Henderson Land Development
Henderson Land Development Co. Ltd. (HK stock code 0012) is a Hong Kong-based property company and constituent of the benchmark Hang Seng Index. Henderson Land focuses on property development and investment, project management, construction, hotel operation, department store operation, finance, investment holding and infrastructure.
Henderson prepares appeal
Henderson Land Development chairman Lee Shau-kee is expected to lodge an appeal soon with the Town Planning Board against a refusal to approve a residential redevelopment on part of his privately owned Union Hospital site in Sha Tin.
Sources said Mr Lee had approached government departments recently to lobby for support to revive his residential proposal, which is opposed by neighbouring residents.
The project involves building two 29-storey residential blocks with 220 units and 398 car-parking spaces on the open-space portion of the 184,713 square foot site.
Mr Lee originally received Town Planning Board approval for the proposal.
This was overturned following strong objections from neighbouring residents. Some expressed concern about the increased development density and heavy traffic it might bring to the area.
Many residents of neighbouring housing project Parc Royale said that the proposed towers would block the views of their units.
Other opponents said Mr Lee's project would result in a loss of open space, which was against the planning intention.
The Town Planning Board accepted the objections late last year and decided to keep the site for use as a hospital.
Mr Lee is expected to lodge an appeal to the board within two weeks.
The developer has spent more than three years trying to push ahead with a residential redevelopment plan on the site.
If his appeal succeeds, a premium is payable for conversion of the site from community and open space to residential use.
Mr Lee bought the land about 10 years ago and tried to turn it into a residential development without success. He then built the Union Hospital.