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.
It has a landbank of approximately 1.3 million square feet gross floor area(GFA) in Hong Kong. The Group has participated in a number of mega development projects including Bellagio, Sorrento and Parc Palais and owns certain investment properties including Wheelock House. Two major redevelopment projects are underway, namely, The Babington and 2 Heung Yip Road. The Babington in the Mid Levels will comprise a 47 deluxe apartments while 2 Heung Yip Road in Aberdeen is being redeveloped into a high rise commercial building.
Besides, the Group has acquired the entire interest in the property at 211-215C Prince Edward Road West for residential redevelopment, upon acquisition of the sole remaining unit in April 2009 with a compulsory sale order granted by the Lands Tribunal.
By the end of June 2009, the Group had acquired 98.5% of the interest in the property at 46 Belcher’s
Street. The site is planned for residential redevelopment.
Mainland
The Group remains optimistic about the long-term outlook for the real estate market in China. The two joint ventures in Foshan of Guangdong Province are underway. The project in Xincheng District boasts a site area of 2.88 million square feet and offers a GFA of 2.43 million square feet attributable to the Group. All units launched for pre-sales had been sold out by June 2009. The whole project is scheduled for completion in phases by 2012. The other project is located at the junction of Kuiqi Road and Guilan Road in Chancheng District. It has a site area of 1.15 million square feet and offers a GFA of 1.45 million square feet attributable to the Group. The project is scheduled for completion in phases by 2013. The Group will continue to seek good investment opportunities for development. Its land bank in the Mainland is currently about a GFA of 3.88 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 Lu, 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 
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.
