Hysan Development Company
Hysan Development Company Limited (SEHK: 0014,OTC Pink: HYSNY) is a property investment, management and development company listed on the Hong Kong Stock Exchange. The company's roots in Hong Kong date back to 1923, when Lee Hysan acquired plots of land in East Point, now known as Causeway Bay. On 30 April 1928, Lee Hysan was assassinated due to a growing public resentment of his opium business, which people believed had caused great harm to the Chinese society. Today, Hysan is the largest commercial landlord in Causeway Bay.
The company began when Lee Hysan first acquired Jardine's Hill property in 1923 and other plots of land around "east point" (now modern day Causeway Bay). "East point" in the colonial times primarily contained residential areas, with some offices dedicated to a British trading company. The development of the Jardine's Hill property to an entertainment ground, the modern day Lee Garden and the following construction of the Lee Theatre (built initially as a Chinese opera venue, as well as other stage performances) set the trend for the continual renewal and development of Causeway Bay.
The company was incorporated and listed on the Hong Kong Stock Exchange in 1981, at the time owning five major developments in Causeway Bay. This has increased as Hysan has grown to become one of the leading property investment, development and management companies in Hong Kong. The Company's office, retail and residential portfolio is currently at over 4,700,000 square feet (440,000 m2). The Company's assets are predominantly based in Causeway Bay, and Hysan is the largest commercial landlord there.
The Lee Gardens and Lee Gardens Two are the company's flagship developments. They provide Grade A office space and house many luxury fashion brands. Lee Gardens Two is also a popular shopping destination for children's apparel.
The company's latest development is Hysan Place, located at 500 Hennessy Road. Its opening is scheduled for Q2 2012. There are 15 levels of office space and 17 floors of trend-setting retail outlets, totaling 710,000 square feet. Hysan Place is at the forefront of international environmental and sustainability standards, having achieved pre-certification at the Platinum level for the United States Green Building Council’s Leadership in Energy and Environmental Design (USGBC LEED), as well as the Hong Kong Building Environmental Assessment Method (HK BEAM) standard.
Ms. Irene Lee is Chairman at Hysan. The board maintains 11 to 12 directors including other members of the Lee family and details about each can be found in the company's website: Hysan Development Company Limited.
Hysan shares are listed on The Stock Exchange of Hong Kong Limited (HKEx). Its shares are also traded through over-the-counter facilities in London. In addition, it has a sponsored American Depositary Receipts (ADR) programme in the New York market.
- HKEx Stock Code: 00014
- Bloomberg: 14HK
- Reuters: 0014.HK
- Ticket Symbol for ADR Code: HYSNY
- CUSIP Reference Number: 449162304
Hysan's portfolio comprises a total of 11 buildings:
- Lee Garden (office, retail)
- Lee Gardens Two (office, retail)
- Sunning Plaza (office, retail)
- 18 Hysan Avenue (office, retail)
- 111 Leighton Road (office, retail)
- Lee Theatre Plaza (office, retail)
- Leighton Centre (office, retail)
- One Hysan Avenue (office, retail)
- Hysan Place (office, retail) - opened in August 2012 (former site of Hennessy Centre and Mitsukoshi Hong Kong closed in 2006)
- Bamboo Grove (residential)
- Sunning Court (residential)
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