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SCMP Reporter

The chairman of Causeway Bay's biggest landlord, Hysan Development, has died at the age of 55.
Peter Lee Ting-chang died at his home on Saturday, the company said yesterday in an announcement to the Hong Kong stock exchange.
'The board is deeply saddened by the sudden loss. Mr Lee provided tremendous leadership, guidance and support to the company. The board extends its deepest condolences to Mr Lee's family,' the announcement said.
Apart from running Hysan Development, Lee was an independent non-executive director of many Hong Kong companies, including the SCMP Group since 1998.  
'I am shocked and deeply saddened by the loss of a good friend and colleague,' former SCMP Group chairman and current board member Kuok Khoon Ean said last night. 
'Peter was a great supporter of the SCMP and contributed so positively and wholeheartedly, as was his nature, as a fellow director and chairman of our audit committee for many years. We shall miss him dearly. 
'Our thoughts and prayers are with his wife, Nancy, and their two daughters during this time of bereavement.' 
Hysan said last night that it had appointed independent non-executive deputy chairman David Akers-Jones as acting chairman and would proceed to make succession arrangements in due course.  
There would be no disruption to the company's operations and development, the announcement said. 
Lee is the grandson of renowned developer and entrepreneur Lee Hysan, whose name is carried on such Causeway Bay landmarks as the Lee Gardens,  Lee Theatre Plaza and Hysan Avenue. 
After receiving his higher education in Britain, where he earned a bachelor of science degree in civil engineering from the University of Manchester,  Lee returned to Hong Kong in 1984.
He joined the board of directors of Hysan Development in 1988, becoming the company's managing director the following year and chairman in 2001. 
Lee was a key force behind the ever-changing face of the popular shopping and tourism district. In 2006, he decided to demolish the 25-year-old Hennessy Centre to make way for a 710,000-sq-ft trendy retail complex and cash in on the strong demand for prime retail space. The HK$1.2 billion redevelopment project will be completed next year. 
Lee also renovated Hysan's investment portfolio to enhance its competitiveness, with commercial projects such as 111 Leighton Road, Leighton Centre and One Hysan Avenue in Causeway Bay and a residential project, Bamboo Gardens, in Mid-Levels.
Lee's influential role in corporate Hong Kong extended beyond the property sector. He was on the board  of companies as varied as Cathay Pacific Airways, CLP Group, Hang Seng Bank and Maersk China. He was also a vice-president of the Real Estate Developers Association and a council member of the Employers' Federation. 
Lee was equally active in the city's social development. He was an advisory board member and chairman of the administration advisory committee of the Salvation Army Hong Kong. 
He served twice - before and after 1997 - as a part-time member of the government's Central Policy Unit. 
A keen supporter of education, he was a member of the Education Commission from 1993 to 1998. During his time on the commission, the city's colleges of education  were merged  to form the Hong Kong Institute of Education.
Lee was a founding council member of the institute, holding that position from 1994 to 2003. 
He was also governor of the Lee Hysan Foundation, a supporter of many community projects. 
Under his leadership, the foundation was regarded as a pioneer in private-sector support for the development of the arts and culture.
In recognition of his contributions to society, Chinese University  awarded Lee an honorary fellowship in 2006. 
In February, he was awarded one of the Institute of Education's first honorary fellowships.



Tycoon who changed the face of Causeway Bay dies