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

  • Omicron patients can stay home: PM

    The Ministry of Health has issued a directive on the treatment of people who have tested positive for the highly transmissible Omicron coronavirus variant, following a suggestion from Prime Minister Hun Sen on the night of January 21. The directive permits home quarantine for those who

  • The effects of the USD interest rate hike on Cambodian economy

    Experts weigh in on the effect of a potential interest rate expansion by the US Federal Reserve on a highly dollarised Cambodia Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by

  • Cambodia’s first ever anime festival kicks off Jan 22 at capital’s F3 centre

    Phnom Penh's first ever Anime Festival will bring together fans, artists, shops and other local businesses with ties to the Japanese animation style for cosplay competitions, online games, pop-up shops and more on January 22, with Friends Futures Factory (F3) hosting. F3 is a project that

  • PM eyes Myanmar peace troika

    Prime Minister Hun Sen has suggested that ASEAN member states establish a tripartite committee or diplomatic troika consisting of representatives from Cambodia, Brunei and Indonesia that would be tasked with mediating a ceasefire in Myanmar. The premier also requested that Nippon Foundation chairman Yohei Sasakawa

  • Demining rat ‘hero’ Magawa dead at 8

    A landmine-hunting rat that was awarded a gold medal for heroism for clearing ordnance from the Cambodian countryside has died, his charity said on January 11. Magawa, a giant African pouched rat originally from Tanzania, helped clear mines from about 225,000sqm of land – the equivalent of 42

  • Hun Sen gets 4th Covid shot, urges compatriots to follow

    Prime Minister Hun Sen and his wife Bun Rany on January 14 received their fourth dose of Covid-19 vaccine and called on compatriots to follow suit as the Omicron coronavirus variant continues to spread in the community. This marks the launch of Cambodia's fourth-dose vaccination campaign,