Insurer FWD Expands Hong Kong HQ in Biggest Office Lease of 2025

Richard Li’s FWD Group has signed a 10-year lease with Swire Properties to expand its Hong Kong headquarters in the city’s largest office rental deal of the year. The FWD Hong Kong HQ lease will see the insurer consolidate operations with 330,000 sq ft across 12 floors at Taikoo Place. Devon House will be renamed FWD Tower in 2026. The expansion underscores FWD’s commitment to Hong Kong as a global financial hub, even as office rents slipped 2.5% in the first half of 2025. Financial and investment firms including Jane Street and ExodusPoint have also upgraded space in the softer market. Swire’s Hong Kong office portfolio spans 1.5 million sq m, including Pacific Place and Cityplaza.