Wharf Holdings Ltd

Established in Hong Kong in 1886 as the 17th company incorporated in the territory, The Wharf (Holdings) Limited (stock code: 0004) stands as a venerable and leading enterprise. For over five decades, it has remained a foundational constituent of the original Hang Seng Index, recognized as one of the most actively traded and widely held local blue-chip companies. Guided by its enduring commitment to "Building for Tomorrow," the Group has consistently demonstrated robust performance through its proven management and execution capabilities. Following the separate listing of Wharf Real Estate Investment Company Limited in November 2017, which concentrates on its Hong Kong investment property portfolio, Wharf (Holdings) Limited's core operations are now primarily property-related. These encompass investment properties, hotels, and development properties across both Hong Kong and Mainland China, supplemented by logistics operations through Modern Terminals and Hong Kong Air Cargo Terminals. Wharf's prestigious Peak Portfolio redefines luxury living, offering an exclusive collection of rare and coveted residences that epitomise an unparalleled lifestyle at the city's most sought-after addresses. This includes the acclaimed Mount Nicholson, alongside current developments such as 1 Plantation Road, 11 Plantation Road, and 77 Peak Road. Beyond this luxurious collection, Hong Kong's development pipeline further includes the Kowloon Tong Residential Project and various other ventures in Kowloon East. In Mainland China, Wharf leads its investment property strategy with the International Finance Square (IFS) series, strategically positioned within the central business districts or nascent urban centers of high-potential cities like Changsha, Chengdu, Chongqing, Suzhou, and Wuxi. These IFS developments are recognized as pioneering landmarks, distinguished by their peerless locations, superior planning, innovative design, robust critical mass of retailers and shoppers, and exemplary retail management. Notable examples include Changsha IFS, opened in 2018, and Chengdu IFS, launched in 2014, both comparable in magnitude and prominence to Hong Kong's Harbour City. The boutique Chongqing IFS, inaugurated in 2017, boasts the largest concentration of first-tier brands in its city. The Group continues to pursue a selective land acquisition policy, strategically focusing on key Tier 1 or 2 cities to secure a high-quality land bank promising high returns. By the close of June 2019, its development property landbank reached 3.6 million square meters. Wharf Hotels oversees a growing portfolio of 17 properties across Asia, with its prominent Niccolo brand spearheading recent growth. The company owns four stylish urban Niccolo hotels (including The Murray, Hong Kong and Niccolo Changsha) and manages 13 Marco Polo hotels in Hong Kong, Mainland China, and the Philippines. Niccolo Suzhou is its newest addition, currently under construction and slated for a 2021 opening. Additionally, the Group owns and operates Modern Terminals and Hong Kong Air Cargo Terminals, facilities that have been integral to Hong Kong's decades-long success as a global hub for international trade and transportation. Its long-term investment in CME2 represents a strategic initiative involving the reinvestment of capital and profits from the CME1 exit in Hong Kong into a progressive new economy infrastructure. This expanded CME2 arena targets larger markets with significant growth potential. The Group's enduring "Building for Tomorrow" philosophy also permeates its "Business-in-Community" (BIC) commitment. Through the flourishing "Project WeCan" school enhancement program and a range of other BIC initiatives such as the Wu Zhi Qiao (Bridge to China) Charitable Foundation, the Shanghai International Tower-running Grand Prix, and Operation Panda, Wharf actively fosters community engagement and delivers tangible benefits across various societal strata.