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

PUBLISHED : Tuesday, 25 March, 1997, 12:00am
UPDATED : Tuesday, 25 March, 1997, 12:00am

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).



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