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

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 — 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

, 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 – 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 (九倉) 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

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

was injected to another sister company Wharf Real Estate Investment Company. The parent company of the business unit,

, 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