Company type | public (SEHK: 2778) |
---|---|
Industry | Property |
Founded | 2006-4-26 |
Headquarters | Hong Kong |
Key people | Lo Ka-shui, Chairman |
Revenue | HKD 1613.8 million (2008) |
HKD 1334.2 million (2008) | |
HKD -2876.5 million (2008) | |
Number of employees | none |
Website | www.championreit.com |
Champion REIT is a Hong Kong real estate investment trust that owns office and commercial properties, primarily in Asia.
Champion REIT was spun off from its sponsor Great Eagle Holdings, and listed on 24 May 2006 on the Hong Kong Stock Exchange. Its principal asset at the time was its stake in Citibank Plaza. Eagle Asset Management (CP) Limited, a subsidiary of the Great Eagle Holdings, is the REIT manager; HSBC Institutional Trust Services (Asia) Limited is the trustee. Following its acquisition of Langham Place, its portfolio has been increased in size to approximately 2,200,000 sq ft (200,000 m2). of office space and 650,000 sq ft (60,000 m2). of retail space in Hong Kong
Champion REIT owns 95.7% stake in Citibank Plaza, a modern glass and steel office complex that comprises Citibank Tower, a 47-storey building, and ICBC Tower, a 37-storey building, and includes a retail podium as well as a parking garage for 555 vehicles. The portion of Citibank Plaza controlled by Champion REIT has a total floor area of 1,559,278 square feet (144,862 m2), comprising 1,501,557 square feet (139,499 m2) of office space and 57,721 square feet (5,362 m2) of retail space. Most of the stake was purchased by the REIT for HK$18.7 billion at the time of its initial public offering. [1] An additional three floors within the complex were purchased by Champion REIT subsequently from Kerry Properties.
On 3 June 2008, Champion REIT acquired from Great Eagle Holdings the non-hotel components of Langham Place in Mong Kok, Hong Kong, for HK$12.5 billion. The acquisition included 702,900 square feet (65,300 m²) of office space within the 59-storey Langham Place Office Tower and the entire Langham Place Mall which has 589,800 square feet (54,792 m²) of retail space and 250 parking spaces in the basement of the project. The Langham Place project was completed in July 2004. . The consideration valued the retail portion at HK$12,519 per square foot and about HK$6,815 for the office portion, an 11.8% discount to the appraised value. [2]
The International Finance Centre is a skyscraper and integrated commercial development on the waterfront of Hong Kong's Central District.
Sandton City is a large shopping centre situated in Sandton, Johannesburg, South Africa. It was built and owned by property development company Rapp and Maister, in partnership with brothers Hilliard and Eli Leibowitz, and was later taken over by Liberty Life.
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Hongkong Land (HKL) is a property investment, management and development group with commercial and residential property interests across Asia. It owns and manages some 850,000 sq. m. of office and retail property in Asia, principally in Hong Kong and Singapore. Its Hong Kong portfolio represents some 450,000 sq. m. of commercial property, making it the single largest landlord in Central, Hong Kong. In Singapore it has 165,000 sq. m. of office space mainly held through joint ventures. While its subsidiary MCL Land is a residential developer. Hongkong Land also has a 50 per cent interest in World Trade Center Jakarta, an office complex in Central Jakarta that it shares with the Murdaya family 's Central Cipta Murdaya Group and a number of residential and mixed-use projects under development in cities across Greater China and Southeast Asia - including WF CENTRAL, a luxury retail centre in Wangfujing, Beijing.
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Times Square is a luxury shopping centre and office tower complex in Causeway Bay, Hong Kong. The complex, owned by Wharf Properties, part of The Wharf (Holdings) Limited group, opened on 13 April 1994.
Langham Place is a commercial complex and shopping centre in Mong Kok, Kowloon, Hong Kong. The official opening was on 25 January 2005. The complex occupies two blocks defined by Argyle Street, Portland Street, Shantung Street and Reclamation Street. Shanghai Street separates the two portions of the complex, which are connected via two overhead walkways. A hotel is on one side of the development while the commercial elements are located on the other side.
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Plaza West Covina is a large regional shopping mall in West Covina, California, owned by the Starwood Capital Group. Its anchor stores are Macy's, JCPenney, XXI Forever, Nordstrom Rack, Best Buy, and Gold's Gym with one vacant space last occupied by Sears. Westfield America, Inc., a precursor to Westfield Group, acquired the shopping center in 1998 and renamed it "Westfield Shoppingtown West Covina", dropping the "Shoppingtown" name in June 2005. In October 2013, the Westfield Group sold the mall to Starwood Capital Group and the mall is now managed by Pacific Retail Capital Partners.
Regal Hotels International (RHI) is one of the largest hotel groups in Hong Kong. Regal Hotels International Holdings Limited is a company incorporated in Bermuda and listed on the Hong Kong Stock Exchange.
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One South at The Plaza is a 503 feet (153 m), 40-story skyscraper in Charlotte, North Carolina. It is the 7th tallest in the city. It contains 891,000 square feet (82,777 m2) of rentable area of which 75,000 sq ft (7,000 m2) of retail space, and the rest office space. On the ground floor is the Overstreet Mall, which connects to neighboring buildings via skybridges; located below-grade is the parking garage with space for 456 vehicles and leases a nearby five-level garage, providing 730 additional parking spaces.
Great Eagle Holdings Limited is a Hong Kong real estate company listed on the Hong Kong Stock Exchange. Through its subsidiaries, the company engages in property investment and owns and operates various hotels. Its head office is located at the Great Eagle Centre, Harbour Road, Wanchai, Hong Kong.
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Swire Properties Limited is a property developer, owner and operator of mixed-use, principally commercial properties in Hong Kong and Mainland China. Founded and headquartered in Hong Kong in 1972, Swire Properties is a property developer in Hong Kong, and is listed on the Stock Exchange of Hong Kong. Including subsidiaries, it employs around 4,500 people. The company is, in turn, a subsidiary of the publicly-listed Swire Pacific Limited.
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Langham Square is a 500,000-square-foot (46,000 m2) Asian-themed shopping, office and residential complex in Markham, Ontario, Canada. It is located at the intersection of Kennedy Road and South Unionville Avenue, which is north of the 407 ETR and east of Downtown Markham. Its Chinese name “朗豪坊” echoes Langham Place, a shopping and office complex located in Mong Kok, Hong Kong.