HONG KONG, Sept. 23, 2013 /PRNewswire/ -- The Executive Centre, Asia Pacific's leading premium serviced offer provider, is pleased to announce that it has secured USD40 million (over HKD300 million) in regional financing from The Hong Kong and Shanghai Banking Corporation Limited (HSBC).
The Chief Financial Officer for The Executive Centre, Alan Seigrist, remarked "HSBC has been excellent in their continued support of our business, bringing a global standard of unified service, while helping us to implement their services with unmatched local expertise and execution."
Founded in 1994, The Executive Centre has 55 locations in 20 cities and 10 countries across the Asia Pacific region, managing over 1 million square feet of office space. Renowned for its premium fit-outs, exceptional client-oriented services, and state-of-the-art infrastructure, The Executive Centre serves a number of the most well-known financial services and technology companies in the world namely Morgan Stanley, Barclays, Microsoft, Google and Cisco.
"Over the last few years, driven by our unwavering commitment to best-in-class facilities, locations and services deployed throughout our Asia-Pacific commercial real estate portfolio, The Executive Centre has grown over 260% since 2005 compared to an industry average of 73%," Alan Seigrist said.
Commenting on The Executive Centre's business expansion, Alan Seigrist continued, "This year, we have launched new premier office facilities in Perth, Jakarta and Bangalore. Our expansion plans in China, Hong Kong, Taipei and Seoul at prime CBD locations are also ongoing. Leveraging the rising demand for premium serviced office space driven by companies seeking the advantages of flexible workspace solutions, we are very excited about the growth of The Executive Centre in the coming years both in terms of capacity and revenue."
