Key Takeaways
- • Qube Research & Technologies, a London-based global multistrategy hedge fund, has signed the second-largest prime office lease in Hong Kong's Central district in over a decade, comprising 146,000 square feet across six floors at Two International Finance Centre.
- • The lease, which commences in the first quarter of 2027, will make Qube the largest tenant in the IFC complex, according to Jones Lang LaSalle data cited in the deal.
- • Qube is taking over space vacated by UBS Group AG at Two IFC, an MTR Corp-owned property, signaling continued institutional investor expansion in Hong Kong's premium office market despite broader market uncertainty.
- • The deal represents the largest office lease ever signed by a hedge fund firm in Hong Kong, underscoring Qube's significant growth trajectory and confidence in the Hong Kong financial center.
Summary
Qube Research & Technologies Ltd., a global multistrategy hedge fund headquartered in London, has secured a major real estate commitment in Hong Kong's Central business district by leasing approximately 146,000 square feet across six floors at Two International Finance Centre. The transaction, announced in December 2025, constitutes the second-largest prime office lease in Central over the past decade and marks the largest office lease ever signed by a hedge fund in Hong Kong.
The lease spaces, being vacated by UBS Group AG, will be occupied starting in the first quarter of 2027. Upon occupancy, Qube will become the largest single tenant within the IFC complex, according to data compiled by Jones Lang LaSalle, which advised on the transaction. The property itself is owned by MTR Corp, Hong Kong's principal mass transit operator, which also maintains significant real estate holdings in the territory's financial district.
According to Murray Steel, Qube's Asia-Pacific chief operating officer, the company's decision to establish a substantial footprint in Central reflects the firm's operational expansion in one of Asia's preeminent financial centers. The transaction signals institutional confidence in Hong Kong's office market and suggests potential stabilization in the Central district's commercial real estate sector, which has experienced volatility in recent years. The hedge fund's commitment to six full floors underscores the scale of Qube's regional operations and strategic importance placed on its Hong Kong presence.
The lease spaces, being vacated by UBS Group AG, will be occupied starting in the first quarter of 2027. Upon occupancy, Qube will become the largest single tenant within the IFC complex, according to data compiled by Jones Lang LaSalle, which advised on the transaction. The property itself is owned by MTR Corp, Hong Kong's principal mass transit operator, which also maintains significant real estate holdings in the territory's financial district.
According to Murray Steel, Qube's Asia-Pacific chief operating officer, the company's decision to establish a substantial footprint in Central reflects the firm's operational expansion in one of Asia's preeminent financial centers. The transaction signals institutional confidence in Hong Kong's office market and suggests potential stabilization in the Central district's commercial real estate sector, which has experienced volatility in recent years. The hedge fund's commitment to six full floors underscores the scale of Qube's regional operations and strategic importance placed on its Hong Kong presence.
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