Sun Hung Kai Properties
Sun Hung Kai Properties is one of Hong Kong’s largest property groups, with revenue of HK$68.4 billion in the 2011-2012 financial year, and profit attributable to shareholders of HK$43.08 billion. The company has been shaken in recent years by disputes between family members, with chairman and chief executive Walter Kwok being forced to step down in a dispute with his brothers Thomas and Raymond. In March, the Independent Commission Against Corruption (ICAC) arrested senior officials as part of a corruption probe that also included former chief secretary Rafael Hui.
Space lease hits 90pc for SHKP project
Sun Hung Kai Properties (SHKP) has leased out about 90 per cent of the 480,000-square-foot office complex Grand Century Place in Mongkok.
Gross rents have been adjusted to $25 a square foot from just below $20.
Insurer Top Glory International Holdings is the biggest tenant, taking up five floors, or 103,000 square feet, of the twin-tower office development above the Kowloon-Canton Railway station.
Other tenants which leased more than 20,000 sq ft include CTI (47,000 sq ft), Jardine Fleming (44,000 sq ft), Toshiba (43,000 sq ft), Johnson & Johnson (27,000 sq ft), Asian Sources (22,000 sq ft) and W.L. Gore (21,000 sq ft).