Hongkong Land announces a US$1 billion Central transformation
The initiative redevelops historic properties into future-ready commercial spaces while preserving the firm’s architectural legacy and driving urban growth.
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Property investment and development company
hkland.comLast updated
In short: Hongkong Land launched a $1 billion transformation in Central and expanded its regional footprint through a new Singapore private fund.
The initiative redevelops historic properties into future-ready commercial spaces while preserving the firm’s architectural legacy and driving urban growth.
The S$1.1 billion deal is the fund's first since February and will lift its assets under management to S$9.4 billion.
The results mark a pivotal step in the Strategic Vision 2035, with progress across capital recycling and key business milestones.
EPS rose 14% to US¢12.07, and the company launched its SCPREF fund, with net debt reduced to 11% gearing.
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Hongkong Land, one of Asia's largest commercial property owners, will acquire Singapore’s Wheelock Place, a mix-used property, for about SGD1.1 billion (US$900 million).
Hongkong Land has wasted little time putting its newest investment vehicle to work, agreeing to acquire the landmark Wheelock Place on Singapore...
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