Corporate Information
Wheelock Properties Limited ("Wheelock Properties"; Stock Code: 49), 74%-owned by Wheelock and Company Limited (Stock Code: 20), is a listed property arm of the Wheelock Group.
Hong Kong
It has a landbank of approximately 1.2 million square feet gross floor area(GFA) in Hong Kong. The Group has participated in a number of mega development projects including The Babington, Bellagio and Sorrento and owns certain investment properties including Wheelock House. Two major redevelopment projects are underway, namely, 211-215C Prince Edward Road West and 2 Heung Yip Road. 211-215C Prince Edward Road West is planned for residential redevelopment while 2 Heung Yip Road in Aberdeen is being redeveloped into a high rise commercial building.
Besides, in early March 2010, a joint bid by the Group and New World Development on a 50:50 basis won the tender for the development of a luxury residential project atop the MTR Austin Station at the heart of Tsim Sha Tsui West.
By the end of December 2009, the Group had acquired 98.5% of the interest in the property at 46 Belcher’s Street, Western District. The Court has subsequently approved an application to put the entire building on auction. The site is planned for residential redevelopment.
Mainland China
The Group remains optimistic about the long-term outlook for the real estate market in China. The three joint ventures in Foshan of Guangdong Province are underway. All units of the project in Xincheng District launched for pre-sales had been taken up fully or nearly in full by December 2009. The second project is located at the junction of Kuiqi Road and Guilan Road in Chancheng District. Pre-sale of the first phase covering one high-rise residential tower started in December 2009 and was 97% taken up. The third project is located at the centre of Shishan Town and 15km from the centre of Chancheng District which was acquired for RMB 680 million at a public auction in January 2010. The Group will continue to explore other quality investment opportunities. Its land bank in the Mainland is currently about a GFA of 5.55 million square feet attributable to the Group.
- Foshan Xincheng Project
Location : South of Tian Hong Lu and North of Yu He Lu, Xincheng District Site area : 2.88 million square feet Attributable GFA : 2.43 million square feet Project nature : Residential cum retail Ownership : J/V project
50%-owned by Wheelock Properties
50%-owned by China Merchants Property groupCompletion date : 2012 
- Foshan Chancheng Project
Location : North side of Kuiqi Road, Chancheng District Site area : 1.15 million square feet Attributable GFA : 1.45 million square feet Project nature : Residential cum retail Ownership : J/V project
50%-owned by Wheelock Properties
50%-owned by China Merchants Property groupCompletion date : 2013 
- Foshan Shishan Town Project
Location : Centre of Shishan Town Site area : 1.50 million square feet Attributable GFA : 1.67 million square feet Project nature : Residential Ownership : J/V project
50%-owned by Wheelock Properties
50%-owned by China Merchants Group Co., LtdCompletion date : 2015
Singapore
Wheelock Properties also holds controlling interests in the Singapore-listed Wheelock Properties (Singapore) Limited (M35.SG), a property investor and developer with a focus on luxury residences. Wheelock Place, a commerical development at Orchard Road, was 100% owned by the Company. Other development properties in the plan include Ardmore II, Ardmore 3, Orchard View and Scotts Square.
