Wharf Real Estate Investment Company

Hong Kong real estate portfolio company

SEHK: 1997
Hang Seng Index component

ISINKYG9593A1040Industry

real estate investment
transportation

Founded2017FounderThe Wharf (Holdings)Headquarters

Hong Kong, China	(de facto)
Grand Cayman, Cayman Islands	(registered office)

Area served

Hong Kong
Singapore

Key people

Stephen Ng (Chairman & Managing Director)ProductsCommercial rental floorServicesintra-city ferry serviceRevenue

HK$016,043 million (2019)

Net income

HK$003,928 million (2019)Total assets

HK$284,341 million (2019)Total equity

HK$216,164 million (2019)OwnerWheelock & Co. (66.01%)^[1]^: 85ParentWheelock & Co.Subsidiaries

Wharf Estates	(100%)
Wharf Estates Singapore	(100%)
Harbour Centre Development	(72%)
Star Ferry	(100%)
etc.

Chinese nameTraditional Chinese九龍倉置業地產投資有限公司Simplified Chinese九龙仓置业地产投资有限公司

Transcriptions
Standard Mandarin
Hanyu Pinyin	Jiǔlóng cāng zhìyè dìchǎn tóuzī yǒuxiàn gōngsī
Yue: Cantonese
Yale Romanization	gáu lùhng chōng ji yihp deih cháan tàuh jī yáuh haahn gūng sī
Jyutping	gau2 lung4 cong1 zi3 jip6 dei6 caan2 tau4 zi1 jau5 haan6 gung1 si1

short nameTraditional Chinese九龍倉置業Simplified Chinese九龙仓置业

Transcriptions
Standard Mandarin
Hanyu Pinyin	Jiǔlóng cāng zhìyè
Yue: Cantonese
Yale Romanization	gáu lùhng chōng ji yihp
Jyutping	gau2 lung4 cong1 zi3 jip6

Websitewww.wharfreic.comFootnotes / references
source^[1]

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).

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

^ ^a ^b "Annual Report 2019" (PDF). Wharf Real Estate Investment Company. April 2020. Retrieved 12 November 2020.
^ "Hong Kong's Wharf approves property unit spin-off". Reuters.com. 14 November 2017. Retrieved 13 November 2020.
^ "Wharf (00004) to buy Wheelock House properties at HK$6.2bn". etnet.com.hk. 15 March 2016. Retrieved 12 November 2020.
^ "Tencent, China Mobile to join Hang Seng China Enterprises Index". Reuters.com. 6 February 2018. Retrieved 13 November 2020.
^ 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.