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Wheelock Properties (Stock Code: 49) is a 74%-owned listed subsidiary as well as a property arm of the Group.
Hong Kong
It has a landbank of approximately 1.2 million square feet (GFA) in Hong Kong. It has participated in a number of mega development projects including Bellagio, Sorrento and Parc Palais and owns certain investment properties including Wheelock House and Fitfort.
The Mainland
Wheelock Properties has been looking for suitable opportunities in the Mainland and has succeeded in acquiring two sites in Foshan of Guangdong province at public auctions for residential development through joint ventures in 2007. Its land bank in the Mainland is currently about 3.88 million square feet in attributable plot ratio GFA.
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Foshan Xincheng Project |
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| Location |
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South of Tian Hong Lu and North of Yu He Lu, Xincheng District |
| Site Area |
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2.88 million square feet |
| Attributable Plot Ratio GFA |
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2.43 million square feet |
| Project Nature |
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Residential cum retail |
| Ownership |
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J/V project |
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50%-owned by Wheelock Properties
50%-owned by China Merchants Property group |
| Completion Date |
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2012 |
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| Foshan Chancheng Project |
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| Location |
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North side of Kin Jin Lu, Changcheng District |
| Site Area |
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1.15 million square feet |
| Attributable Plot Ratio GFA |
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1.45 million square feet |
| Project Nature |
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Residential cum retail |
| Ownership |
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J/V project |
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50%-owned by Wheelock Properties
50%-owned by China Merchants Property group |
| Completion Date |
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2011 |
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Singapore
Wheelock Properties also holds controlling interests in Singapore-listed Wheelock Properties (Singapore) Limited (M35.SG), a property investor and developer with a focus on luxury residences.
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