This piece of land of size 724 square metres was originally the property of Russell & Company.
On August 15 1881, the Great Northern Telegraph Company rented the original building on the site.
However, a large fire in October 1905 atop the offices under construction and took over two hours to extinguish.
The building housed some state-of-the art equipment at the time of its completion, including a pneumatic tube system to handle the telegrams and a lift made by Smith & Stevens of London.
The Great Northern Telegraph Company occupied the ground floor until 1921, when it moved to its newly completed building at 4 Avenue Edward VII (currently 34 East Yan'an Road), behind the Asia Building.