Wharf Real Estate Investment
Founded in 1886, The Wharf (Holdings) Limited (Stock code: 4) is a listed subsidiary of Wheelock and Company Limited. Wharf is a premier company with HK$443.8 billion of total assets as at the end of 2016. Investment Properties ("IP") in Hong Kong and China continues to grow over the years and continues to be a key growth driver for the Group. With a book value of HK$319.3 billion, it accounted for 64% of the Group's core profit in 2016. Wharf is active in Hong Kong and China with prime real estate as primary strategic focus. Site acquisition, design, development and marketing are its core competencies while mall development and retail management remain its strategic differentiation. IP including flagships Harbour City and Times Square is the backbone of Wharf's business model. The portfolio continues to grow and has been a key growth driver for the Group with addition of five International Finance Square projects in China. Wharf's mission of "Building for Tomorrow" underlines the Group's asset expansion programme. The Group now operates 14 hotels in Asia Pacific and is set to expand the portfolio with a solid pipeline of new hotels over the next few years. Also contributing to Wharf's presence in the Mainland are key port assets along the China coast. Wharf website: www.wharfholdings.com.