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Group Profile

Overview

Chinese Estates Group

Chinese Estates Group (the "Group") is one of the leading property developers in Hong Kong. The Group comprises of three companies publicly listed on the Hong Kong Stock Exchange, namely Chinese Estates Holdings Limited (Stock Code: 127), Chi Cheung Investment Company, Limited (Stock Code: 112) and G-Prop (Holdings) Limited (Stock Code: 286).

Chinese Estates' core businesses comprise of property investment for rental and property development for sale. The Group focuses primarily in Hong Kong, and actively increases exposures in Macau and mainland China in the recent years.

Property Investment

The Group's investment properties comprise of retail and office assets totaling around 1 million square feet and 1.2 million square feet respectively. Most of the investment properties of Chinese Estates are highly accessible and strategically located in prime commercial areas in Hong Kong such as Causeway Bay, Tsim Sha Tsui and Wanchai. In mainland China, Chinese Estates owns an office/shopping complex located in one of the most prestigious commercial districts in Shanghai, a five-star international hotel in Beijing, and part of a shopping arcade in Lowu, Shenzhen.

Over the past twenty years, Chinese Estates has built a reputation for conceptualising and implementing redevelopment, renovation works and repackaging programmes to enhance the value and revenue of its investment properties.

Property Development

Chinese Estates specializes in developing mid to high-end commercial and residential property projects. Currently, the Group has a landbank of approximately 30 million square feet to be developed in Hong Kong, Macau, and the mainland China. The significant size of landbank provides Chinese Estates with the flexibility to take advantage of cyclical real estate market conditions for property investment and development.

Business Strategies

Going forward, Chinese Estates will continue to grasp opportunities for acquiring properties and replenishing its landbank for developing quality commercial and residential projects. Furthermore, it will continue to enhance the value and revenue of its existing investment properties to increase recurrent income.