Energy and Resource Tenant
Explore APAC Deal Summary
Savills Energy and Resources Tenant page is our hub for occupier services, providing commercial real estate intelligence and leveraging deep knowledge from market experts operating across the sector. The hub is a valuable resource for energy and resources tenants navigating today’s ever-changing and increasingly complex real estate and labour markets.
We have reached out to our broker community in key energy and resource sectors across APAC and consolidated a selection of current and/or significant transactional activity data within that industry sector. Separately, we have asked our Savills experts to share their thoughts and observations on energy and resources sector activity across workplace, in project management and real estate.
*Information represented is available in the public domain/has been gathered from the market. Whilst we have made reasonable attempts to verify we do not warrant the completeness or accuracy of the information presented.
APAC Deal
Summary
Vitol Asia
Relocation
3,530.32 sqm
Sunseap (Business Park)
Relocation
2,136.77 sqm
Singapore
Vitol Asia
Expansion
1,400 sqm
BHP
Renewal
40,000 sqm
What our experts say
Demand for office space within the Energy and Resources sector remains strong, especially in the Brisbane and Perth CBD markets. Most groups have maintained their pre covid footprint, however, there have been a couple of instances where larger firms have restructured their lease and elected to take less space. Engineering groups who specialise in this sector are expanding via the take-up of project space and if this trend continues, we expect to see downward pressure on vacancy rates in these markets. There does not appear to be a specific trend in the sector regarding how office space is used but rather each company has adopted practices that suit their specific needs. Flexibility in the approach to where staff work is a factor as the tight labour pool sees a focus on staff retention and attraction.
Mark
Smith
Director, Worldwide Occupier Services, Savills Australia & New Zealand
perth
Seoul
Kuala Lumpur
Nagase
Expansion & Relocation
Hyderabad
Grasim Industries Limited
Acquisition
320.05 sqm
William
Forwood
Regional Managing Director APAC - Project Management – APAC
Lauren Roth-Brown
Associate Director, Transactional Services - Middle East
Chevron
Relocation
25,000 sqm
Manila
Tronox India Pvt.Ltd
Acquisition
939.71 sqm
Grid Dynamics
Relocation
3,640.03 sqm
Invisalign
Relocation
3,640.03 sqm
ShivDesai Electrical Ltd (SDEL)
Acquisition
3,809.02 sqm
Shirdi Sai Electricals
Acquisition
3,845.54 sqm
BOSCH
Expansion & Relocation
22,008.17 sqm
Johnson Controls
Relocation
3,731.03 sqm
Solenis Global Shared Services
Expansion & Relocation
7,432.24 sqm
LG Energy Solution
Expansion
3,400 sqm
SK Signet
New Lease
3,100 sqm
South32
Relocation
6,300 sqm
Jacobs
Relocation
3,000 sqm
Mineral Resources
Relocation (owner occupy)
14,800 sqm
FMG
Renewal
20,000 sqm
Coffey
Renewal
2,100 sqm
ARUP
Relocation
2,500 sqm
BG&E
Expansion
4,000 sqm
Clough (WeBuild)
Relocation
6,000 sqm
Wood MacKenzie
Relocation
1,393.55 sqm
Total
Disposal
1,950.96 sqm
1,021.93 sqm
McDermott
Downsize
1,858.06 sqm
Subsea 7
Expansion
1,486.45 sqm
Eneos
New Lease
278.71 sqm
Petronas
Downsize & Consolidation
Unknown
Saudi Aramco
Relocation
1,486.45 sqm
Mitsubishi
Relocation
1,393.55 sqm
TechnipFMC
Relocation
7,618.05 sqm
Tenaga Nasional Berhad (TNB)
Consolidation to HQ
18,580.60 sqm
Ranhill Worley Parsons
Relocation
5,574.18 sqm
Brisbane
BHP
Renewal
20,000 sqm
Worley Parsons
Relocation
2,400 sqm
Peabody Energy
Relocation
1,500 sqm
Hatch Engineering
Renewal
6,000 sqm
Glencore
Relocation
3,000 sqm
Super Energy Corporation Public Company Limited
Expansion
500 sqm
Semcorp Energy
Company Limited
Market Entry
700 sqm
Banpu Energy Company Limited
Market Entry
300 sqm
RENOVA VIETNAM
CO., LTD
Market Entry
300 sqm
Shell Vietnam Co., Ltd
Renewal
700 sqm
ACEN Vietnam Company Limited
Market Entry
10 seats
Hitach
Energy
Relocation
190 sqm
HCMC, Vietnam
Hitachi Energy
Relocation
40,000 sqm
Hitachi Energy
Expansion
2,39,373 sqm
GCL Group
Expansion
8,000 sqm
GE Energy
Expansion
70,000 sqm
CATL Group
Expansion
3,79,100 sqm
CATL Group
Expansion
3,50,000 sqm
China
Adani
Power
New Lease
1,393.55 sqm
Pentair
Water
New Lease
3,716.12 sqm
Stem
Energy
New Lease
3,901.93 sqm
GNA Energy
Private Limited
New Lease
168.9 sqm
Hindustan Petroleum Corporation Limited
New Lease
376.07 sqm
Delhi
Pune
Aker Power Gas
New Lease
2,415.48 sqm
Engie
New Lease
1,347.09 sqm
Bengaluru
Ayana Renewable Power
New Lease
891.87 sqm
Simple Energy
New Lease
2,427 sqm
Mumbai
Sorin India
New Lease
237.83 sqm
Indian Oil Tanking
New Lease
1,276.49 sqm
Weatherford Drilling & Production Services (India) Pvt. Ltd
New Lease
848.58 sqm
Femto Green
Hydrogen Limited
New Lease
127.28 sqm
Essar UK Services Private Limited
New Lease
2,686.48 sqm
Bilt Graphic
Paper Products
New Lease
255.67 sqm
Excoal Energy
New Lease
592.35 sqm
Heurtey Petrochem India
New Lease
1,041.16 sqm
Halliburton India Operations
New Lease
1,181.45 sqm
Mahindra Susten
New Lease
1,114.84 sqm
Baker Hughes
New Lease
6,967.73 sqm
Marubeni India
New Lease
515.24 sqm
Earnest Energy
New Lease
292.55 sqm
chennai
BGR Energy
Expansion
3,158.70 sqm
Illumine-i
Expansion & Relocation
1,950.96 sqm
Aptiv Connect Systems
Expansion
1,579.35 sqm
Torrent Gas
New Lease
1,672.25 sqm
Doosan Power
Expansion
929.03 sqm
Eaton
Expansion & Relocation
1,858.06 sqm
Arvind
Nandan
Managing Director - Research & Consulting - India
Oil & gas was the largest sector for foreign interest in investment in 2022. This, boosted by high oil prices, has meant we have been seeing acquisition activity increase after a slowdown through covid. On the flipside, we are also seeing some reluctance across this sector, most likely given the wider economic uncertainties, to make strategic portfolio decisions. This has been witnessed through the large number of renewals we carried out on behalf of our clients.
William
Forwood
Regional Managing Director APAC - Project Management – APAC
Arvind
Nandan
Managing Director - Research & Consulting - India
Lauren Roth-Brown
Associate Director, Transactional Services - Middle East
Mark
Smith
Director, Worldwide Occupier Services, Savills Australia & New Zealand
The mature markets of Hong Kong and Singapore are seeing clients taking additional time to undertake deeper analysis over the use of their occupied space. Within Singapore Oil and Gas companies and their service providers occupy significant percentages of both CBD and outlying buildings. Post Covid there has been an increasing desire to move to “borderless working” for the companies’ non-trading teams, resulting in many companies assessing a possible “stay and reduce footprint” option. In other markets in APAC many occupiers are maintaining their footprints, whilst assessing their future property requirements into their next lease cycles. The balance between capex spent on new space and rentals is being assessed differently depending on each companies’ commercial drivers. ESG and energy usage, carbon footprint is also a major factor in building selection and fit-outs. Generally, companies are looking for value in the coming 3-6 years.
William
Forwood
Regional Managing Director APAC - Project Management – APAC
Arvind
Nandan
Managing Director - Research & Consulting - India
Lauren Roth-Brown
Associate Director, Transactional Services - Middle East
Mark
Smith
Director, Worldwide Occupier Services, Savills Australia & New Zealand
EVs are poised for strong growth in India with government policies being very favourable. The official projections are for a 49% annual growth leading up to 2030. The energy sector, especially in renewables, is making big strides too. Mumbai accounts for nearly half the transactions in the sector and accounts for approximately 45% of the space transacted, whereas Delhi-NCR and Bengaluru are other big growth markets. The recent find of a large Lithium stock in India adds another dimension to the future growth in energy.
William
Forwood
Regional Managing Director APAC - Project Management – APAC
Arvind
Nandan
Managing Director - Research & Consulting - India
Lauren Roth-Brown
Associate Director, Transactional Services - Middle East
Mark
Smith
Director, Worldwide Occupier Services, Savills Australia & New Zealand
Weir Minerals
New Lease
2,453.57 sqm
The Legal Tenant
Explore APAC Deal Summary
The Legal Tenant is our hub for occupier services, offering commercial real estate articles and research from experts offering industry-leading advice and analysis specifically for law firms.
What our experts say
We have reached out to our broker community in key legal markets across APAC and consolidated here some of the more recent and/or significant transactional activity within the legal occupier space in region. Separately, we have asked our Savills experts to share their thoughts and observations on legal sector activity across workplace, project management and real estate.
*Information represented is available in the public domain/has been gathered from the market. Whilst we have made reasonable attempts to verify we do not warrant the completeness or accuracy of the information presented.
Legal Tenant:
APAC Deal Summary
Shearman Sterling
Renewal
700 sqm
Pillsbury
Renewal
600 sqm
Pillsbury
Renewal & Expansion
537 sqm
Shearman Sterling
Renewal
666 sqm
Kirkland & Ellis
Market Report
2,900 sqm
Clifford Chance
Renewal
4,000 sqm
Allen & Gledhill
Renewal
10,000 sqm
Dentons
Renewal
3,500 sqm
Withers
Renewal
2,600 sqm
Lee & Lee
Relocation
3,000 sqm
Allbright Law Office
Renew
2,300 sqm
Jin Mao Law
Relocation
2,500 sqm
Han Kun Law
Renewal & Expansion
6,000 sqm
Covington & Burling
Renew
1,200 sqm
Sloma
Renew
1,400 sqm
Singapore
Hopgood Ganim
Relocation (2025)
4,800 sqm
King & Wood Mallesons
Renewal (2022)
2,700 sqm
Gadens
Relocation (2027)
5,000 sqm
Linklaters
Relocation
+/- 600 sqm
Herbert Smith Freehills
Relocation (2023)
6,000 sqm
Minter Ellison
Relocation (2023)
2,000 sqm
Haigh Lyon
Relocation
803 sqm
Bell Gully
Relocation
3,800sqm (Downsize from 5,989sqm)
AUCKLAND
SLF Lawyers
Renewal
926 sqm
Best Hooper Lawyers
Relocation
518 sqm
The legal sector has been exposed to dramatic change over the last five years. Technology has enabled cross ...
Read More
Paul Scroggie
Regional Managing Director,
Merx a Savills Company (Hong Kong)
Read More
The future for the legal sector is not what it was 10 years ago. To stay competitive in today’s
environment ...
Simon Raper
Director,
Head of Workplace,
APAC (Singapore)
Read More
Talking with legal sector tenants with presence across APAC we see a definite and sustained trend towards a ...
Adam Evennett
Regional Director, Cross-Border Tenant Advisory, APAC (Hong Kong)
Read More
As Singapore completely opens up and rescinds the last of restrictions, legal firms are starting to
embrace ...
Ashley Swan
Executive Director, Commercial Leasing (Singapore)
Read More
Like most global markets the issue with legal firms in Australia is attracting staff back to the office on a more permanent ...
Mark Smith
National Head,
Occupier Services
(Australia)
Read More
Activity in the legal sector in Hong Kong has been relatively muted of recent times with little in the way of significant ...
Danny Broadfield
Senior Manager,
Office Leasing
(Hong Kong)
The legal sector has been exposed to dramatic change over the last five years. Technology has enabled cross border delivery, challenging the traditional structure of lawyers in-country for certain practice groups. Traditionally, the legal office has relied on private offices for partners. This costs significantly in $/Sq.ft. (increasing footprint) whilst decreasing flexibility (promotion = new private office). Covid has driven a Work from Home policy for numerous practices, bringing in to question the idea of space being provided based on seniority. However the need to attract talent defaults numerous firms to a Private Office model. Whilst some firms have embraced a new environment others have chosen to remain in traditional settings. No right answers exist. What is unquestionable however is that the requirement for concentration and focus space is as prevalent now as it was before. Added to that is the rise of remote client and staff interactions through Zoom or Teams calls and we see the creation of bespoke/dedicated spaces for this purpose. The intersection of concentration and collaboration/ teaming spaces creates competing demands which will ultimately play out towards a new model. A few firms have embraced an idea of agility, aligning space with business need, however they tend to remain on the margins. The need for significant client interface meeting and seminar space in-office has diminished. Whether this demand reintroduces itself is yet to be seen. This was a key branding component for numerous firms and the inflexibility of real estate timing is a challenge. A number of firms are looking to consolidate within their existing footprints and release space to reduce cost.
Paul Scroggie
Regional Managing Director, Merx a Savills Company (Hong Kong)
“The future for the legal sector is not what it was 10 years ago. To stay competitive in today’s environment, firms must adapt, evolve and improve.
Many Legal Sector occupiers are starting to look at using their space as a catalyst for change and growth during an unprecedented time, specifically focusing on three key areas:
DESTINATION WORKPLACES - Law practices must make the office a place where people want to be to not only bring employees back to the office, but also retain top talent. This includes allowing choices in activity-based settings, promoting collaboration and mentorship of younger lawyers and associates, embracing future-state technology solutions not available at home, and finally, providing amenities and space which encourage cross-selling.
FLEXIBILITY - It is important that law practices are encouraging individual growth and fulfillment, while also prioritising employee well-being through an inclusive and technology-focused workplace. It is also essential that practices are addressing the impact of long-term real estate lease obligations by ensuring flexibility in their lease terms.
HYBRID WORK - Hybrid work is here to stay. To retain and recruit talent, legal practices must accommodate flexibility requests while also providing settings in the office to support activities which can’t be accomplished at home, such as collaborative brainstorming. This means that practices must provide amenities and attributes which promote remote employees to come to the office at certain times.
Simon Raper
Director, Head of Workplace, APAC (Singapore)
Talking with legal sector tenants with presence across APAC we see a definite and sustained trend towards a return to office – with typical office occupancy levels across the sector reaching 70-80% of that pre-pandemic. Hybrid working models are becoming more accepted across an industry previously defined by inflexibility, long office hours and a challenging work life balance. The response from a workplace perspective has been far from uniform however. Whilst legal tenants – just like occupiers everywhere – are working through their own solutions to the complex question of how to make their workplaces most productive and introduce different spaces and working styles into the office environment, we do note that there is some divergence in approach between those firms that have centralised real estate and operations teams to drive these changes and those that have more traditional and localised partnership structures. To draw the distinction more finely, for some firms the concept of providing more open, engaging, varied and collaborative work environments has been embraced as part of a whole of business program of cultural change and perceived as very much a positive for talent attraction and retention. For others, the opposite is equally true with these firms looking to ‘double down’ on the type of cellular office designs that are most commonly identified with the sector. They have an entrenched and deeply held view that the private office is something that staff (particularly senior staff) highly value and, even in high cost real estate markets, are reluctant to move away from. Critically, these firms often have an alternative view that this traditional workplace approach is actually something that is more closely aligned with their target talent pool and is an important factor in providing continuity and vital tool in retailing key staff. Whilst there are some differing views on the workplace approach and speed with which the sector is moving towards alternative models, there is a general consensus across the board around the continuing desire for leading law firms to be located centrally in prime buildings, clustered together with their peers and key clients with all of the surrounding amenity and alignment with brand image that this brings.
Adam Evennett
Regional Director, Cross-Border Tenant Advisory, APAC (Hong Kong)
As Singapore completely opens up and rescinds the last of restrictions, legal firms are starting to embrace a more open way of working, but are grappling with how to attract staff back to the office. Having invested heavily in technology due to the pandemic, the added mobility has resulted in office usage hovering around 50-60%. Most of the firms we are working with are in the process of evaluating their office space needs, not only in terms of desk space, but other uses such as collaboration space and storage.
Ashley Swan
Executive Director, Commercial Leasing (Singapore)
Like most global markets the issue with legal firms in Australia is attracting staff back to the office on a more permanent basis. We have not seen any trends relating to downsizing so the legal sector continue to lease the same sort of footprint it is just occupancy of staff that is down. A significant number of firms committed to new space prior to, or just at the beginning of the pandemic so are locked into longer term leases.
Mark Smith
National Head, Occupier Services (Australia)
Activity in the legal sector in Hong Kong has been relatively muted of recent times with little in the way of significant moves and deal activity. Most of the larger firms appear to be well placed for the moment sitting on long term lease commitments. Anecdotally we know that whilst many firms are looking critically at their experience during Covid with working from home and flexible arrangements and looking at how this would work into their future accommodation and HR plans, a clear preference for dedicated desk space and private office layouts still predominates in Hong Kong. The dynamics of the broader Hong Kong commercial leasing market defined as it is by forecast falling rents and increasing supply over the next several years – including in the Central district which remains the preferred location for law firms – might mean that we see some firms looking to take advantage of the favourable/ tenant friendly market conditions.“
Danny Broadfield
Senior Manager, Office Leasing (Hong Kong)
What our experts say
As Singapore completely opens up and rescinds the last of restrictions, legal firms are starting to embrace a more open way of working, but are grappling with how to attract staff back to the office. Having invested heavily in technology due to the pandemic, the added mobility has resulted in office usage hovering around 50-60%. Most of the firms we are working with are in the process of evaluating their office space needs, not only in terms of desk space, but other uses such as collaboration space and storage.
Ashley
Swan
Executive Director, Commercial Leasing (Singapore)
Adam Evennett
Regional Director, Cross-Border Tenant Advisory, APAC
(Hong Kong)
Mark
Smith
National Head,
Occupier Services
(Australia)
Paul Scroggie
Regional Managing Director,
Merx a Savills Company
(Hong Kong)
Simon
Raper
Director,
Head of Workplace,
APAC (Singapore)
Danny Broadfield
Senior Manager,
Office Leasing
(Hong Kong)
Talking with legal sector tenants with presence across APAC we see a definite and sustained trend towards a return to office – with typical office occupancy levels across the sector reaching 70-80% of that pre-pandemic. Hybrid working models are becoming more accepted across an industry previously defined by inflexibility, long office hours and a challenging work life balance. The response from a workplace perspective has been far from uniform however. Whilst legal tenants – just like occupiers everywhere – are working through their own solutions to the complex question of how to make their workplaces most productive and introduce different spaces and working styles into the office environment, we do note that there is some divergence in approach between those firms that have centralised real estate and operations teams to drive these changes and those that have more traditional and localised partnership structures. To draw the distinction more finely, for some firms the concept of providing more open, engaging, varied and collaborative work environments has been embraced as part of a whole of business program of cultural change and perceived as very much a positive for talent attraction and retention. For others, the opposite is equally true with these firms looking to ‘double down’ on the type of cellular office designs that are most commonly identified with the sector. They have an entrenched and deeply held view that the private office is something that staff (particularly senior staff) highly value and, even in high cost real estate markets, are reluctant to move away from. Critically, these firms often have an alternative view that this traditional workplace approach is actually something that is more closely aligned with their target talent pool and is an important factor in providing continuity and vital tool in retailing key staff. Whilst there are some differing views on the workplace approach and speed with which the sector is moving towards alternative models, there is a general consensus across the board around the continuing desire for leading law firms to be located centrally in prime buildings, clustered together with their peers and key clients with all of the surrounding amenity and alignment with brand image that this brings.
Adam Evennett
Regional Director, Cross-Border Tenant Advisory, APAC
(Hong Kong)
Ashley
Swan
Executive Director, Commercial Leasing (Singapore)
Mark
Smith
National Head,
Occupier Services
(Australia)
Paul Scroggie
Regional Managing Director,
Merx a Savills Company
(Hong Kong)
Simon
Raper
Director,
Head of Workplace,
APAC (Singapore)
Danny Broadfield
Senior Manager,
Office Leasing
(Hong Kong)
Like most global markets the issue with legal firms in Australia is attracting staff back to the office on a more permanent basis. We have not seen any trends relating to downsizing so the legal sector continue to lease the same sort of footprint it is just occupancy of staff that is down. A significant number of firms committed to new space prior to, or just at the beginning of the pandemic so are locked into longer term leases.
Mark
Smith
National Head,
Occupier Services
(Australia)
Ashley
Swan
Executive Director, Commercial Leasing (Singapore)
Adam Evennett
Regional Director, Cross-Border Tenant Advisory, APAC
(Hong Kong)
Paul Scroggie
Regional Managing Director,
Merx a Savills Company
(Hong Kong)
Simon
Raper
Director,
Head of Workplace,
APAC (Singapore)
Danny Broadfield
Senior Manager,
Office Leasing
(Hong Kong)
The legal sector has been exposed to dramatic change over the last five years. Technology has enabled cross border delivery, challenging the traditional structure of lawyers in-country for certain practice groups. Traditionally, the legal office has relied on private offices for partners. This costs significantly in $/Sq.ft. (increasing footprint) whilst decreasing flexibility (promotion = new private office). Covid has driven a Work from Home policy for numerous practices, bringing in to question the idea of space being provided based on seniority. However the need to attract talent defaults numerous firms to a Private Office model. Whilst some firms have embraced a new environment others have chosen to remain in traditional settings. No right answers exist. What is unquestionable however is that the requirement for concentration and focus space is as prevalent now as it was before. Added to that is the rise of remote client and staff interactions through Zoom or Teams calls and we see the creation of bespoke/dedicated spaces for this purpose. The intersection of concentration and collaboration/ teaming spaces creates competing demands which will ultimately play out towards a new model. A few firms have embraced an idea of agility, aligning space with business need, however they tend to remain on the margins. The need for significant client interface meeting and seminar space in-office has diminished. Whether this demand reintroduces itself is yet to be seen. This was a key branding component for numerous firms and the inflexibility of real estate timing is a challenge. A number of firms are looking to consolidate within their existing footprints and release space to reduce cost.
Paul
Scroggie
Regional Managing Director, Merx a Savills Company
(Hong Kong)
Ashley
Swan
Executive Director, Commercial Leasing (Singapore)
Adam Evennett
Regional Director, Cross-Border Tenant Advisory, APAC
(Hong Kong)
Mark
Smith
National Head,
Occupier Services
(Australia)
Simon
Raper
Director,
Head of Workplace,
APAC (Singapore)
Danny Broadfield
Senior Manager,
Office Leasing
(Hong Kong)
The future for the legal sector is not what it was 10 years ago. To stay competitive in today’s environment, firms must adapt, evolve and improve.
Many Legal Sector occupiers are starting to look at using their space as a catalyst for change and growth during an unprecedented time, specifically focusing on three key areas:
DESTINATION WORKPLACES - Law practices must make the office a place where people want to be to not only bring employees back to the office, but also retain top talent. This includes allowing choices in activity-based settings, promoting collaboration and mentorship of younger lawyers and associates, embracing future-state technology solutions not available at home, and finally, providing amenities and space which encourage cross-selling.
FLEXIBILITY - It is important that law practices are encouraging individual growth and fulfillment, while also prioritising employee well-being through an inclusive and technology-focused workplace. It is also essential that practices are addressing the impact of long-term real estate lease obligations by ensuring flexibility in their lease terms.
HYBRID WORK - Hybrid work is here to stay. To retain and recruit talent, legal practices must accommodate flexibility requests while also providing settings in the office to support activities which can’t be accomplished at home, such as collaborative brainstorming. This means that practices must provide amenities and attributes which promote remote employees to come to the office at certain times.
Simon
Raper
Director,
Head of Workplace,
APAC (Singapore)
Ashley
Swan
Executive Director, Commercial Leasing (Singapore)
Adam Evennett
Regional Director, Cross-Border Tenant Advisory, APAC
(Hong Kong)
Mark
Smith
National Head,
Occupier Services
(Australia)
Paul Scroggie
Regional Managing Director,
Merx a Savills Company
(Hong Kong)
Danny Broadfield
Senior Manager,
Office Leasing
(Hong Kong)
Activity in the legal sector in Hong Kong has been relatively muted of recent times with little in the way of significant moves and deal activity. Most of the larger firms appear to be well placed for the moment sitting on long term lease commitments. Anecdotally we know that whilst many firms are looking critically at their experience during Covid with working from home and flexible arrangements and looking at how this would work into their future accommodation and HR plans, a clear preference for dedicated desk space and private office layouts still predominates in Hong Kong. The dynamics of the broader Hong Kong commercial leasing market defined as it is by forecast falling rents and increasing supply over the next several years – including in the Central district which remains the preferred location for law firms – might mean that we see some firms looking to take advantage of the favourable/ tenant friendly market conditions.
Danny Broadfield
Senior Manager,
Office Leasing
(Hong Kong)
Ashley
Swan
Executive Director, Commercial Leasing (Singapore)
Adam Evennett
Regional Director, Cross-Border Tenant Advisory, APAC
(Hong Kong)
Mark
Smith
National Head,
Occupier Services
(Australia)
Paul Scroggie
Regional Managing Director,
Merx a Savills Company
(Hong Kong)
Simon
Raper
Director,
Head of Workplace,
APAC (Singapore)
We have reached out to our broker community in key legal markets across APAC and consolidated here some of the more recent and/or significant transactional activity within the legal occupier space in region. Separately, we have asked our Savills experts to share their thoughts and observations on legal sector activity across workplace, project management and real estate.
*Information represented is available in the public domain/has been gathered from the market. Whilst we have made reasonable attempts to verify we do not warrant the completeness or accuracy of the information presented.
Legal Tenant:
APAC Deal Summary
CHINA
Shearman Sterling
Renewal
700 sqm
Pillsbury
Renewal
600 sqm
Pillsbury
Renewal & Expansion
537 sqm
Shearman Sterling
Renewal
666 sqm
Kirkland & Ellis
Market Report
2,900 sqm
Beijing
china
East & Concord Partners
Market Entry
1,658 sqm
Beijing DHH Law Firm
Relocation
5,000 sqm
Zhonghe Law Firm
Relocation
1,898 sqm
Allbright Law Office
Relocation
1,200 sqm
GFE Law Firm
Renewal
1,200 sqm
Guangzho
Hong Kong
White & Case
Relocation
2,600 sqm
O Melveny
Renewal
200 sqm
Pillsbury
Renewal
200 sqm
Hong Kong
china
Allbright Law Office
Renew
2,300 sqm
Jin Mao Law
Relocation
2,500 sqm
Han Kun Law
Renewal & Expansion
6,000 sqm
Covington & Burling
Renew
1,200 sqm
Sloma
Renew
1,400 sqm
Shanghai
Philippines
White & Case
Relocation
+/- 10,000 sqm
Manila
Singapore
Clifford Chance
Renewal
4,000 sqm
Allen & Gledhill
Renewal
10,000 sqm
Dentons
Renewal
3,500 sqm
Withers
Renewal
2,600 sqm
Lee & Lee
Relocation
3,000 sqm
Singapore
Indonesia
Linklaters
Relocation
+/- 600 sqm
jakarta
Australia
Herbert Smith Freehills
Relocation (2023)
6,000 sqm
Minter Ellison
Relocation (2023)
2,000 sqm
PERTH
Australia
Hopgood Ganim
Relocation (2025)
4,800 sqm
King & Wood Mallesons
Renewal (2022)
2,700 sqm
Gadens
Relocation (2027)
5,000 sqm
Brisbane
New Zealand
Haigh Lyon
Relocation
803 sqm
Bell Gully
Relocation
3,800sqm (Downsize from 5,989sqm)
AUCKLAND
Australia
Allen & Overy
Renewal
3,000 sqm
Clifford Chance
Relocation
2,500 sqm
Corrs
Relocation (2023)
10,000 sqm
White & Case
Expansion (2023)
2,079 sqm
SYdney
Australia
SLF Lawyers
Renewal
926 sqm
Best Hopper Lawyers
Relocation
518 sqm
Melbourne
Shanghai
Beijing
jakarta
Brisbane
perth
Melbourne
H2/2022
White & Case
Relocation
+/- 10,000 sqm
Manila
East & Concord Partners
Market Entry
1,658 sqm
Beijing DHH Law Firm
Relocation
5,000 sqm
Zhonghe Law Firm
Relocation
1,898 sqm
Allbright Law Office
Relocation
1,200 sqm
GFE Law Firm
Renewal
1,200 sqm
Guangzho
White & Case
Relocation
2,600 sqm
O Melveny
Renewal
200 sqm
Pillsbury
Renewal
200 sqm
Hong Kong
Allen & Overy
Renewal
3,000 sqm
Clifford Chance
Relocation
2,500 sqm
Corrs
Relocation (2023)
10,000 sqm
White & Case
Expansion (2023)
2,079 sqm
sydney