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Wharf Real Estate Investment Co Ltd Ordinary Shares

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Company Profile

Business Description

Wharf spun off Wharf Real Estate Investment Co in November 2017. WREIC is now a leading property investor in Hong Kong, with a focus on prime retail assets. Rental income, mostly from two flagship malls, accounts for 95% of the company’s operating profit, while the hotel operation contributes the remaining 5%. The company holds a few projects in China that it expects to wind down or dispose of over the next few years.Wharf was originally a shipping company, but transformed into a property developer and investor in the 1960s by redeveloping its unused industrial assets, many located in city-center or waterfront locations. Wheelock previously held a 55% stake in Wharf; following the spin-off, Wheelock now holds a 66% stake in WREIC after recent rounds of share acquisition.

Contact
Canton Road, 16th Floor, Ocean Centre
Hong Kong, Cayman Islands
T +852 21183118
Sector Real Estate
Industry Real Estate Services
Most Recent Earnings
Fiscal Year End Dec 31, 2020
Stock Type
Employees 2,800