Hongkong Land

Kerry pays $120m for industrial site

In a show of confidence in market prospects, Kerry Properties has paid HK$120 million for an industrial site in Tsuen Wan for residential development.

Tuesday, 28 May, 2002, 12:00am

25 years ago...

Name change to cost $2m

Hongkong (December 27): What's in a name?

As much as $2 million, according to one tenant of Hongkong Land's Union House.

The tenant said the change in name of Union House to Swire House could cost Hongkong Land, Swires and the other 200 tenants up to $2 million.

23 Dec 2001 - 12:00am

Logistics group sets sales-push timetable

Tradeport Hong Kong, the HK$500 million on-airport logistics facility to open early in 2003, has appointed a chief executive, and marketing initiatives will move into high gear after its sales conference in December, according to project sources.

The chief executive, who cannot yet be named, is to start at the company in January - just as the drive begins to secure clients.

26 Oct 2001 - 12:00am

Outlook darkens for developers

Earnings forecast for developers will be revised down 10 per cent this year as worsening unemployment and prolonged deflationary pressure probably will delay a recovery in home prices, according to SG Securities.

26 Apr 2001 - 12:00am

Hongkong Land sets $6.3b syndicated loan

Hongkong Land Holdings yesterday set a HK$6.38 billion syndicated loan to finance medium-term investment expenditure and refinance a portion of existing loans. The two-tranche loan has interest margins of 47 and 55 basis points over the Hong Kong interbank offered rate.

9 Mar 2001 - 12:00am

High income potential seen for Chater Road

Rentals from Hongkong Land's prime office development, 11 Chater Road in Central, will generate about 10 per cent of the company's income from SAR commercial properties.

Executive director of commercial property for Hong Kong, Raymond Chow, made this prediction yesterday based on a full occupancy of the building - due for completion in the middle of next year.

6 Mar 2001 - 12:00am

Tradeport consortium to build $530m airport logistics centre

Tradeport Hong Kong has won a contract to build a HK$530 million logistics centre at the Hong Kong International Airport.

Tradeport will design, construct, operate and manage the centre which will cover a 1.38-hectare site in the south commercial district of the airport.

22 Feb 2001 - 12:00am

Central supply squeezed

As many as 10 floors at the new 28-storey office tower at 8 Queen's Road Central were taken up by tenants during the launch last month - further evidence of the tightening office market in the central business district.

29 Nov 2000 - 12:00am

Kerry sells off prime Mongkok building for $300m

Kerry Properties has agreed to sell a Mongkok commercial building for about HK$300 million, the third non-core investment property the company has sold this year.

Sources said the building, at 168 Sai Yeung Choi Street South, comprised 74,217 square feet of office and retail space.

11 Nov 2000 - 12:00am

Spot rents tell HK Land story

It is an unfortunate thing for Hongkong Land that it should have to share the general earnings woes of Jardines group companies, with a 21 per cent drop in interim profits just when its prospects have become much brighter.

4 Aug 2000 - 12:00am

Hi-tech office plan detailed by HK Land

Hongkong Land is attempting to enter the SAR and mainland telecommunications sector in a partnership which could service 60 office buildings within its first year.

The company has linked up with United States-based Winstar and applied to the Government for a wireless fixed-telephone licence under the joint-venture name, Winstar Hong Kong.

18 Dec 1999 - 12:00am

Hongkong Land forecasts fall in gearing level on portfolio

Hongkong Land, Central's largest landlord, expects its gearing level to fall back below 11 per cent as the value of its property portfolio rises.

In a presentation to analysts yesterday, the company said it had net debt of US$560 million as of June 30. Its gearing ratio was 11 per cent, up from 9 per cent at the interim stage last year.

15 Sep 1999 - 12:00am

Hongkong Land set to report 60pc hit due to provisions

Hongkong Land Holdings, the largest landlord in the Central property market, is expected to report a drop in attributable earnings of as much as 60 per cent when it unveils its results today.

10 Mar 1999 - 12:00am

Quarry Bay office project tops out

Hongkong Land yesterday topped out its 30-storey office development at 1063 King's Road, Quarry Bay.

Managing director Percy Weatherall (second from right) said Hongkong Land had extended its presence to Quarry Bay because of the growing importance of the area.

'Quarry Bay has become one of the important commercial districts in Hong Kong,' he said.

3 Feb 1999 - 12:00am

Jardine Matheson and HK Land outperform with strong gains

Shares in Singapore-listed Jardine Matheson Holdings surged yesterday, adding 20 per cent to US$3.36, far outstripping the wider market's gain. Jardine affiliate Hongkong Land Holdings, which controls the bulk of top grade office space in Central also rose strongly, ending 11.26 per cent firmer at $1.58.

3 Nov 1998 - 12:00am