International investment firm Ares Management is doubling its office space at Gloucester Tower, a Grade A office building in Hong Kong. In a Jan 12 press release, building owner Hongkong Land says Ares Management will be adding 12,500 sq ft to its existing footprint at the tower, where it has been a tenant since 2017. The firm’s new lease will take effect from March.

Completed in 1980, Gloucester Tower is a 48-storey building located in Hong Kong’s Central business district. It offers premium office spaces and is connected to the Landmark Atrium retail mall and other major buildings via a pedestrian bridge network.

Gloucester Tower is one of the 12 interconnected prime commercial buildings within Hongkong Land’s Central portfolio, which spans over 4.8 million sq ft. Nearly half of its tenants are banks and financial services.

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Neil Anderson, director and head of office, Hong Kong, commercial property, at Hongkong Land, says: “We are delighted that Ares has chosen to expand in Hongkong Land’s Central portfolio, underscoring our position as the location of choice for financial services.”