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Hysan Development Company Limited • Annual Report 2001 1 a Distinctive Neighbourhood in Causeway Bay –
ANNUAL REPORT 2001 INVESTING FOR THE FUTURE: CONTENTS FUNDAMENTALS STRENGTHENED 4 Highlights 2001 Inspired by the classic chambered nautilus, the logo of our flagship Lee Gardens reflects 5 Chairman’s Statement the notion of strong foundations. The vitality of the spiralling design symbolises our vision 16 Operating and Financial Review to move forward to a dynamic future. A spirit not only true for the Lee Gardens, 22 Principal Investment Properties but also for our entire portfolio. A distinctive neighbourhood in Causeway Bay – 24 Report of the Valuer to work, shop and enjoy. 25 Schedule of Principal Properties 26 Our People 28 Directors, Officers and Advisers 34 Corporate Governance 40 Directors’ Report 44 Auditors’ Report 45 Consolidated Income Statement 46 Consolidated Balance Sheet 48 Balance Sheet 49 Consolidated Statement of Recognised Gains and Losses 50 Consolidated Cash Flow Statement 52 Notes to the Financial Statements 84 Five-Year Financial Summary 86 Notice of Annual General Meeting Inside back cover Shareholder Information With origins of some 450 million years, the spirally coiled, chambered nautilus has fascinated naturalists, mathematicians and physicists for years. Back cover Lee Gardens shopping centre Mission Hysan Development is committed to building and owning quality buildings, and being the occupier’s partner of choice in the provision of real estate accommodation and services, thereby delivering attractive and sustainable returns to shareholders. Year 2001 has been challenging, but rewarding for the Company strategically. -
Recommended District Council Constituency Areas
District : Wan Chai Recommended District Council Constituency Areas +/- % of Population Estimated Quota Code Recommended Name Boundary Description Major Estates/Areas Population (17,275) B01 Hennessy 13,029 -24.58 N District Boundary 1. CAUSEWAY CENTRE 2. KIN LEE BUILDING NE Tonnochy Road E Fleming Road, Gloucester Road Hennessy Road, Stewart Road Thomson Road SE Bullock Lane, Queen's Road East Wan Chai Road S Kat On Street, Kennedy Road Kennedy Street, Stone Nullah Lane SW Cross Street, Johnston Road Queen's Road East, Spring Garden Lane Wan Chai Road W Gloucester Road, O'brien Road NW Expo Drive East, Fleming Road Gloucester Road B1 District : Wan Chai Recommended District Council Constituency Areas +/- % of Population Estimated Quota Code Recommended Name Boundary Description Major Estates/Areas Population (17,275) B02 Oi Kwan 13,178 -23.72 N Marsh Road, District Boundary 1. MAN ON HOUSE 2. TONNOCHY TOWER NE Marsh Road 3. OI KWAN COURT E Hennessy Road, Marsh Road 4. HUNG YIP BUILDING Morrison Hill Road, Tin Lok Lane 5. KWONG SANG HONG BUILDING BLOCK A SE Morrison Hill Road 6. KWONG SANG HONG BUILDING S Hau Tak Lane, Queen's Road East BLOCK C&D Stubbs Road SW Bullock Lane, Fleming Road, Wan Chai Road W Gloucester Road, Hennessy Road Stewart Road, Thomson Road NW Tonnochy Road, District Boundary B2 District : Wan Chai Recommended District Council Constituency Areas +/- % of Population Estimated Quota Code Recommended Name Boundary Description Major Estates/Areas Population (17,275) B03 Canal Road 14,930 -13.57 N District Boundary 1. ELIZABETH HOUSE 2. LOCKHART HOUSE NE District Boundary 3. -
TRAFFIC ADVICE Temporary Traffic and Transport Arrangements in Causeway
TRAFFIC ADVICE Temporary Traffic and Transport Arrangements in Causeway Bay Motorists are advised that to facilitate emergency waterworks, the following temporary traffic and transport arrangements will be implemented from 6.00 am on 21 February 2021 to 6.00 am on 22 February 2021: I. Temporary Traffic Arrangements (a) Road Closure The section of Yee Wo Street westbound between Pennington Street and Hennessy Road will be temporarily closed to all vehicular traffic. (b) Traffic Diversion Affected vehicles heading for Hennessy Road westbound via Yee Wo Street will be diverted via Jardine’s Bazaar. II. Public Transport Arrangements (a) Bus Diversion The following buses will be temporarily diverted: Routes Direction Bus Diversion NWFB 2A, 2X,8, 8P, N8 To Wan Chai via Hing Fat Street, Victoria Park Road, Gloucester Road westbound, Tonnochy Road flyover and Fleming Road. CTB 5B, 5X, N8X To Kennedy Town via Leighton Road, Morrison Hill Road, Tin Lok Lane and Hennessy CTB 11 To Central (Ferry Piers) Road westbound. NWFB 23 To Pokfield Road NWFB 26 To Hollywood Road XHT 914 To Hoi Lai Estate XHT 930X, N930 To Tsuen Wan (Discovery Park) XHT 948 To Tsing Yi (Cheung On Estate) XHT 962B, 962N To Tuen Mun (Chi Lok Fa Yuen) XHT 962X, N962 To Tuen Mun (Lung Mun Oasis) XHT 969, N969 To Tin Shui Wai Town Centre CTB E11, E11A To AsiaWorld-Expo XHT N619 To Central (Macau Ferry) XHT N680 To Kam Ying Court CTB 25A To Wan Chai North Via Gloucester Road, Tonnochy Road Flyover, Harbourd Road and Fleming Road. NWFB 38 To Chi Fu Fa Yuen Via Hing Fat Street, Victoria Park Road, Gloucester Road westbound, NWFB 42 To Wah Fu (South) Percival Street, Leighton Road and Morrison Hill Road. -
Transport Department Notice
Transport Department Notice Special Traffi c and Transport Arrangements for Religious Event “Citywide Renewal – The Global Day of Prayer 2009” held at Hong Kong Stadium and Public Procession on Hong Kong Island on 31 May 2009 Notice is hereby given that the following special traffic and transport arrangements will be (l) the slow lane of Hennessy Road westbound west of Lee Garden Road, Queensway implemented on Sunday, 31 May 2009 to facilitate: westbound and Queen’s Road Central westbound east of Ice House Street will be intermittently close. (i) religious event “Citywide Renewal – The Global Day of Prayer 2009” held at Hong Kong Stadium from 3 pm to 6.15 pm; and 2. Traffi c diversion (ii) public procession from Victoria Park to Central Government Offi ces from about 3.15 pm to about 6 pm. The following traffi c diversion will be implemented until crowd is dispersed and road closures are uplifted: (I) SPECIAL TRAFFIC ARRANGEMENTS (a) Traffic along Causeway Bay flyover southbound will be diverted to turn right onto A. Road Closures and Traffi c Diversion Gloucester Road service road; (b) Traffi c along Great George Street eastbound will be diverted to turn left onto Gloucester (i) From about 1.00 pm onwards and as necessary for the arrival phase of Hong Kong Road northbound; Stadium (c) Traffic along Yee Wo Street eastbound will be prohibited from turning left onto Sugar Street; 1. Road closures (d) Traffi c along Irving Street will be diverted to turn right onto Pennington Street northbound; (e) Traffic along Pennington Street northbound will be prohibited from turning left onto The following roads will be temporarily closed to all vehicular traffi c: Jardine’s Bazaar; (f) Traffi c along Pennington Street northbound will be diverted to turn right onto Yee Wo Street (a) Caroline Hill Road between its eastern junction with Leighton Road and Cotton Path, eastbound; and except for vehicles to St. -
Ready for Take-Off
Construction & real estate / Hong Kong 11 January 2012 Hysan Development Target price: HK$35.20 Up/downside: +35.1% 14 HK | HYSNY US Share price (9 Jan): HK$26.05 Initiation: ready for take-off • Hysan has one of the best pure retail portfolios in Asia and its potential is just starting to emerge • We believe the company is poised for a take-off in earnings and dividend growth, which could last for several years • It offers both growth and defensive appeal; coverage initiated with a Buy rating How do we justify our view? over 3x more than Hysan’s current Risks. We see the main risk as a share price, in three years’ time. We decline in Mainland visitors to Hong apply a 40% discount to our end- Kong. In addition, we believe good 2012E NAV to derive our six-month execution is required to bring out the target price of HK$35.2, implying 35% full potential of Hysan’s portfolio. Jonas Kan, CFA upside potential. (852) 2848 4439 Share price performance [email protected] Catalysts. The opening of Hysan (HK$) (%) Yannis Kuo Place, scheduled in mid-2012, is a 44 110 (852) 2773 8735 38 100 [email protected] strong potential catalyst, and also one whose significance we believe extends 32 90 Alex Ye beyond driving net-profit growth of 26 80 (852) 2848 4471 21.8% for 2012E and 23% YoY for 20 70 [email protected] Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 2013E. We think Hysan’s retail and Hysan Development (LHS) Relative to HSI (RHS) office portfolio and also Causeway Bay Investment case. -
Recommended District Council Constituency Areas
District : Wan Chai Recommended District Council Constituency Areas +/- % of Population Estimated Quota Code Recommended Name Boundary Description Major Estates/Areas Population (17,282) B01 Hennessy 14,097 -18.43 N District Boundary 1. CAUSEWAY CENTRE 2. KIN LEE BUILDING NE Tonnochy Road 3. THE ZENITH (PART) : E Gloucester Road, Stewart Road Block 1 Hennessy Road, Thomson Road Fleming Road SE Bullock Lane, Queen's Road East Wan Chai Road S Kennedy Road, Kennedy Street Kat On Street, Stone Nullah Lane SW Cross Street, Johnston Road Queen's Road East, Spring Garden Lane Wan Chai Road W Spring Garden Lane, Johnston Road O'brien Road, Hennessy Road Gloucester Road NW Gloucester Road, Fleming Road Expo Drive East B1 District : Wan Chai Recommended District Council Constituency Areas +/- % of Population Estimated Quota Code Recommended Name Boundary Description Major Estates/Areas Population (17,282) B02 Oi Kwan 15,114 -12.54 N Marsh Road, District Boundary 1. HUNG YIP BUILDING 2. KWONG SANG HONG BUILDING NE Marsh Road BLOCK A E Marsh Road, Hennessy Road, Tin Lok Lane 3. KWONG SANG HONG BUILDING BLOCK C&D Morrison Hill Road 4. MAN ON HOUSE SE Wong Nai Chung Gap Flyover 5. OI KWAN COURT Wong Nai Chung Road 6. TONNOCHY TOWER S Hau Tak Lane, Stubbs Road Queen's Road East SW Bullock Lane, Wan Chai Road, Fleming Road W Hennessy Road, Thomson Road Stewart Road, Gloucester Road NW Tonnochy Road, District Boundary B03 Canal Road 15,912 -7.93 N District Boundary 1. ELIZABETH HOUSE 2. LOCKHART HOUSE NE District Boundary, Hung Hing Road 3. -
The Hysan Community – Our Investment Property Portfolio
30 The Hysan Community – Our Investment Property Portfolio Our investment property portfolio totals some 4.5 million gross square feet of high quality office, retail and residential space in Hong Kong. This includes Sunning Plaza and Sunning Court, which are currently under redevelopment. SOGO CROSS HARBOUR Grade “A” Residential TUNNEL Ofces HENNESSY ROAD Lee Gardens Lee Theatre HYSAN PLACE Retail Hub Retail Hub BAMBOO GROVE Hysan Place PERCIVAL STREET Mid-Levels NORTH YUN PING ROAD POINT LEE GARDEN ROAD CENTRAL LEE GARDENS TWO/ CAROLINE THE LEE GARDENS/ CENTRE LEE GARDENS ONE Times Square LEE THEATRE 18 HYSAN PLAZA AVENUE ONE HYSAN AVENUE LEIGHTON CENTRE HYSAN AVENUE 111 Under LEIGHTON redevelopment ROAD LEIGHTON ROAD ABERDEEN TUNNEL Not to scale OFFICE RETAIL Our office portfolio’s Grade “A” offices provide a core location Hysan Place is the hip and trendy home of a number of major with premium facilities and prestige for tenants and their clients. flagship stores. The Lee Gardens hub provides elegant and luxury Our Grade “A” office positioning has been strengthened by premium retail spaces for high-end brands. The Lee Theatre hub Hysan Place’s world-class building specifications. Other office is home to urban fashion and lifestyle shops, as well as buildings offer quality office space for tenants’ diversified use. renowned restaurants. 31 HYSAN PLACE LEE THEATRE PLAZA OVERVIEW 500 Hennessy Road, Causeway Bay 99 Percival Street, Causeway Bay Hysan Place includes 15 floors of Grade “A” Like its predecessor, Lee Theatre, the Lee offices and 17 floors of retail outlets. Theatre Plaza is a Hong Kong landmark, Situated at the northern gateway of Hysan’s being one of the city’s best known shopping portfolio, Hysan Place offers full harbour view and dining complexes, housing many stylish offices, a shopping mall of exciting tenant and chic international fashion and lifestyle mix and green building features that conform brands as well as restaurants. -
Study on Pedestrian Subways and Related Traffic Improvement Measures in Causeway Bay
TD 181/2008 Study on Pedestrian Subways and Related Traffic Improvement Measures in Causeway Bay Executive Summary September 2010 AECOM Asia Co. Ltd. TD 181/2008 Study on Pedestrian Subways and Related Traffic Improvement Measures in Causeway Bay Executive Summary September 2010 TD 181/2008 Study on Pedestrian Subways and Related Executive Summary Traffic Improvement Measures in Causeway Bay TD 181/2008 Study on Pedestrian Subways and Related Traffic Improvement Measures in Causeway Bay Executive Summary CONTENT PAGE 1 INTRODUCTION 1 1.1 Background 1 1.2 The Study 1 2 TRAFFIC AND TRANSPORT REVIEW IN THE STUDY AREA 1 2.1 Existing Road and Pedestrian Network 1 2.2 Existing Pedestrian Traffic Condition 2 2.3 Future Pedestrian Traffic Condition 2 2.4 Improvement Opportunities 3 3 VIABILITY STUDY AND SCHEMATIC DESIGN FOR PEDESTRIAN SUBWAY 3 3.1 Preliminary Alignment(s) and Proposed Layout 3 3.2 Connectivity 6 3.3 Facilities and Beautification Schemes 6 3.4 Pedestrian Forecast in Subway 7 3.5 Issues to be Further Examined 7 3.6 Further Study and Consultation 7 DRAWINGS Drawing No. 2.1 Study Area Drawing No. 3.1 Pedestrian Subway Options Investigated Drawing No. 3.2 Preliminary Pedestrian Subway Layout with Implementation Arrangement i Executive Summary September 2010 TD 181/2008 Study on Pedestrian Subways and Related Executive Summary Traffic Improvement Measures in Causeway Bay 1 INTRODUCTION 1.1 Background 1.1.1 Causeway Bay is a popular shopping/entertainment area in Hong Kong. Despite heavy local and through traffic, it is always crowded with shoppers and tourists. -
Agreement No. TD 152/2012 Traffic Study for Causeway Bay West Executive Summary
Agreement No. TD 152/2012 Traffic Study for Causeway Bay West Executive Summary August 2014 TD 152/2012 Executive Summary Traffic Study for Causeway Bay West Agreement No. TD 152/2012 Traffic Study for Causeway Bay West Executive Summary Content Page 1 INTRODUCTION ................................................................................................. 1 2 STUDY OBJECTIVES ......................................................................................... 1 3 STUDY APPROACH............................................................................................ 2 4 STUDY AREA ...................................................................................................... 2 5 EXISTING MAJOR TRAFFIC ISSUES ................................................................. 2 6 TRAFFIC SURVEY .............................................................................................. 2 7 BASE YEAR JUNCTION CAPACITY ASSESSMENT ......................................... 2 8 BASE YEAR PEDESTRIAN TRAFFIC CONDITION ............................................ 3 9 SHORT-TERM TRAFFIC IMPROVEMENT MEASURES ..................................... 3 10 FUTURE TRAFFIC AND PEDESTRIAN CONDITIONS ....................................... 4 11 LONG-TERM TRAFFIC IMPROVEMENT MEASURES ....................................... 4 12 WAY FORWARD ................................................................................................. 4 Executive Summary August 2014 TD 152/2012 Executive Summary Traffic Study for Causeway Bay West 1 INTRODUCTION -
Special Traffic and Transport Arrangements for a Football Match at the Hong Kong Stadium on 26 June 2021
TRANSPORT DEPARTMENT NOTICE Special Traffic and Transport Arrangements for a Football Match at the Hong Kong Stadium on 26 June 2021 Notice is hereby given that to facilitate the holding of a football match at the Hong Kong Stadium, the following special traffic and transport arrangements will be implemented in So Kon Po and Causeway Bay on 26 June 2021 (Saturday): A. Traffic arrangements I. For the commencement of the event Subject to the actual situation, the following traffic arrangements will be implemented from about 1.00 pm onwards: (a) Road closure The following roads will be closed to all vehicular traffic: (i) The section of Caroline Hill Road between Pennington Street and Cotton Path; (ii) The section of Hysan Avenue westbound between Sunning Road and Hoi Ping Road; and (iii) The section of Lee Garden Road between Lan Fong Road and Hysan Avenue (except green minibuses). (b) Traffic diversion (i) The section of Caroline Hill Road between its western junction with Leighton Road and Stadium Path will be re-routed as one-way southbound; (ii) The section of Eastern Hospital Road between Stadium Path and Tung Lo Wan Road will be re-routed as one-way northbound; (iii) The northbound traffic lane of Caroline Hill Road between its western junction with Leighton Road and Link Road will be converted to southbound traffic lane for vehicles to enter Caroline Hill Road from Hoi Ping Road; (iv) Vehicles on Link Road northbound downhill to Caroline Hill Road northbound will be diverted onto Leighton Road westbound; (v) The section of Hysan -
Tradition Meets Modernity
THE INTERNATIONAL LIGHT RAIL MAGAZINE www.lrta.org www.tautonline.com JUNE 2015 NO. 930 HONG KONG: TRADITION MEETS MODERNITY Debunking the myths around stray current Dallas opens wire-free streetcar line Toshiba’s battery tram technology Tube expands new revenue streams ISSN 1460-8324 £4.25 Boston SMILE! 06 How snow brought UITP on reasserting a city to a standstill rail’s role in the city 9 771460 832043 LAST CHANCE TO BOOK 2015 INTEGRATION AND GLOBALISATION Nottingham Conference Centre, UK: June 17-18 2015 The tenth edition of the UK Light Rail Conference returns to Nottingham and promises to be the biggest and best yet. From planning and finance debates through to presentations on light rail construction, regulation and operation, the Conference brings you together with key industry players, whether attending as a delegate or exhibitor. Nowhere else can you join 300 light rail decision-makers to debate the burning issues of the day. • Unrivalled networking opportunities • Over 70 leading speakers and panelists • Biggest ever exhibition area • Technical tour of Nottingham Express Transit • Networking dinner hosted by international transport operator Keolis Download the schedule at www.mainspring.co.uk/events SUPPORTED BY CONTENTS The official journal of the Light Rail Transit Association JUNE 2015 Vol. 78 No. 930 www.tramnews.net EDITORIAL EDITOR Simon Johnston Tel: +44 (0)1733 367601 E-mail: [email protected] 13 Orton Enterprise Centre, Bakewell Road, Peterborough PE2 6XU, UK ASSOCIATE EDITOR 220 Tony Streeter E-mail: [email protected] WORLDWIDE EDITOR Michael Taplin Flat 1, 10 Hope Road, Shanklin, Isle of Wight PO37 6EA, UK. -
District : Wan Chai
District : Wan Chai Recommended District Council Constituency Areas +/- % of Population Projected Quota Code Recommended Name Boundary Description Major Estates/Areas Population (16 599) B01 Hennessy 12 777 -23.03 N District Boundary 1. CAUSEWAY CENTRE 2. ONE WANCHAI NE Tonnochy Road 3. KIN LEE BUILDING E Gloucester Road, Stewart Road 4. THE ZENITH (PART) : Block 1 SE Hennessy Road S Bullock Lane, Fleming Road Kat On Street, Kennedy Road Kennedy Street, Queen's Road East Stone Nullah Lane, Thomson Road Wan Chai Road SW Cross Street, Johnston Road O'brien Road, Spring Garden Lane Wan Chai Road W Gloucester Road NW Expo Drive East, Fleming Road B 1 District : Wan Chai Recommended District Council Constituency Areas +/- % of Population Projected Quota Code Recommended Name Boundary Description Major Estates/Areas Population (16 599) B02 Oi Kwan 12 509 -24.64 N Marsh Road 1. HUNG YIP BUILDING 2. KWONG SANG HONG BUILDING NE Marsh Road 3. MAN ON HOUSE E Hennessy Road, Marsh Road 4. OI KWAN COURT 5. TONNOCHY TOWERS SE Bowrington Road, Canal Road West 6. YUE KING BUILDING Cheung Woo Lane, Morrison Hill Road Sharp Street West, Tin Lok Lane Wong Nai Chung Gap Flyover Wong Nai Chung Road S Hau Tak Lane, Queen's Road East Stubbs Road SW Bullock Lane, Fleming Road, Wan Chai Road W Gloucester Road, Hennessy Road Stewart Road, Thomson Road NW District Boundary, Tonnochy Road B 2 District : Wan Chai Recommended District Council Constituency Areas +/- % of Population Projected Quota Code Recommended Name Boundary Description Major Estates/Areas Population (16 599) B03 Canal Road 12 512 -24.62 N District Boundary 1.