Wheelock Properties Limited and Wheelock Properties (Hong Kong) Limited are
subsidiaries of
Wheelock and Co.
}
Wheelock and Company Limited is a Hong Kong-based financial real estate company. It was listed as #1249 on the Forbes 2000 list.
The group's principal activities are property investment, property development, property management and agency, an ...
Wheelock Properties is a real estate developer and a former listed company in the Hong Kong stock exchange.
Business overview
Wheelock Properties engages in the
property development and
investment operations in Hong Kong. It participated in a number of
private housing estates
Private housing estate is a term used in Hong Kong for private mass housing – a housing estate developed by a private developer, as opposed to a public housing estate built by the Hong Kong Housing Authority or the Hong Kong Housing Socie ...
including
Bellagio Bellagio may refer to:
* Bellagio, Lombardy, an Italian town
* Bellagio (resort), a luxury resort and casino in Las Vegas
* Bellagio (Hong Kong), a private housing building
* Bellagio declaration, an intellectual copyright resolution
* 79271 Bellag ...
,
Sorrento
Sorrento (, ; nap, Surriento ; la, Surrentum) is a town overlooking the Bay of Naples in Southern Italy. A popular tourist destination, Sorrento is located on the Sorrentine Peninsula at the south-eastern terminus of the Circumvesuviana ra ...
,
Parc Oasis (via the subsidiary RDC) and
Parc Palais and owns certain investment properties including
Fitfort.
Before the privatization of Wheelock Properties, the company owned the 76% shares in Singapore-listed
Wheelock Properties (Singapore).
[ Both companies are privatized.
]
History
The predecessor of the business unit, Hongkong Realty and Trust Co., Ltd., was incorporated on 17 March 1923. It was renamed to New Asia Realty and Trust Co., Ltd. in 1995. In the same year was added as a registered Chinese name.
Hongkong Realty and Trust was a listed company since at least circa 1935. It was reported that circa 1948, Hongkong Realty is majority owned by Marden and Co. already, which the latter is the predecessor of the current Wheelock and Co.
}
Wheelock and Company Limited is a Hong Kong-based financial real estate company. It was listed as #1249 on the Forbes 2000 list.
The group's principal activities are property investment, property development, property management and agency, an ...
Marden-Wheelock was owned by Marden family until the 1980s., which it was takeover by Hong Kong ethnic Chinese business magnate Yue-Kong Pao
Sir Yue-Kong Pao CBE JP (; 10 November 1918 β 23 September 1991), is the founder of Hong Kong's Worldwide Shipping Group which in the 20 years from purchasing its first used ship in 1955 became by far the largest shipping company in the w ...
, the maternal grandfather of the current (as of 2020) Wheelock Properties Managing Director, Douglas Woo.
As a listed subsidiary of the conglomerate Wheelock and Co.
}
Wheelock and Company Limited is a Hong Kong-based financial real estate company. It was listed as #1249 on the Forbes 2000 list.
The group's principal activities are property investment, property development, property management and agency, an ...
, New Asia Realty takeover its own listed subsidiary Realty Development Corporation (RDC) in 2002. Both New Asia Realty and RDC also issued class B ordinary share
Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States. They are known as equity shares or ordinary shares in the UK and other Comm ...
until they were exchanged into class A ordinary shares in 2000.
The listed company was renamed from New Asia to Wheelock Properties Limited () in 2004.
Wheelock Properties was privatized
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...
by its parent company Wheelock and Co. in 2010. At the time of privatization, Wheelock House
Wheelock House () is a commercial office building located on Pedder Street in Central, Hong Kong. Wheelock House is a Class A office space completed in 1984 and has 24 storeys. One of its architects was Wong & Ouyang (HK) Ltd while the real estate ...
in Hong Kong and Wheelock Place
Wheelock Place (), (Tamil ) is a 21-floor office tower and shopping mall on Singapore's Orchard Road.
Background
The building was designed by Kisho Kurokawa and completed in 1994 as Lane Crawford Place (). It is now owned by Wharf Estates Sin ...
in Singapore are the main investment properties of the business unit.
After the privatization , the business unit also do business via another legal person
In law, a legal person is any person or 'thing' (less ambiguously, any legal entity) that can do the things a human person is usually able to do in law β such as enter into contracts, sue and be sued, own property, and so on. The reason for ...
Wheelock Properties (Hong Kong) Limited. In 2016, sister company The Wharf (Holdings)
The Wharf (Holdings) Limited (), or Wharf (δΉε) in short, is a company founded in 1886 in Hong Kong. As its name suggests, the company's original business was in running wharfage and dockside warehousing, and it was originally known as Th ...
bought a large portion of Wheelock House
Wheelock House () is a commercial office building located on Pedder Street in Central, Hong Kong. Wheelock House is a Class A office space completed in 1984 and has 24 storeys. One of its architects was Wong & Ouyang (HK) Ltd while the real estate ...
from the parent company Wheelock & Co. as well as from the chairman Peter Woo
Peter Woo Kwong-ching, GBM, GBS, JP (; born September 5, 1946) is a Hong Kong billionaire businessman. He was the chairman of Wheelock and Company Limited ()and The Wharf Holdings Limited () until 19 May 2015. As of April 2021, his net wo ...
and his wife. However, soon after the floor area of Wheelock House
Wheelock House () is a commercial office building located on Pedder Street in Central, Hong Kong. Wheelock House is a Class A office space completed in 1984 and has 24 storeys. One of its architects was Wong & Ouyang (HK) Ltd while the real estate ...
was injected to another sister company Wharf Real Estate Investment Company.
The parent company of the business unit, Wheelock and Co.
}
Wheelock and Company Limited is a Hong Kong-based financial real estate company. It was listed as #1249 on the Forbes 2000 list.
The group's principal activities are property investment, property development, property management and agency, an ...
, remained as a listed company until 2020.
References
External links
* {{official site, http://www.wheelockproperties.com.hk
Wheelock and Company
Land developers of Hong Kong
Companies formerly listed on the Hong Kong Stock Exchange
Real estate companies established in 1923
1923 establishments in Hong Kong