Lippo Centre 3.65

Lippo Centre, previously known as the Bond Centre, is a twin-tower skyscraper complex completed in 1988 at 89 Queensway, in Admiralty on Hong Kong Island in Hong Kong, China. Tower I is 172m with 44 storeys, and Tower II is 186m with 48 storeys.HistoryThe Lippo Centre is a landmark development located in the heart of Admiralty comprising approximately 1.3 million sq.ft. in two office towers with a retail podium element situated on the ground floors and a small basement car park.On completion in late 1987 Savills Investment Management began managing the Lippo Centre. Since 1988 the landmark has been riddled with spectacular corporate collapses in its ownership. Relatives of the Singapore-based Kwee Liong Tek family had a majority consortium interest in the construction from its conception, later selling their majority interest half-way through construction to British-born Australian business tycoon Alan Bond, who went bankrupt four years later with the collapse of Bond Corporation. It has had several corporate ownership failures since and was eventually taken over by Peregrine Investments Holdings who also faced financial collapse, and the Indonesian-backed Lippo Group who are the largest single owner of the building. Local feng shui consultants have suggested the building has bad feng-shui based on the C-shaped glass-walled extrusions (often referred to locally as resembling koalas clinging to a tree), although Peregrine's own feng-shui consultant gave the towers a clean bill of health.