Wheelock Properties (Stock Code: 49) is a 74%-owned listed subsidiary and the property arm of Wheelock and Company.

Hong Kong
It has a landbank of approximately 1.3 million square feet of gross floor area (GFA) in Hong Kong. The company has participated in a number of mega development projects including Bellagio, Sorrento and Parc Palais, and owns Wheelock House in Central. Two major redevelopment projects, namely The Babington and 2 Heung Yip Road, are underway. The Babington in the Mid-levels comprises 47 deluxe apartments while 2 Heung Yip Road in Aberdeen is being redeveloped into a high rise commercial building.

In addition, the company has acquired the entire interest in the property at 211-215C Prince Edward Road West for residential redevelopment, upon acquisition of the sole remaining unit in April 2009 with a compulsory sale order granted by the Lands Tribunal.

By the end of June 2009, the company had acquired 98.5% of the interest in the property at 46 Belcherˇ¦s Street. The site is planned for residential redevelopment.

The Mainland
Wheelock Properties currently holds a land bank with an attributable GFA of about 3.88 million square feet in the Mainland. The two joint ventures in Foshan of Guangdong Province are underway. The project in Xincheng District boasts a site area of 2.88 million square feet and offers a GFA of 2.43 million square feet attributable to the company. All units launched for pre-sales had been sold out by June 2009. The whole project is scheduled for completion in phases by 2012. The other project is located at the junction of Kuiqi Road and Guilan Road in Chancheng District. It has a site area of 1.15 million square feet and offers a GFA of 1.45 million square feet attributable to the company. The project is scheduled for completion in phases by 2013.

Singapore
Wheelock Properties also holds controlling interests in the Singapore-listed Wheelock Properties (Singapore) Limited (M35.SG), a property investor and developer with a focus on luxury residences.