Hongkong Land

Gammon gets Viet licence

GAMMON Construction has been awarded a construction licence by the Vietnamese Ministry of Construction, enabling it to begin work on Hongkong Land's US$7 million office and retail development in Hanoi.

Friday, 7 January, 1994, 12:00am

Hongkong Land trying to help

I WRITE in response to Mr Coleridge-Cole's letter (South China Morning Post, November 27) regarding domestic helpers in Central.

Mentioning Hongkong Land in the same context as Tregunter Towers is to make an unfair and misinformed criticism on two counts.

6 Dec 1993 - 12:00am

Firm makes $20m profit

CHINA Investments Holdings is selling its five per cent stake in Nine Queen's Road Central for $57.5 million.

The company said yesterday it had made a profit of more than $20 million in the transaction.

The company had a five per cent stake in Innsbuck Co, which paid Hongkong Land Holdings $3.8 billion for the property in May last year.

11 Nov 1993 - 12:00am

Jardine Strategic net up

JARDINE Strategic has posted interim net profits of US$121.3 million after tax and outside interests and preference dividends, an increase of 10 per cent on 1992.

Profit attributable to shareholders for the six months to June 30 was increased by an extraordinary gain of $68.3 million from the sale of an investment property by Hongkong Land.

23 Sep 1993 - 12:00am

HK Land in Hanoi office joint venture

HONGKONG Land Holdings has formed a joint venture in Vietnam to develop a 63,000 square foot office block in the centre of Hanoi.

The total development cost, including land, will be about US$7 million, with Hongkong Land footing most of the bill.

Its joint-venture partner is Kinh Do Co, a company owned by the Hanoi Confederation of Labour.

15 Sep 1993 - 12:00am

Making room for Miramar

Miramar Hotel Recommendation: Speculative buy Brokerage: G K Goh G K GOH estimates the net asset value of Miramar Hotel to be about $20 per share. Its estimate is based on the assumption each of the 500 rooms is worth $2.7 million.

18 Jul 1993 - 12:00am

New HK Land finance chief

HONGKONG Land Holdings has appointed Ian Durant as finance director, replacing David Gawler who has moved on to 25 per cent owned associate Trafalgar House, also as finance director.

Mr Durant was previously chief financial officer and director of wholly owned subsidiary Hongkong Land Property Co, and was also finance director at Dairy Farm International Holdings.

17 Jun 1993 - 12:00am

The $3.8b Queens's Road deal was a winner all round

It looked as if Hongkong Land was getting a very good market price when it sold Nine Queen's Road a year ago, but, as BARRY PORTER reports, Innsbruck also did pretty well out of the deal.

IT is now more than a year since Hongkong Land's momentous $3.8 billion sale of Nine Queen's Road, Central, and property analysts are being made to eat their words.

16 Jun 1993 - 12:00am

Well-deserved premium rating

Hang Lung Development Recommendation: Buy Brokerage: Smith New Court HANG Lung is comfortably positioned for growth in the coming years.

It derives 40 per cent of its earnings from a growing recurrent contribution from the Amoy and Grand subsidiaries, while developing more land in Hongkong and China.

25 Apr 1993 - 12:00am

Road plan bids to appease landlord

IN a move seen as appeasing influential Central landlord Hongkong Land, a Central and Western District Board working group set up to investigate the company's call to re-open Chater Road to traffic on Sundays is considering a proposal to open a now closed section of Des Voeux Road.

12 Mar 1993 - 12:00am

Adopt positive attitude

I HAVE a suggestion for Hongkong Land, the Hongkong Shanghai Bank and all the landlords and tenants of buildings around Statue Square where every weekend the Filipina maids gather.

11 Mar 1993 - 12:00am

'I won't pull down London landmark'

MR VICTOR Hwang Yiou-hwa has few illusions about his family's latest acquisition. London's Battersea Power Station, he said, was a landmark worth preserving.

7 Mar 1993 - 12:00am

CIL pays $104m for property

CHINA Investments Ltd (CIL) is buying the 12th floor of Nine Queen's Road Central for $104.96 million, or $7,650 a square foot, in a connected transaction.

The floor was bought from Grimshaw, a subsidiary of China Weal, which has an interest in 23.5 per cent of CIL through a holding company called Rich Fond.

4 Jan 1993 - 12:00am