Wharf Estates Singapore Pte. Ltd., formerly Marco Polo Developments Limited, Wheelock Properties (Singapore) Limited and Wheelock Properties (Singapore) Pte. Ltd., engages in

property development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. R ...

and

investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

. It is a

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

Wharf Real Estate Investment Company Wharf Real Estate Investment Company Limited (Wharf REIC) is a listed real estate portfolio company. It is a subsidiary of private company Wheelock & Co. (formerly listed), as well as a sister company of fellow listed company The Wharf (Holdings) ...

(Wharf REIC), itself a listed subsidiary of Wheelock & Co. Wharf REIC and Wharf Estates Singapore are named after

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 ...

, another subsidiary of Wheelock & Co..

Business overview

Its development properties are Grange Residences, The Sea View, The Cosmopolitan, Ardmore Park, Ardmore II, Scotts Square, Orchard View and Ardmore 3, and its investment property is

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 Sing ...

History

The company was incorporated in Singapore in 1972 and listed on the

Singapore Exchange The Singapore Exchange Limited (SGX) is a Singaporean investment holding company that provides different services related to securities and derivatives trading and others. SGX is also a member of the World Federation of Exchanges and the Asian ...

(SGX) in 1981. In 1995, Wharf Estates Singapore, at that time known as Marco Polo Developments Limited was sold by

to its sister company Hongkong Realty. Hongkong Realty later renamed to Wheelock Properties Limited in 2004. Both Hongkong Realty (Wheelock Properties) and

are Wheelock & Co. subsidiaries. Marco Polo Developments later renamed to Wheelock Properties (Singapore) Limited. Wheelock Properties (Singapore) Limited was taken over by its parent company Wheelock & Co. and was delisted from the SGX on 18 October 2018, becoming Wheelock Properties (Singapore) Pte. Ltd.. Wheelock & Co. and its subsidiary

's formed a spin-off listed company

(Wharf REIC) for their real estate portfolios. In 2019, Wheelock Properties (Singapore), and its subsidiaries and real estate portfolios were acquired by Wharf REIC. Circa 2020 Wheelock Properties (Singapore) was renamed Wharf Estates Singapore.

References

External links

* {{official website 1972 establishments in Singapore Companies formerly listed on the Singapore Exchange Real estate companies established in 1972 Real estate companies of Singapore Wheelock and Company Singaporean companies established in 1972 Singaporean brands