Wharf REIC | |||||||||||||
Type | Listed | ||||||||||||
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ISIN | KYG9593A1040 | ||||||||||||
Industry |
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Founded | 2017 | ||||||||||||
Founder | The Wharf (Holdings) | ||||||||||||
Headquarters |
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Area served |
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Key people | Stephen Ng (Chairman & Managing Director) | ||||||||||||
Products | Commercial rental floor | ||||||||||||
Services | intra-city ferry service | ||||||||||||
Revenue | HK$ 16,043 million (2019) | ||||||||||||
HK$ 3,928 million (2019) | |||||||||||||
Total assets | HK$284,341 million (2019) | ||||||||||||
Total equity | HK$216,164 million (2019) | ||||||||||||
Owner | Wheelock & Co. (66.01%) [1] : 85 | ||||||||||||
Parent | Wheelock & Co. | ||||||||||||
Subsidiaries |
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Chinese name | |||||||||||||
Traditional Chinese | 九龍倉置業地產投資有限公司 | ||||||||||||
Simplified Chinese | 九龙仓置业地产投资有限公司 | ||||||||||||
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short name | |||||||||||||
Traditional Chinese | 九龍倉置業 | ||||||||||||
Simplified Chinese | 九龙仓置业 | ||||||||||||
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Website | www | ||||||||||||
Footnotes /references source [1] |
Wharf Real Estate Investment Company Limited (Wharf REIC) is a listed real estate portfolio company. It is a subsidiary of private company Wheelock &Co. (formerly listed),as well as a sister company of fellow listed company The Wharf (Holdings).
Wharf REIC owned a few shopping centres and commercial buildings in Hong Kong (via Wharf Estates Limited and other subsidiaries such as listed company Harbour Centre Development) and in Singapore (via Wharf Estates Singapore and subsidiaries),namely:Harbour City complex,Times Square,Wheelock House,Crawford House,The Murray,Plaza Hollywood,Wheelock Place,Scotts Square etc.
Wharf Real Estate Investment Company Limited (Wharf REIC) was formed as a spin-off of The Wharf (Holdings) in 2017. [2] Before the spin off,in 2016,The Wharf also acquired Wheelock House from the parent company Wheelock &Co. and the chairman Peter Woo, [3] which the assets were later injected into the REIC.
In February 2018,Wharf REIC replaced The Wharf (Holdings) as the component of the blue chip index Hang Seng Index. [4]
In December 2019,Wharf REIC acquired Wheelock Place and Scotts Square and the company Wheelock Properties (Singapore) from Wheelock &Co. [5]
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New World Development Company Limited (NWD),is a Hong Kong-based company focused on property,hotels,infrastructure and services and department stores. It was established on 29 May 1970 by Cheng Yu-tung. The company is publicly listed on the Stock Exchange of Hong Kong Limited since 23 November 1972 and is a constituent stock of Hong Kong Hang Seng Index.
Sun Hung Kai Properties Limited is a listed corporation and the largest property developer in Hong Kong as of 2019. The company is controlled by the Kwok family trust,largely the Kwok brothers. The Kwok family trust was set up by Kwok Tak-seng,who co-founded the company.
Peter Woo Kwong-ching,GBM,GBS,JP is a Hong Kong billionaire businessman. He was the chairman of Wheelock and Company Limited and The Wharf Holdings Limited until 19 May 2015. As of April 2021,his net worth is estimated to be $14 billion.
The Cross-Harbour (Holdings) Limited (CHHL),formerly the Cross-Harbour Tunnel Company,is a Hong Kong investment holding company with emphasis on transport infrastructures.
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The Wharf (Holdings) Limited,or Wharf (九倉) in short,is a company founded in 1886 in Hong Kong. As its name suggests,the company's original business was in running wharfage and dockside warehousing,and it was originally known as The Hong Kong and Kowloon Wharf and Godown Company,Limited and founded by Sir Paul Chater. The company adopted its current name in 1986. The current major holder of the company is Wheelock &Co.
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China Overseas Land and Investment Limited (COLI),known as China Overseas,is a Hong Kong-based and incorporated real estate conglomerate. It is an indirect subsidiary of China State Construction Engineering Corporation Limited.
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Wheelock and Company Limited is a Hong Kong-based financial real estate company. It was listed as #1249 on the Forbes 2000 list.
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Poly Property Group Co.,Ltd.,is a Hong Kong incorporated Chinese property developer,with its major businesses include property development,investment and management. It mainly develops mid to high-end residential and commercial properties in the cities along Yangtze River Delta and Pearl River Delta as well as the second-tier provincial capitals.
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Liu Chong Hing Investment Limited SEHK: 194 is a Hong Kong incorporated-listed company founded in 1970. Its main business was originally on residential and commercial property developments in Hong Kong and China.