• Wed
  • Sep 17, 2014
  • Updated: 8:29am

Hongkong Land

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.

Sunday, 18 July, 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