Wharf Real Estate Investment Company

Wharf Real Estate Investment Company Limited
Trade name	Wharf REIC
Company type	Listed
Traded as	SEHK: 1997; Hang Seng Index component;
ISIN	KYG9593A1040
Industry	real estate investment; transportation;
Founded	2017
Founder	The 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)
Products	Commercial rental floor
Services	intra-city ferry service
Revenue	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)
Owner	Wheelock & Co. (66.01%)
Parent	Wheelock & Co.
Subsidiaries
Wharf Estates	(100%)
Wharf Estates Singapore	(100%)
Harbour Centre Development	(72%)
Star Ferry	(100%)
etc.
Chinese name
Traditional 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
Hanyu Pinyin
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 name
Traditional Chinese	九龍倉置業
Simplified Chinese	九龙仓置业
Hanyu Pinyin
Transcriptions
Standard Mandarin
Hanyu Pinyin	Jiǔlóng cāng zhìyè
Yue: Cantonese
Yale Romanization	gáu lùhng chōng ji yihp
Jyutping	gau2 lung4 cong1 zi3 jip6
Website	www.wharfreic.com
	Footnotes / references; source

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.