The Lippo Centre is a landmark development located in the heart of Admiralty comprising approximately 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. 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 the 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. File:HK Lippo Centre Front View.jpg|Lippo Centre front view in June 2008 File:HK Lippo Centre Interior.jpg|Lippo Centre lobby in June 2008 ==Architecture==