Hongkong Land reports strong financial momentum
The company recycled US$3.6 billion in capital, reduced net debt by 30%, and increased dividends by 9% despite an 8% drop in underlying profit.
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Property investment and development company
hkland.comLast updated
In short: Hongkong Land quantified Westbund’s climate-resilience benefits and agreed a S$1.1 billion Wheelock Place fund deal.
The company recycled US$3.6 billion in capital, reduced net debt by 30%, and increased dividends by 9% despite an 8% drop in underlying profit.
The initiative redevelops historic properties into future-ready commercial spaces while preserving the firm’s architectural legacy and driving urban growth.
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.
Hongkong Land Holdings Ltd. is in discussions with Ong Beng Seng's Hotel Properties Ltd. to buy a majority stake in three buildings in Singapore's Orchard...
Hongkong Land, one of Asia's largest commercial property owners, will acquire Singapore’s Wheelock Place, a mix-used property ...
Hongkong Land has wasted little time putting its newest investment vehicle to work, agreeing to acquire the landmark Wheelock Place on Singapore...
Hongkong Land Holdings announced Thursday that its Singapore fund, the Singapore Central Private Real Estate Fund, would acquire the Wheelock Place real estate complex...
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