- 75
-
(b)
(c)
of the current occupancy rate of offices of the Hong Kong Productivity Council (HKPC) which similarly has offices for leasing, and
...
whether there is a duplication in the provision of such leasing services by the Centre and the HKPC; if not, what is the difference between the services provided by these two organisations?
Answer
The Hong Kong Industrial Technology Centre Corporation does not anticipate any difficulty in attracting sufficient tenants to fill the Centre. Since fitting-out was completed in November 1994, 74% of the leasable area (18,916 m2) has been committed to tenants. A commercial letting agent is promoting the Centre to potential tenants through direct mailing, features and advertisements in newspapers and journals. Space in the incubator units is being offered at a 70% rebate for the first year, and attractive discounts for the following two years. Other space is being offered at competitive market prices.
As regards the Hong Kong Productivity Council, in February 1995, 83% of the leasable space (3,386 m2) in the Council's building was let to tenants.
There is no duplication in the services provided by the Council and the Centre. Additional space was provided in the Council's building to provide room for future expansion of its services. Some of this space has already been taken up by the Council. The Council has let the space which is not required for the time being to a variety of companies in order to generate rental income. The Council does not provide special services to its tenants. In contrast, the Centre is intended specifically to nurture the growth of technology-based companies, which it does by providing a range of support services, including technology transfer and laboratory facilities.
End/Wednesday, March 8, 1995