Hongkong Land

Hongkong Land posts 22.7pc fall in earnings

Central's biggest landlord cites strong rental market for underlying profit

Friday, 28 July, 2006, 12:00am

HK Land Quarry Bay tower for sale again

Hongkong Land Holdings is to put its grade A office building at 1063 King's Road, Quarry Bay, for sale through tender - its third attempt to dispose of the property since last year.

Surveyors said given that supply of grade A office space was limited, the building would be welcomed by investment funds.

14 Jun 2006 - 12:00am

Escape the rat race and run for charity

Feel like you're caught in a trap at the office?

Well, fear not, the city's first 'rat race', to be held in October, will allow all 'office vermin' to scamper together in the streets of Central - in suits and ties.

The rat race, first held on New York's Wall Street in 1987, involved teams of office workers in business suits and carrying brief cases.

24 Apr 2006 - 12:00am

Australian fund closes in on King's Road tower

Australian investment fund Allco has emerged as the front runner to buy Hongkong Land Holdings' grade A office building at 1063 King's Road in Quarry Bay, according to sources.

It is understood the investment fund and the developer reached a preliminary agreement last Friday.

7 Mar 2006 - 12:00am

Hongkong Land tempers expectations

Central giant looks to growth in office rentals but says lack of residential completions may be a setback

Hongkong Land Holdings said a lack of residential completions might hold back its results this year, although an era of falling office income was over as leases signed during the downturn in 2003 expired and higher rentals kicked in.

24 Feb 2006 - 12:00am

HK Land expects revenues to recover gradually

Hongkong Land Holdings says the city's surging rents may not give earnings a significant boost this year, as the leases it signed during the market slump in 2003 will still drag on rental income growth.

The statement from Central's biggest landlord followed yesterday's posting of a marginal growth in first-half earnings.

27 Jul 2005 - 12:00am

Office rents soar amid the changing Central landscape

Hongkong Land, Central's biggest landlord, said rents in its offices increased more than 20 per cent year on year in the first quarter.

20 Apr 2005 - 12:00am

Home sales lift Hongkong Land profit

Rare gains from residential projects offset low rents to help deliver first-half rise

A rare residential development profit helped Hongkong Land Holdings turn in a 24 per cent rise in underlying earnings to US$104 million for the first half of this year.

4 Aug 2004 - 12:00am

HK Land eurobond to raise US$300m

Hongkong Land Holdings, the biggest landlord in Central, will launch a US$300 million 10-year eurobond to refinance and extend the maturity of the group's debt.

The money raised is also for other general corporate purposes.

The offering will start after the completion of a roadshow, which will begin in Hong Kong next week, according to the company.

17 Apr 2004 - 12:00am

S&P bullish on property stocks

Standard & Poor's Asian Equity Research remains optimistic about Hong Kong property stocks despite a recent run-up in the counters that has left them looking expensive.

'These stocks are now priced ahead of their fundamentals,' associate director Christopher Lee said yesterday.

16 Jan 2004 - 12:00am

HK landlords secure yuan transfer deal

Hong Kong landlords of Shanghai properties will soon have an official channel through which they can transfer rent payments back here, according to a property agent in Shanghai.

At present, Hong Kong owners of mainland properties who receive rent in yuan are not allowed to repatriate the proceeds.

30 Oct 2003 - 12:00am

Thumbs up for planned Central revamp

District councillors and a town planning official yesterday gave their blessings to the Hongkong Land project designed to beautify Central.

27 Aug 2003 - 12:00am

Project starts with $7.8m seed money

Hongkong Land has already spent $7.8 million on the Central Cityscape project, the firm's executive director, Raymond Chow, said yesterday.

26 Aug 2003 - 12:00am

SFC strikes bargain for new offices

Competition for tenants in Central remains intense after the Securities and Futures Commission (SFC) secured a 10-year deal with Hongkong Land to lease four office floors in Chater House at an apparent bargain price.

Neither party has released details of lease terms but analysts believed the net effective monthly rent for the space would be less than HK$20 per square foot.

6 Mar 2003 - 12:00am

Landlord calls last orders at Trattoria

Another restaurant bites the dust.

Trattoria Restaurant & Bar will be closing its doors after 10 years in the Landmark.

The Italian eatery has been given its marching orders by landlord Hongkong Land - it seems to be on a roll at the moment - and will find out today when exactly it will have to leave.

13 Feb 2003 - 12:00am