Logo of Phnom Penh Post newspaper Phnom Penh Post - Exchange Square has its official opening

Exchange Square has its official opening

Content image - Phnom Penh Post
Phnom Penh’s Exchange Square. Pha Lina

Exchange Square has its official opening

After nearly a year of operations, Exchange Square – the $100 million, 39,700-square-metre development by Hongkong Land – had its official launch on Thursday.

Located in the heart of Phnom Penh’s financial district, Exchange Square has announced that it currently has an occupancy rate of 80 percent, with it expected to be fully occupied by the end of the year. So far it has attracted 60 tenants since its soft launch last August.

The company’s chief executive, Robert Wong, said on Thursday that the decision to invest in Exchange Square shows a strong commitment and confidence in the Phnom Penh real estate market.

“We believe this world-class property will bring a new level of quality in construction, property management and client service to the market. It will make a game-changing contribution to the dynamic transformation of Phnom Penh,” he said.

Exchange Square comprises 16 floors of prime office space and a 4-level retail podium. The building has four basement car parks, with restaurants, cafes, shops, a cinema and other business outlets.

It is currently leased to major international organisations such as life insurance firm AIA (Cambodia), CIMB Bank, International Finance Corporation (IFC), World Bank Group and several well-known food and beverage outlets and retail chains.

Pen Sophal, secretary of state for the Ministry of Land Management, Urban Planning and Construction, said on Thursday that Exchange Square will stand as a testament to the high standards of Cambodia’s real estate market.

“Real estate and construction growth has genuinely created a positive impact and contributed to a better economy,” Sophal said.

Our previous version was wrongly mentioned Exchange Square comprises 26 floors. The Post has corrected it above.

MOST VIEWED

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • Courts’ decisions now published as reference source

    The Ministry of Justice has published 44 verdicts from civil litigation cases which can be used as models for court precedents and for study by the public and those who work in pertinent fields. Publication of the verdicts on December 31 came as the result of joint

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • Quarantine site in north Phnom Penh inaugurated

    A four-building quarantine centre in Phnom Penh’s Prek Pnov district was formally inaugurated on January 6. The centre can house up to 500 people, according to Phnom Penh municipal governor Khuong Sreng. At the inauguration ceremony, Sreng said the municipal hall had cooperated with the Ministry

  • China firm to develop Mondulkiri airport

    Tourism to the Kingdom’s northeast corridor could experience a remarkable metamorphosis after the government decided in principle of a Chinese company to study and develop a proposal to build a regional-level airport in Mondulkiri province, according to industry insiders. The Council of Ministers said