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.
In July 2010 the group was reported to be in exclusive negotiations to acquire
Tower 42
Tower 42, commonly known as the NatWest Tower, is a skyscraper in the City of London. It is the fifth-tallest tower in the City of London, having been overtaken as the tallest in 2010 by the Heron Tower. It is the fifteenth- tallest in Lond ...
, an office tower in the
City of London
The City of London is a city, ceremonial county and local government district that contains the historic centre and constitutes, alongside Canary Wharf, the primary central business district (CBD) of London. It constituted most of London fr ...
, for a reported sum of around £300 million.
Operations
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 and respectively. The group also has a landbank of approximately to be developed in Hong Kong, Macau, and in mainland China.
References
{{Reflist, 30em
External links
* http://www.chineseestates.com
Land developers of Hong Kong