phase of the ifc mall. This 412-metre-tall (1,351.7 ft),[2][1] building, currently Hong Kong's second tallest, is quoted as having 88 storeys and 22 high-ceiling trading floors to qualify as being extremely auspiciousin Cantonese culture. It is, however, short of the magic number, because "taboo floors" like the 14th and 24th floors are omitted as being inauspicious – inCantonese andMandarin Chinese, "4" is pronounced similarly to "death".

Engineers use outrigger trusses tied to eight large composite perimeter columns to address concerns of office workers about working inhigh-rise buildings afterSeptember 11 attack. According to Hong Kong building regulations, high-rises must incorporaterefuge floors at 25-floor intervals for emergency evacuation. Placing the outriggers in these unoccupied floors allows structural designers to provide the building with the required resistance againstlateral movements without sacrificing lettable space.[9]

The highrise is designed to accommodate financial institutions For example, theHong Kong Monetary Authority (HKMA) is located at the 55th floor. It is equipped with advanced telecommunications, raised floors for flexible cabling management, and nearly column-free floor plans. The building expects to accommodate up to 15,000 people. It is one of relatively few buildings in the world equipped withdouble-deck elevators.

Floor numbers 55, 56, 77 and 88 were bought by theHKMA for HK$3.7 billion in 2001.[14] An exhibition area, currently containing an exhibit of Hong Kong's monetary history, and a library of the Hong Kong Monetary Authority Information Centre occupy the 55th floor, and are open to the public during office hours.[20]

Despite common practice for owners to allow naming buildings after its important tenants, the owners decided not to allow renaming of the building.[21]

Current office tenants include Banco Santander, Baring Private Equity Asia, BGC Partners, Blackstone Group, BNP Paribas,China Universal Asset Management, Citadel, Coatue Management, DST Advisors, E Fund Management, Hillhouse Capital, Hony Capital, Investec Asset Management, Jefferies, Lazard, Lexington Partners, Millennium Management, Nomura, Sidley Austin LLP, Silver Lake, State Street Bank & Trust Company, UBS and Warburg Pincus.[22]

Four Seasons Hotel Hong Kong

Main article:Four Seasons Hotel Hong Kong

TheFour Seasons Hotel is a luxury hotel that was built near IFC One and Two. It was completed and opened in October 2005. The 206 m (674 ft), 60-storey oceanfront hotel is the onlyFour Seasons Hotel in Hong Kong. The hotel has 399 guest suites, and 519 serviced apartments. Amenities include a French restaurantCaprice andspa.[23]

IFC Mall

The IFC Mall is an 74,000 square metres (800,000 sq ft), 4-storeyluxuryshopping mall, with many luxury retail brands and a wide variety of restaurants. Anchored byLane Crawford,PALACE Cinema (part of Broadway Circuit), andC!ty'super, the first officialApple Store was also located in this mall (a 3-storey flagship store in Hong Kong). In May 2018, the firstShake Shack restaurant in Hong Kong was opened in the mall.[24]

Cultural impact

The IFC towers have been featured in several Hollywood films, includingLara Croft: Tomb Raider – The Cradle of Life, where Lara Croft leaps off the then-under-construction 2 International Finance Centre, landing on a ship out in the Kowloon Bay,The Dark Knight, where Batman leapt from 2 IFC to 1 IFC, and Godzilla vs Kong, where an action scene then takes place.[25]

See also

References

  1. ^abcde"Two International Finance Centre".Sky Scraper Page. Retrieved1 October 2024.
  2. ^abc"Two International Finance Centre".CPP Wind. Retrieved1 October 2024.
  3. ^"International Finance Centre, Basic Information".
  4. ^"Two International Finance Centre".CTBUH Skyscraper Center. Retrieved1 May 2012.
  5. ^"Two International Finance Centre".Emporis. Archived from the original on 4 March 2016. Retrieved14 November 2012.
  6. ^"Two International Finance Centre".SkyscraperPage. Retrieved21 February 2008.
  7. ^Two International Finance Centre atStructurae. Retrieved 14 November 2012.
  8. ^"IFC owner opposes plan for neighbours".SCMP. 24 February 2009. Retrieved3 March 2009.
  9. ^abShan, Xin."Valuation of IFC One"(PDF).www.pmdaniu.com.Archived(PDF) from the original on 18 September 2025.
  10. ^"Vertigo World's Largest Outdoor Advert". Archived fromthe original on 12 July 2012.
  11. ^ifc site: "One and Two ifc"Archived 10 May 2012 at theWayback Machine
  12. ^abBloomberg (18 June 2003)."Tenanting tallest tower looks likely to be a tall order".The Standard. Archived fromthe original on 21 May 2008. Retrieved23 March 2007.
  13. ^abcLau, Eli (22 September 2003)."SHKP net profit tipped to drop 24.6pc".The Standard. Archived fromthe original on 24 November 2007. Retrieved27 March 2007.
  14. ^abTong, Sebastian (7 April 2003)."HKMC 'to pay $90m' for lease at Two IFC".The Standard. Archived fromthe original on 21 May 2008. Retrieved27 March 2007.
  15. ^Wang, Raymond (13 November 2003)."Interest grows in mega project".The Standard. Archived fromthe original on 21 May 2008. Retrieved27 March 2007.
  16. ^Wallis, Keith (22 October 2003)."2IFC optimism".The Standard. Archived fromthe original on 21 May 2008. Retrieved23 March 2007.
  17. ^Kuo, Patricia (11 March 2007)."Hong Kong's IFC gets $242 billion loan".International Herald Tribune. Retrieved24 March 2007.
  18. ^"One International Finance Centre".PropWiser Consultants Limited. Retrieved25 July 2025.
  19. ^"One International Finance Centre in Hong Kong".SKYDB.Archived from the original on 9 September 2025.
  20. ^"HKMA Information Centre". Hong Kong Monetary Authority. Retrieved27 March 2007.
  21. ^Danny Chung,Name of the game is signage rightsArchived 21 May 2008 at theWayback Machine,The Standard, 23 June 2006
  22. ^Two IFC Tenants
  23. ^Ann Collier,Room at the top for eliteArchived 21 May 2008 at theWayback Machine,The Standard, Monday, 13 June 2005
  24. ^"It's official: we have the opening date of Shake Shack!".Time Out Hong Kong. 26 April 2018. Retrieved26 March 2020.
  25. ^Pulver, Andrew (4 July 2012)."Top 10 films set in Hong Kong".The Guardian. Retrieved27 October 2015.

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