Hysan courts fintech office portfolio as ZA Bank commits to new Causeway Bay headquarters

Digital bank ZA Bank is taking 45,000 square feet (4,181 square metres) across four upper floors at Hysan Development’s Lee Garden Eight for its new headquarters, adding to a wave of financial and technology companies reshaping Causeway Bay’s commercial landscape.The move comes as landlords across the district grapple with a changing property market marked by excess office space. The bank is scheduled to move into Tower 3 in 2027, coinciding with Hysan and partner Chinachem Group completing the delivery of about 1.1 million square feet of commercial space to the district in the fourth quarter of this year.The leasing push comes as Causeway Bay and Wan Chai continue to absorb office supply, with demand recovering more slowly than in Central. Grade A office vacancy in the two districts stood at 9.8 per cent in August, according to property consultancy JLL.