Projects

WING LUNG BANK TO MOVE ITS US HEADQUARTERS TO NEWPORT BEACH’S FASHION ISLAND

Newport Beach, CA, Tuesday, September 08, 2015–In one of its most prestigious transactions to date, NAI Capital represented Wing Lung Bank on their negotiations for a 10-year lease with The Irvine Company at 520 Newport Center Dr, in Newport Beach, Calif.

Tom Nguyen and Nelson Chau, advised Wing Lung Bank Limited on the 17,630 square foot lease of the entire 16th floor. Wing Lung Bank Limited, has been operating one of the oldest local banks in Hong Kong for over 80 years and , China is a wholly owned subsidiary of China Merchants Bank, the 6th largest commercial bank by total assets in China. It is currently among the top 100 50 banks in the world.

520 Newport Center Drive is the Irvine Company’s newest and most prestigious office building that features panoramic views of the Pacific Ocean, Fashion Island Mall and green rolling hills. The 21-story tower total 326,065 square feet, fashioned in Italian Travertine and lined by palm trees make it the ideal surroundings for a cooperate headquarters.
Wing Lung Bank Limited is moving its US Headquarters from its current location in Alhambra, California. It will be the first Chinese run bank to enter the Newport Center area
Nguyen said,” Wing Lung Bank is a world-class institution catering to the top echelon of companies and clientele from Asia. They needed a corporate headquarters to match. The 16th floor of 520 Newport features sweeping views of the Pacific Ocean on one side and Fashion Island and rolling green hills on the other. It does not get much better than this anywhere. Nelson Chau and I are proud to have represented WLB in securing this top of the market space.”
Irvine Company’s Quote: “We would like to welcome Wing Lung to Newport Center, and are pleased they have chosen 520 Newport Center as their regional headquarters. Wing Lung’s decision to lease here is validation of Newport Center’s appeal as a prestigious destination for top businesses from around the globe. We are confident that Wing Lung’s employees and customers will enjoy an inspiring lifestyle experience unlike anything else in the marketplace.”