Wharf_Real_Estate_Investment_Company

Wharf Real Estate Investment Company

Wharf Real Estate Investment Company

Hong Kong real estate portfolio company

"Wharf Estates" redirects here. For the Singapore subsidiary, see Wharf Estates Singapore.

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).

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Wharf REIC owned a few shopping centres and commercial buildings in Hong Kong (via Wharf Estates Limited and other subsidiaries such as listed company Harbour Centre Development) and in Singapore (via Wharf Estates Singapore and subsidiaries), namely: Harbour City complex, Times Square, Wheelock House, Crawford House, The Murray, Plaza Hollywood, Wheelock Place, Scotts Square etc.

History

Wharf Real Estate Investment Company Limited (Wharf REIC) was formed as a spin-off of The Wharf (Holdings) in 2017.[2] Before the spin off, in 2016, The Wharf also acquired Wheelock House from the parent company Wheelock & Co. and the chairman Peter Woo,[3] which the assets were later injected into the REIC.

In February 2018, Wharf REIC replaced The Wharf (Holdings) as the component of the blue chip index Hang Seng Index.[4]

In December 2019, Wharf REIC acquired Wheelock Place and Scotts Square and the company Wheelock Properties (Singapore) from Wheelock & Co.[5]

References

  1. [1]
    "Annual Report 2019" (PDF). Wharf Real Estate Investment Company. April 2020. Retrieved 12 November 2020.
  2. [2]
    "Hong Kong's Wharf approves property unit spin-off". Reuters.com. 14 November 2017. Retrieved 13 November 2020.
  3. [3]
    "Wharf (00004) to buy Wheelock House properties at HK$6.2bn". etnet.com.hk. 15 March 2016. Retrieved 12 November 2020.
  4. [4]
    "Tencent, China Mobile to join Hang Seng China Enterprises Index". Reuters.com. 6 February 2018. Retrieved 13 November 2020.
  5. [5]
    Hui, Kevin C.Y. (18 December 2019). "Announcement Connected Transaction" (PDF) (Press release). Wharf Real Estate Investment Company. Retrieved 13 November 2020 – via hkexnews.hk.
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