DOCSLIB.ORG

Portfolio Key Facts and Figures Read More

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Portfolio Key Facts and Figures Read More Spring City 66, Kunming BUILD HANG LUNG BRANDED EXPERIENCE Artist’s Impression for Reference Only Westlake 66, Hangzhou Heartland 66, Wuhan Artist’s Impression for Reference Only REVIEW OF OPERATIONS Our Robust Property Leasing Portfolio 40 Portfolio Key Facts and Figures Shenyang 49 Mainland China Property Leasing 61 Hong Kong Property Leasing Dalian 66 Hong Kong Property Sales and Development Tianjin 67 Outlook 68 New Projects under Development Jinan 72 Major Properties of the Group Wuxi Wuhan Shanghai Hangzhou Kunming Fashion Walk Hang Lung Centre Peak Galleria Kornhill Plaza Hong Kong Standard Grand Plaza Gala Place Amoy Plaza Chartered Bank Building Forum 66, Shenyang Palace 66, Shenyang Shenyang Riverside 66, Tianjin Dalian Tianjin Olympia 66, Dalian Jinan Center 66, Wuxi Parc 66, Jinan Wuxi Wuhan Shanghai Heartland 66, Wuhan Hangzhou Under Development Grand Gateway 66, Shanghai Westlake 66, Spring City 66, Hangzhou Kunming Kunming Under Development Plaza 66, Shanghai Hong Kong Commercial Residential & Serviced Apartments Office Hotel 40 REVIEW OF OPERATIONS PORTFOLIO KEY FACTS AND FIGURES Mainland China Property Brief on Plaza 66, Shanghai Grand Gateway 66, Shanghai Properties Positioned as the Home to Luxury, the Located atop the metro station of the premium five-story mall is home to over 100 global Xuhui district, Grand Gateway 66 showcases prestigious luxury brands, including over 340 top labels and popular brands such as Louis Vuitton, Hermès, Chanel, Dior, Cartier Balenciaga, Chloé, Burberry, Gucci, Jimmy Choo, and more, with many brands making their Tiffany & Co., Zara, Starbucks Reserve Princi debuts on the Mainland or Asia there, Bakery Café and others to fit a contemporary including CELINE (Men’s store) and Pronovias. luxury demographic. The two office towers at Plaza 66 combine The office tower houses numerous world-class a prime location with top-notch design and corporations listed on Fortune Global 500 while premium facilities, attracting prominent the high-end serviced apartments offer more multinational and local corporations, than 600 suites with a luxurious array of private information technology companies and clubhouse facilities that have long been the fashion labels as tenants. residential choice for expatriate executives in global enterprises. Commercial Segment Distribution Commercial Segment Distribution (by Leased Floor Area) (by Leased Floor Area) % Fashion & Accessories % Food & Beverage % Lifestyle & Entertainment Others % % % % % Key Statistics Gross floor area 53,700 122,262 (sq.m.) 159,555 67,223 N/A 83,942 N/A N/A Number of car parking spaces 804 752 Occupancy rate 99% 91% (at year-end) 93% 96% N/A 88% Number of shopping 131 342 mall tenants (at year-end) Commercial Office Residential & Serviced Apartments Hotel Hang Lung Group Limited 41 Palace 66, Shenyang Forum 66, Shenyang Situated in the city’s financial hub, Palace 66 Located at the core commercial area in showcases over 240 popular brands that span Shenyang, Forum 66 is a luxury-led specialty across fashion, leisure & entertainment, beauty mall housing globally acclaimed labels like & cosmetics, food & beverage and more, acting Chanel, Cartier, Christian Louboutin, Valentino, as the nexus of the young and trendy Lanvin and Piaget, as well as cosmetics consumers. Tenants include Air Jordan, adidas, specialty store, boutique supermarket, upscale UNIQLO and more. cinema, global cuisine options and lifestyle services. The office tower is currently the tallest office building in northeast China, with numerous multinational corporation tenants under its belt. Being the first hotel in the Company’s portfolio on the Mainland, the newly opened five-star Conrad Shenyang resides on the top 19 floors of the office tower with 315 rooms. Commercial Segment Distribution Commercial Segment Distribution (by Leased Floor Area) (by Leased Floor Area) % % % % % % % % 109,307 101,960 N/A 131,723 N/A N/A N/A 60,222 844 2,001 95% 94% N/A 87% N/A N/A 245 145 2019 Annual Report 42 REVIEW OF OPERATIONS PORTFOLIO KEY FACTS AND FIGURES Mainland China Property Brief on Parc 66, Jinan Center 66, Wuxi Properties As one of the largest and most prestigious Located in the most prosperous commercial malls in Jinan, Parc 66 is a contemporary district in downtown Wuxi, the mall is the lifestyle hub offering over 350 stores of various “Center” of luxury featuring close to 200 quality genres, including global luxury, chic fashion, retail stores with a line-up of global luxury children’s education and amusement, upscale labels including Gucci, Burberry, Salvatore cinema, boutique supermarket and international Ferragamo, Montblanc and more, while the gourmet. two office towers at Center 66 are home to a number of multinational corporations looking for impeccable design and premium facilities. Commercial Segment Distribution Commercial Segment Distribution (by Leased Floor Area) (by Leased Floor Area) Fashion & Accessories % % % Food & Beverage % Lifestyle & Entertainment Others % % % Key Statistics % Gross floor area 171,074 118,066 (sq.m.) N/A 137,699 N/A N/A N/A N/A Number of car parking spaces 785 1,292 Occupancy rate 98% 95% (at year-end) N/A 65% N/A N/A Number of shopping 380 198 mall tenants (at year-end) Commercial Office Residential & Serviced Apartments Hotel Hang Lung Group Limited 43 Riverside 66, Tianjin Olympia 66, Dalian Strategically located in the heart of Tianjin’s At the commercial hub of Dalian, Olympia 66 Haihe Central Business District, Riverside 66 is features prestigious local and international the trend-setting lifestyle destination with over labels of fashion and accessories, jewelry and 250 international and local brands that offer a watches, beauty and digital products, as well as full-fledged modern consumer experience of a stunning array of global culinary delights, shopping, dining, leisure and entertainment. advanced international entertainment and leisure facilities, a dynamic family zone and an innovative range of sports sites. The mall also has an ice-skating rink and the city’s first Palace Cineplex cinema. Commercial Segment Distribution Commercial Segment Distribution (by Leased Floor Area) (by Leased Floor Area) % % % % % % % % 152,831 221,900 N/A N/A N/A N/A N/A N/A 800 1,214 89% 82% N/A N/A N/A N/A 256 327 2019 Annual Report 44 REVIEW OF OPERATIONS PORTFOLIO KEY FACTS AND FIGURES Mainland China Property Brief on Spring City 66, Kunming Properties As the Company’s first development project in the southwest region of mainland China opened in August 2019, Spring City 66 is home to a portfolio of prestigious international and local brands, offering a comprehensive suite of premium experiences in shopping, dining and entertainment. With accessible location and quality suite of facilities and services, the office tower sets the new benchmark for the city and is a preferred choice among multinational corporates and leading domestic firms like Ernst & Young, Schneider, Haitong Securities and others. Commercial Segment Distribution (by Leased Floor Area) Fashion & Accessories % Food & Beverage % Lifestyle & Entertainment Others % % Key Statistics Gross floor area 166,754 (sq.m.) 167,580 N/A N/A Number of car parking spaces 1,629 Occupancy rate 82% (at year-end) 13% N/A Number of shopping 228 mall tenants (at year-end) Commercial Office Residential & Serviced Apartments Hotel Hang Lung Group Limited 45 Hong Kong Property Brief on Fashion Walk Hang Lung Centre Properties Causeway Bay Causeway Bay Featuring numerous innovative concept stores Offering a wide range of travel, fashion and flagships of renowned global brands, wholesale and medical services, Hang Lung Fashion Walk is a distinctive shopping Centre, a key element of Fashion Walk, is a destination spanning three main local areas, retail and commercial complex enviably situated namely Paterson, Kingston and Food Street, at the heart of Causeway Bay. offering the latest trends in fashion, gastronomy and lifestyle in a magnificent setting. Commercial Segment Distribution Commercial Segment Distribution (by Leased Floor Area) (by Leased Floor Area) % Fashion & Accessories % Food & Beverage Leisure & Entertainment % (including Lifestyle) % Bank Department Store Others % Key Statistics % Gross floor area 31,072 8,777 (sq.m.) N/A 22,131 7,935 N/A Number of car parking spaces N/A 126 Occupancy rate 97% 100% (at year-end) N/A 89% 89% N/A Number of shopping 87 3 mall tenants (at year-end) Commercial Office Residential & Serviced Apartments 2019 Annual Report 46 REVIEW OF OPERATIONS PORTFOLIO KEY FACTS AND FIGURES Hong Kong Property Brief on Peak Galleria Kornhill Plaza Properties The Peak Quarry Bay Ideally located atop the famous attraction in Conveniently located in the east of Hong Kong Hong Kong, Victoria Peak, Peak Galleria is Island atop the MTR Tai Koo Station, Kornhill renowned as a major tourist landmark. Having Plaza is positioned as a community mall serving undergone a major facelift for two years, the nearby residents and workers with the largest mall has now reopened in August 2019 with a Japanese department store in Hong Kong, fresh new look and an enhanced tenant mix. AEON STYLE, with diversified food and beverage Welcoming over 40 new tenants, many making offerings, a cinema with 4DMX technology, and their Hong Kong debuts, including the world’s an all-in-one education hub. first Monopoly-themed pavilion, Monopoly Dreams Hong Kong, 37 Steakhouse & Bar and Mina House from Japan, Candylicious candy store from Singapore, and the popular Nayuki fruit tea and bakery café, Peak
Load more

Recommended publications
  • Hang Lung Properties Version 9 | Bloomberg: 101 HK EQUITY | Reuters: 101.HK Refer to Important Disclosures at the End of This Report
    China / Hong Kong Company Guide Hang Lung Properties Version 9 | Bloomberg: 101 HK EQUITY | Reuters: 101.HK Refer to important disclosures at the end of this report DBS Group Research . Equity 31 Jul 2019 BUY Retail sales growth gathering Last Traded Price ( 30 Jul 2019):HK$18.64 (HSI : 28,147) momentum Price Target 12-mth: HK$22.38 (20.1% upside) (Prev HK$20.35) BUY with HK$22.38 TP. The stock is trading at a 49% discount to Analyst our estimated current NAV and offers an attractive dividend yield Jeff YAU CFA, +852 36684180 [email protected] of 4.0% for FY19. Stellar tenants’ sales growth at its retail malls in Ian CHUI +852 36684174 [email protected] Jason LAM +852 36684179 [email protected] China augurs well for reversionary growth. Portfolio expansion and asset enhancement initiatives should provide additional What’s New momentum to drive rental income, offering better earnings quality • Improving retail tenants’ sales to underpin and in turn providing share price upside. HLP is among our preferred landlords. BUY with HK$22.38 TP. reversionary growth Portfolio expansion to lift rental income. The progressive opening • New properties to spice up rental earnings of new properties in Kunming, Wuhan, Wuxi, and Shenyang in • BUY with HK$22.38 TP 2019-20 should give an additional boost to Hang Lung Properties’ recurrent earnings growth, and its ability to raise dividends. Pre- leasing at Spring City 66 in Kunming is progressing smoothly, with Price Relative 88% of retail space already pre-committed. This mall is scheduled to open for business in late Aug.
    [Show full text]
  • Sustainable Development
    SUSTAINABLE DEVELOPMENT Hang Lung is committed to embedding an unwavering culture of sustainability across its business operations and value chain. In 2020, we joined efforts across borders to curb the impact of COVID-19 on our valued employees, customers, and communities. We also established a set of ambitious, long-term sustainability goals and targets to be achieved by 2030. Our key priority is to become a sustainability leader in the real estate industry over the next ten years and beyond. Reporting Approach and Standards greater detail. The sustainability report will follow the The Sustainable Development section of this report Global Reporting Initiative (GRI) Standards and the briefly summarizes the Company’s new sustainability “mandatory disclosure requirements” and “comply framework, goals, targets, and performance in 2020. and explain” provisions of the ESG Reporting Guide Our standalone Sustainability Report 2020 will disclose in Appendix 27 of the Listing Rules. our sustainability policies, metrics, and performance in s ion lat re y it n u S m a fe m , o g c CLIMATE RESOURCE r B Y d e RESILIENCE MANAGEMENT e U N n a n , I , L A a e D P c n n d M I a N h n O e r G a C e l v t h o y g , s p m SUSTAINABILITY a a c e LEADERSHIP e t g n o r t S SUSTAINABLE WELLBEING TRANSACTIONS CU R Coll STOME act aboration and imp Hang Lung Properties Limited 92 SUSTAINABLE DEVELOPMENT Sustainability Priorities, Goals, endorsed a new framework comprising four priorities.
    [Show full text]
  • Hang Lung Group Limited
    Hang Lung Group Limited STOCK CODE: 00010 Hang Lung Group Limited STOCK CODE: 00010 Hang Lung Properties Limited STOCK CODE: 00101 The annual reports of Hang Lung Group Limited (Stock Code: 00010) and Hang Lung Properties Limited (Stock Code: 00101) for the 2019 financial year both embody the Group’s Five Overarching Strategies that are integral in driving sustainable business development: Be Customer Centric, Build Hang Lung Branded Experience, Embrace Technology, Disciplined Execution and Uphold Hang Lung Core Values. The cover images of both reports feature a twinning effect that showcases our two major projects for 2019 – the newly opened Spring City 66 in Kunming, and Peak Galleria in Hong Kong, which was reopened following the completion of its Asset Enhancement Initiative. These are projects that underline the Group’s development strategy, both in mainland China and Hong Kong, and the cover designs highlight the symbiotic relationship between beautiful, unique architecture and the people who use it. World-class properties such as these, designed, built and managed by Hang Lung, show our Five Strategies in action, and enable the Group to fulfil and exceed customers’ expectations. The reports are exquisitely designed, and detail Hang Lung’s concerted effort to strive for excellence and create value for shareholders and stakeholders. CORPORATE PROFILE Hang Lung Group Limited (stock code: 00010) is one of the most established listed companies in Hong Kong with more than 50 years of experience in the property development market. Through Hang Lung Properties Limited (stock code: 00101), we have built a leading reputation as a top-tier property developer in Hong Kong and on the Mainland, with a recognized commitment to quality.
    [Show full text]
  • Hang Lung Properties Limited 2020 Annual Results
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. HANG LUNG PROPERTIES LIMITED (Incorporated in Hong Kong with limited liability) (Stock Code: 00101) 2020 ANNUAL RESULTS 2020 Annual Results CONTENTS Page Financial Highlights 1 Review of Operations 2 Consolidated Financial Statements 19 Notes to the Consolidated Financial Statements 23 Other Information 34 Glossary 36 2020 Annual Results FINANCIAL HIGHLIGHTS in HK$ Million (unless otherwise stated) RESULTS 2020 2019 Property Property Property Property Leasing Sales Total Leasing Sales Total Revenue 8,911 62 8,973 8,556 296 8,852 - Mainland China 5,277 - 5,277 4,544 - 4,544 - Hong Kong 3,634 62 3,696 4,012 296 4,308 Operating profit 6,437 44 6,481 6,325 162 6,487 - Mainland China 3,468 (8) 3,460 2,938 (2) 2,936 - Hong Kong 2,969 52 3,021 3,387 164 3,551 Underlying net profit attributable to shareholders 4,164 37 4,201 4,338 136 4,474 Net (decrease)/increase in fair value of properties attributable to shareholders (6,772) - (6,772) 1,698 - 1,698 Net (loss)/profit attributable to shareholders (2,608) 37 (2,571) 6,036 136 6,172 At December 31, At December 31, 2020 2019 Shareholders’ equity 138,295 138,669 Net assets attributable to shareholders per share (HK$) $30.7 $30.8 Earnings
    [Show full text]
  • New Projects Under Development
    REVIEW OF NEW PROJECTS UNDER OPERATIONS DEVELOPMENT The Company’s projects under development in mainland China are taking shape in prime locations across five cities, encompassing high-end malls, offices, apartments, and hotels. The two redevelopment projects in Hong Kong are on track. Mainland China Heartland 66, Wuhan This mixed-use development in the center of Wuhan is our largest project in terms of area under construction. It consists of a premier shopping mall, a Grade A office tower, and apartments for sale. Construction works are progressing well despite the COVID-19 outbreak. The office and mall received their occupancy permits in November 2020 and December 2020, respectively. Office tenants commenced their operations in December 2020, and the mall is scheduled to open in March 2021, with tenants lined up for around three-quarters of the leasable space. Efforts to recruit HOUSE 66 members are progressing to forge connections with affluent customers. Construction of the apartments is underway and is scheduled for completion, in stages, from the second half of 2022. Location Total gross floor area* Jinghan Avenue, Qiaokou District, Wuhan 308,528 square meters Main Usage Expected year of completion 2020 onwards *Including gross floor area above and below ground (excluding car park area) Commercial Office Apartments for Sale Hotel 71 2020 Annual Report REVIEW OF OPERATIONS NEW PROJECTS UNDER DEVELOPMENT Mainland China Center 66, Wuxi (Phase 2) Phase two of the development comprises three towers, two of which will be developed into luxury apartments for sale, and the other will be a hotel that complements Center 66’s existing two office towers and shopping mall.
    [Show full text]
  • We Do It Well HANG LUNG HANG LUNG GROUP LIMITED PROPERTIES LIMITED
    HANG LUNG PROPERTIES LIMITED STOCK CODE: 00101 Annual Report 2020 We Do It Well HANG LUNG HANG LUNG GROUP LIMITED PROPERTIES LIMITED STOCK CODE: 00010 STOCK CODE: 00101 Annual Report 2020 Annual Report 2020 We Do It Well We Do It Well 60 YEARS OF HERITAGE INFINITE POSSIBILITIES 2020 marked the 60th anniversary of Hang Lung Group. Driven by our customer-centric approach to architectural design and service excellence over the past six decades, we have built a thriving portfolio of world-class properties and an exceptionally talented workforce who live up to our core values of sustainability, excellence, openness and integrity. Our rich history is the inspiration behind this year’s theme of “60 Years of Heritage, Infinite Possibilities” – one you will find illustrated throughout the 2020 annual reports for Hang Lung Group Limited and Hang Lung Properties Limited. The number “60” and “∞” symbol featured on this year’s cover pages represent our properties’ unique aesthetic design in Hong Kong and mainland China. The former denotes the milestone anniversary of the Hang Lung Group while the latter represents the infinite possibilities that lie ahead in the next 60 years – a sentiment also reflected in the close connection between the “6” and “0” on the Hang Lung Group report cover. Inside the covers, photos depicting our world-class properties and talented people – the backbone of our 60 years of growth and success – are masterly incorporated throughout the pages of both reports. Linking up different sections are dividers themed on our core values, which are designed as icons that are inspired by the meaning of the values and our properties’ signature design features.
    [Show full text]
  • Press Release 新聞稿
    Press Release 新聞稿 For immediate release Precautionary Measures for Hang Lung Annual General Meetings on April 29 (Hong Kong, April 14, 2020) Hang Lung Properties Limited (stock code: 00101) and Hang Lung Group Limited (stock code: 00010) (collectively the “Companies”), will hold their Annual General Meetings (“AGMs”) on April 29, 2020 at 10:00am and 11:00am respectively at Conrad Hong Kong. In view of the COVID-19 pandemic and the measures undertaken by the Hong Kong government, and to safeguard the health and safety of our shareholders, the Companies strongly recommend shareholders to exercise their voting rights by appointing the Chairman of the AGM as their proxy to vote on the relevant resolutions at the AGM, as an alternative to attending in person. Physical attendance is not necessary for the purpose of exercising the voting rights. The deadline to submit completed proxy forms is Monday, April 27, 2020 at 10:00am and 11:00am for the shareholders of Hang Lung Properties and Hang Lung Group respectively. Completed proxy forms must be returned to the registered office of the Companies at 28th Floor, 4 Des Voeux Road Central, Hong Kong or the share registrar of the Companies, Computershare Hong Kong Investor Services Limited at 17M Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong. The Companies will implement the following precautionary measures at both AGMs to protect the health and safety of attending shareholders: Compulsory body temperature checks and health declarations; Shareholders should bring and wear their own face masks throughout the meeting; Seating at the AGM will be arranged so as to reduce interaction between participants.
    [Show full text]
  • Mainland China Property Leasing
    REVIEW OF OPERATIONS 49 MAINLAND CHINA PROPERTY LEASING Our Mainland portfolio recorded sequential growth in both retail sales and revenue, mainly resulting from strong luxury spending and new revenue streams from properties commencing operations in the reporting year. Market Landscape Business Overview Despite slowing national GDP growth and broader The sequential growth in retail sales and revenue of market uncertainties due to the ongoing US-China our mainland China portfolio in 2019 was largely due trade dispute, the commercial leasing sector in to the strategic positioning and continuing expansion mainland China had seen strong growth, largely of our properties across the nation. The brand value attributable to the repatriation of spending, especially and emphasis on customer-centricity, service on high-end luxury items. Efforts on the part of excellence, and relationship building has further international luxury brands to narrow the price gap strengthened the positioning of our developments. In between products sold on the Mainland and overseas, our malls, the focus on deepening tenant engagement the depreciation of the Renminbi, and favorable central and customer loyalty through marketing initiatives and government policies, including a reduction in import the introduction of HOUSE 66, our Customer duties, tightening of customs controls at points-of- Relationship Management (CRM) program, to a total of entry, and the enactment of an e-commerce law to six projects in the year served as a significant pull combat parallel imports, have contributed to the rise in factor in attracting interest from new quality brands the domestic consumption of luxury goods. and promoting expansions from our existing tenants.
    [Show full text]
  • Hang Lung Properties Version 10 | Bloomberg: 101 HK EQUITY | Reuters: 101.HK Refer to Important Disclosures at the End of This Report
    China / Hong Kong Company Guide Hang Lung Properties Version 10 | Bloomberg: 101 HK EQUITY | Reuters: 101.HK Refer to important disclosures at the end of this report DBS Group Research . Equity 22 Jan 2020 BUY Higher dividend signals positive earnings Last Traded Price ( 21 Jan 2020):HK$18.24 (HSI : 27,985) outlook Price Target 12-mth: HK$21.66 (18.8% upside) BUY with HK$21.66 TP. The stock is trading at a 50% discount to Analyst Jeff YAU CFA, +852 36684180 [email protected] our estimated current NAV and offers an attractive dividend yield of Ian CHUI CFA, +852 36684174 [email protected] 4.2% for FY20. The company’s retail mall operations in China are Jason LAM +852 36684179 [email protected] going from strength to strength. Improving tenants’ sales growth at What’s New its retail malls in China augurs well for reversionary growth and retail turnover rents. Portfolio expansion should provide additional • FY19 underlying profit grew 9%, 4% ahead of momentum to drive rental income, offering better earnings quality our forecast and in turn supporting share price upside. Maintain BUY with • Final DPS was up 2% to HK$0.59, a positive HK$21.66 TP. surprise Continued healthy retail sales growth translating into sequential • Healthy retail sales growth from China retail rental income improvement. Despite a higher comparison base, properties, coupled with portfolio expansion, retail sales at Shanghai Plaza 66 grew 21% in FY19. Retail malls supports higher rental income in China outside Shanghai posted favourable growth in tenants’ sales. In particular, retail sales at Shenyang Palace 66, Wuxi Center 66, and • Maintain BUY with HK$21.66 TP Dalian Olympia 66 jumped 20-29% y-o-y.
    [Show full text]
  • 2018 Annual Report
    Building a Sustainable Future ANNUAL REPORT 2018 HANG LUNG GROUP LIMITED STOCK CODE: 00010 Building a Sustainable Future Hang Lung is committed to building a sustainable business model with two of its integral elements – “hardware” and “software”. The twin covers of the 2018 Annual Reports of Hang Lung Group (stock code: 00010) and Hang Lung Properties (stock code: 00101) highlight our unparalleled “hardware”– the unique architectural and design features of our world-class properties. These outstanding qualities are the essential complement to the disciplined execution of acquiring prized sites ideal for properties developed to the highest standards. Meanwhile, companion sections in the annual reports focus on our exceptional “software” – customer service, shopping experience, corporate governance, social responsibility and sustainability initiatives. Excellence in these areas is key to our customer-centric strategy that gives the highest priority to putting people first. Palace 66 Riverside 66 Forum 66 Grand Parc 66 Shenyang Tianjin Shenyang Gateway 66 Jinan Shanghai We Do It Right We Do It Right is a business philosophy that extends As Hang Lung’s business continues to grow, beyond our core business and embraces the initiatives we will continue to maintain our high standards we undertake on behalf of our staff, the community in order to become a highly admired national and the environment. We believe this is fundamental commercial property developer in Hong Kong and to our success and helps us win the trust of our on the Mainland. stakeholders. In this annual report we describe the progress we have made during the year, using meaningful metaphors to signify our efforts to create unmatched value for our cherished shareholders, tenants and customers.
    [Show full text]
  • Hang Lung Group Limited Stock Code : 00010 Overview HANG LUNG GROUP LIMITED
    Hang Lung Group Limited Stock Code : 00010 Overview HANG LUNG GROUP LIMITED CONTENTS 3 About this Report 4 Message from our Chief Executive Officer 5 Sustainability At-a-Glance 2020 8 Journey towards Leadership 10 About Hang Lung Group 12 Sustainability Governance 21 Climate Resilience 27 Resource Management 34 Wellbeing 46 Sustainable Transactions 55 Memberships and Charters 56 Performance Tables 64 Independent Assurance Opinion Statement 67 Independent Practitioner’s Assurance Report for Green Bonds and Green Loans 70 Content Indices for Reporting Guidelines Stock Code 00010 Registered office 28th Floor, Standard Chartered Bank Building, 4 Des Voeux Road Central, Hong Kong Tel +852 2879 0111 Email [email protected] Web www.hanglunggroup.com Report www.hanglung.com/group/sustainability © Hang Lung Group Limited 2021 If there is any discrepancy or inconsistency between the English and the Chinese versions, the English version shall prevail. 1 Sustainability Report 2020 Overview HANG LUNG GROUP LIMITED Our Vision We create compelling spaces that enrich lives Our Mission We pursue sustainable growth by connecting our customers and communities Our Values We live up to our brand motto of We Do It Well by focusing on Integrity Sustainability Excellence Openness 2 Sustainability Report 2020 Overview HANG LUNG GROUP LIMITED About this Report This is the fourth sustainability report (the “Report”) for Hang Lung Group Limited (Hang Lung Group, stock code: 00010) and its subsidiaries (collectively known as “Hang Lung” or “the Group”), including Hang Lung Properties Limited (Hang Lung Properties, stock code: 00101). Hang Lung Group produced and issued this Report to disclose information transparently the Group’s material sustainability topics from January 1, 2020 to December 31, 2020, unless otherwise specified, so our stakeholders can fully understand our impacts.
    [Show full text]
  • HLG & HLP Publish Annual Reports
    For immediate release Chairman Ronnie Chan Details Mainland Strategy in New Annual Reports Themed “Expanding Horizons” and “Soaring Perspectives” (Hong Kong, March 14, 2012) Hang Lung Group Limited (HKSE stock code: 10) and Hang Lung Properties Limited (HKSE stock code: 101) today published their annual reports for the financial year of 2011 following their change of financial year-end from June 30 to December 31. As such, the reports only cover a six-month period from July 1, 2011 to December 31, 2011. In the reports entitled “Expanding Horizons” and “Soaring Perspectives”, Mr Ronnie C. Chan, Chairman of Hang Lung Group Limited and Hang Lung Properties Limited, has elaborated on the critical moves that were taken over the past six months, including but not limited to the acquisition of a prime site in Kunming that enables the companies to extend their presence into the southwestern part of mainland China. Mr Chan has also unveiled the strategic initiatives that are being planned and taken by the companies in the light of the changing market landscape, in particular developing mix-use projects and the treatment of residential elements in their mainland project portfolio, which should represent a new area of value creation. He is confident of the companies’ prospects as they are well-positioned to grasp development opportunities and meet the challenges ahead. Page 1 of 5 With the forthcoming opening of the first phase of Forum 66 in the fourth quarter of 2012, another world-class shopping center is set to create a brand new shopping experience for customers seeking quality lifestyle in Shenyang and the surrounding neighborhood.
    [Show full text]