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HENDERSON LAND 2001 ANNUAL REPORT Development Projects Completed The following development projects were completed during the financial year: Gross Group’s Interest Site Floor Gross Floor Area Area Area Location (sq.ft.) (sq.ft.) Purpose (%) (sq.ft.) HONG KONG 1 3 Seymour Road 17,636 185,295 Commercial/ 63.35 117,384 (Palatial Crest) Residential 2 117 Caine Road 12,595 101,890 Residential 50.00 50,945 Mid-Levels Hong Kong (Casa Bella) 3 8 Hung Lai Road 162,246 1,478,552 Residential/ 50.00 739,276 (Kowloon Inland Serviced Lot No. 11084) Apartment Palatial Crest, Mid-Levels (Royal Peninsula) 14 4 28 Ma Tau Kok Road 20,000 183,344 Commercial/ 80.00 146,675 (Metropolitan Rise) Residential REVIEW OF OPERA 5 579 Nathan Road 2,205 26,615 Commercial 100.00 26,615 (579 Nathan Road) 6 1 Tuen On Lane, 288,197 276,127 Residential 75.01 207,123 Tuen Mun TIONS Located at Mid-Levels on (Tuen Mun Town Lot No. 377 R.P.) Hong Kong Island, this 63.35%-owned commercial- (Parkland Villas – cum-residential Blocks 7 to 9) development project has a total G.F.A of approx. 1,288,018 185,000 sq.ft. and 102 carparking spaces that were completed in late 2000. HENDERSON LAND 2001 ANNUAL REPORT Development Projects Completed (c ont’d) Gross Group’s Interest Site Floor Gross Floor Area Area Area Location (sq.ft.) (sq.ft.) Purpose (%) (sq.ft.) THE PEOPLE’S REPUBLIC OF CHINA 1 Lot HR-2 256,549 2,244,681 Retail/ 58.53 1,313,812 Li Wan District Residential/ Guangzhou Carparks (Metro Line One – Changshou Road Station) (Heng Bao Garden) 2 Phase VII of 898,758 1,133,763 Retail/ 14.63 165,870 Lexi New City, Residential/ Shajiao Island, Carparks/ Panyu, Guangdong Club (Fanghua Garden Heng Bao Garden, Liwan District, Guangzhou – Luotao Villa) 1,479,682 15 TIONS Total G.F.A. : Approx. REVIEW OF OPERA 2,245,000 sq.ft.; 58.53% Owned by Group. Situates above the Guangzhou Metro Line One - Changshou Road Station, this large-scale development project was completed in June 2001 with 7 residential towers on a 5-storey podium that consists of shopping and carparking facilities. The lower photo shows purchasers at the project’s pre-sale launch earlier in the year. HENDERSON LAND 2001 ANNUAL REPORT Projects under Pre-sale/Sale The Group has commenced pre-sale or sale of the following development projects which are under construction or have recently been completed: Completion Date or Site Gross Group’s Expected Area Floor Area Interest Development Completion Location (sq.ft.) (sq.ft.) Purpose (%) Progress Date HONG KONG 1 3 Seymour Road 17,636 185,295 Commercial/ 63.35 Completed December (Palatial Crest) Residential 2000 2 117 Caine Road 12,595 101,890 Residential 50.00 Completed March Mid-Levels 2001 Hong Kong (Casa Bella) 3 8 Hung Lai Road 162,246 1,478,552 Residential/ 50.00 Completed December (Kowloon Inland Serviced 2000 Casa Bella, Mid-Levels Lot No. 11084) Apartment (Royal Peninsula) 16 4 28 Ma Tau Kok Road 20,000 183,344 Commercial/ 80.00 Completed April REVIEW OF OPERA (Metropolitan Rise) Residential 2001 5 1-98 King’s Park Hill Road 168,392 241,113 Residential 61.00 Completed January (King’s Park Hill) 2000 6 108 Castle Peak Road 2,129 16,133 Commercial/ 100.00 Superstructure February (Wealth House) Residential in progress 2002 TIONS 7 28 Lo Fai Road, 283,200 226,561 Residential 100.00 Completed March Tai Po 1999 This 50%-owned project of (Casa Marina I) the Group is a 32-storey high rise residential tower that 8 1 Tuen On Lane, 228,197 276,127 Residential 75.01 Completed October provides 124 units with a total G.F.A. approx. 102,000 Tuen Mun 2000 sq.ft.. It was completed in (Tuen Mun Town March 2001. Lot No. 377 R.P.) (Parkland Villas – Blocks 7 to 9) 9 1 Lo Ping Road, 228,154 182,500 Residential 100.00 Completed May Tai Po 2000 (Casa Marina II) HENDERSON LAND 2001 ANNUAL REPORT Projects under Pre-sale/Sale (c ont’d) Completion Date or Site Gross Group’s Expected Area Floor Area Interest Development Completion Location (sq.ft.) (sq.ft.) Purpose (%) Progress Date THE PEOPLE’S REPUBLIC OF CHINA 1 Lot HR-2 256,549 1,227,527 Residential 58.53 Completed June Li Wan District 2001 Guangzhou (Metro Line One – Changshou Road Station) (Heng Bao Garden) 2 Phase VIII of 1,689,145 2,576,058 Retail/ 14.63 Interior December Lexi New City, Residential/ furnishing 2001 Shajiao Island, Carparks/ Lexi New City, Phase VII, Shajiao Island, Panyu Panyu, Guangdong Club (Fanghua Garden - Luotao (Fanghua Garden Villa) – Luotao South Zone Villa) 17 TIONS Total G.F.A.: Approx. 1,134,000 sq.ft.; 14.63% owned by Group. This project was completed in September 2000 and almost all of the residential units have been sold. REVIEW OF OPERA HENDERSON LAND 2001 ANNUAL REPORT Additions to Land Bank During the financial year, the Group replenished its land bank in Hong Kong with total attributable floor area of approximately 920,000 sq.ft., including the following development sites: Gross Group’s Interest Site Floor Gross Floor Area Area Area Location (sq.ft.) (sq.ft.) Purpose (%) (sq.ft.) HONG KONG 1 Sai Wan Ho Ferry 131,320 1,368,418 Residential 62.23 851,567 Concourse, Inland Lot No. 8955 2 106-116 Hollywood Road 7,464 63,445 Commercial/ 100.00 63,445 and 1A Ping On Lane Residential Sai Wan Ho Development Project 18 REVIEW OF OPERA TIONS This site was jointly acquired by the Group and Hong Kong & China Gas in late 2000, and is 62.23%-owned by the Group. It will be developed into 5 residential towers with total G.F.A. of approx. 1,370,000 sq.ft. Foundation work is in progress and the development is expected to be completed in 2005. HENDERSON LAND 2001 ANNUAL REPORT Progress of Major Development Projects A view of the IFC project from the harbour Hong Kong development over a level of shops and a 3- storey carpark, with a total gross floor area 1 96-104A Hollywood Road/1-27 Bridges of approximately 85,000 sq.ft. and 40 Street/15 Shing Wong Street carparking spaces. Foundation work has 20 (Group’s interest – 100.00%) been completed. REVIEW OF OPERA The site is planned to be developed into a residential tower with a total gross floor 4 19-21 Wong Chuk Hang Road area of approximately 184,000 sq.ft.. (Group’s interest – 50.00%) Foundation work is in progress and the An application for changing the site into development is expected to be completed residential usage is in progress. in early 2005. TIONS 5 Airport Railway Hong Kong Station 2 913-919 & 929-935 King’s Road Development (Group’s interest – 36.17%) (Group’s interest – 100.00%) This is a major commercial development of The site is planned to be developed into a approximately 4,477,000 sq.ft. and is 31-storey residential tower over a level of located above the Airport Railway Hong shops and a 3-storey carpark, with a total Kong Station in the heart of the Central gross floor area of approximately 138,000 Business District. The development sq.ft. and 66 carparking spaces. consists of two office towers, a 3 to 4 storey Superstructure construction work is in retail and entertainment complex, a 1,000 progress and the development is expected room six star and suite hotel complex and to be completed in late 2002. approximately 140,000 sq.ft. of open space. 3 14-16 Shipyard Lane (Group’s interest – 75.00%) The development is being implemented in The site is planned for a residential two phases. The Southern Site HENDERSON LAND 2001 ANNUAL REPORT Progress of Major Development Projects (c ont’d) Development consists of the 38-storey One basement. All 1,791 car parking spaces will International Finance Centre office tower be available in mid 2002. of approximately 780,000 sq.ft. of Grade A office space and the IFC Mall consisting of 6 Sai Wan Ho Ferry Concourse, Inland Lot approximately 131,000 sq.ft. of retail No. 8955 (Group’s interest – 62.23%) space. This first phase of the development The site is planned to be developed into was completed in late 1998. The second five residential towers with a total gross phase, or Northern Site Development, floor area of approximately 1,370,000 includes the 88-storey office tower sq.ft.. The development will also provide accommodating approximately 2,000,000 500 private carparking spaces sq.ft. of Grade A office space which will approximately, as well as 200 public become a major landmark building on the carparking spaces. Foundation work is in new central waterfront and will be the progress and the development is expected third tallest building in the world on to be completed in 2005. completion. The tower has been designed by world renowned architect Cesar Pelli & Kowloon Associates Inc in association with Rocco Design Limited. The lower portion of this 7 1 Tai Yau Street 913-919 & 929-935 King’s Road super high-rise tower will be completed (Group’s interest – 70.00%) for occupation in mid 2002. The remainder The site is planned to be developed into an 21 of the tower including the 14 floors to be 18-storey commercial building over a 4- purchased by Government for use by the level podium which consists of one level of Hong Kong Monetary Authority will be ground floor shops and 4 carparking ready for occupation in late 2003.