Wheelock mulls launching of reit

PUBLISHED : Tuesday, 16 August, 2005, 12:00am
UPDATED : Tuesday, 16 August, 2005, 12:00am

Wheelock and Co chairman Peter Woo Kwong-ching says the company will consider launching a real estate investment trust.

Before making the decision, Mr Woo said the company would decide which assets would be suitable for the portfolio.

After the company's annual general meeting yesterday, Mr Woo also commented on a renewed call by some small developers for a restart of regular land auctions, saying that it was the right time for the government to consider such proposals.