Founded in 1886, (Stock code: 0004) is a premier company with over HK$200 billion of total assets. Backed by a long standing mission of "Building for Tomorrow" and a proven track record in management and execution, the Group has produced consistent and productive performance over the years. As one of the only six constituent stocks from the original Hang Seng Index 50 years ago, Wharf is among the top local blue chips that are most actively traded and widely held.
The Wharf Group completed the demerger of its investment portfolio in November 2017. The Wharf (Holdings) Limited is now principally engaged in Hong Kong development properties including the Peak Portfolio and Kowloon East Waterfront Portfolio; the port and logistic business under Modern Terminals in Hong Kong, as well as property development and investment properties in China. The Group also runs a fast expanding hotel portfolio under Wharf Hotels in Asia.
Wharf's Peak Portfolio redefines the concept of luxury living with a landmark collection of the most respected and prestigious residences nestled on the Peak, epitomizing a unique and exclusive lifestyle at the most sought-after address in town. Among them Mount Nicholson, a 50:50 joint venture development with the Nan Fung Group offers ultra-luxury residences with an enchanting view of Victoria Harbour.
Superstructure/foundation works for the re-development of the Peak Portfolio including 1 Plantation Road (20 houses), 11 Plantation Road (7 houses) and 77 Peak Road (8 houses) are progressing to plan.
The Group's striking "Kowloon East Waterfront Portfolio" of new developments enjoys a compelling harbour view and spans across a 500-metre coastline. Superstructure works for 8 Bay East is underway while Kowloon Godown is pending re-development.
The Company's IFS series in China is progressing at full speed as planned. It will strengthen the Company's recurrent income base upon completion. With a view to replicate the success of the remarkable Harbour City in Hong Kong and Chengdu IFS, Chongqing IFS (opened in September 2017) and Changsha IFS will capitalise on the Company's management expertise and experience in operating some of the most productive retail-cum-office developments.
The outlets mall sector also presents great opportunities in China. Currently the Company is running two outlet malls in China namely Times Outlets Chengdu and Times Outlets Changsha with the former being one of the most productive outlet malls in the Mainland.
Wharf Hotels runs a fast expanding hotel network in Asia, spearheaded by a prominent collection of "contemporary, urban, chic" Niccolo hotels which redefine luxury experiences, styles and tastes for global travellers. Currently, the Group manages 15 hotels in China, Hong Kong and the Philippines under the legacy brand of Marco Polo Hotels and the new luxury brand, Niccolo Hotels. The exciting expansion of this portfolio continues with a solid pipeline of new hotels over the next few years.
"Building for Tomorrow" also extends to Wharf's "Business-in-Community" pursuit. In addition to the flagship school improvement programme "Project WeCan", Wharf Architectural Design Internship has gained traction over the years. Backed by an enthusiastic team of staff volunteers, the Group has also supported a series of "Business-in-Community" initiatives and work with different NGOs to bring benefits to different segments of society.