Chinese Estates Group

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Chinese Estates Group
Type Real estate
Founded 1986
Headquarters Hong Kong, People's Republic of China
Key people

Joseph Lau, Luen-hung (Chairman & )

industry = Real estate
Products offices and retail
Revenue HK$ 2,151.3 million (2009)[1]
Operating income

net_income =

homepage = [2]

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.[2]

In July 2010 the group was reported to be in exclusive negotiations to acquire Tower 42, an office tower in the City of London, for a reported sum of around £300 million.[3]

Operations[edit]

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 1,000,000 square feet (93,000 m2) and 1,200,000 square feet (110,000 m2) respectively. The group also has a landbank of approximately 30,000,000 square feet (2,800,000 m2) to be developed in Hong Kong, Macau, and in mainland China.

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