Chinese Estates Group

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Chinese Estates GroupType| Real estate

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Industry| Real estate
Founded| 1986
Headquarters| Hong Kong

Key people

| Joseph Lau (Chairman & )
Products| offices and retail
Revenue| HK$ 2,151.3 million (2009)[1]

Operating income

| net_income = homepage = [1]

Chinese Estates Group is a real estate development group based in Hong Kong. The group comprises three Hong Kong publicly listed companies : Chinese Estates Holdings Limited (Stock Code: 127), Chi Cheung Investment Company, Limited (Stock Code: 112) and G-Prop (Holdings) Limited (Stock Code: 286).

Historically, Chinese Estates Group has been focused on the Hong Kong market, but has more recently expanded into neighbouring Macau and mainland China.[2]

In July 2010 the group was reported to be in exclusive negotiations to acquire Tower 42, an office tower in the City of London, for a reported sum of around £300 million.[3]

## Operations[edit]

Total revenues for 2009 totalled HK$2,151.3 million. As of 31 December 2009 the property portfolio was valued at HK$8,564.3 million. The current portfolio comprises retail and office assets totalling around 1,000,000 square feet (93,000 m2) and 1,200,000 square feet (110,000 m2) respectively. The group also has a landbank of approximately 30,000,000 square feet (2,800,000 m2) to be developed in Hong Kong, Macau, and in mainland China.

## References[edit]

1. ^ "Annual / Interim Reports - Chinese Estates Holdings Limited".
2. ^ "Chinese Estates Holdings Limited".
3. ^ "Chinese Estates seen as Tower 42 frontrunner". Financial Times. 2 July 2010.

## External links[edit]

* http://www.chineseestates.com