The Wharf (Holdings) Limited (Stock Code: 4), the Groupˇs principal subsidiary, is a premier company with consolidated assets of more than HK$170 billion and a strategic focus on property and infrastructure in Hong Kong and the Mainland. Together with Wheelock Properties Limited (Stock Code: 49), one of the Group's property arms, the two have generated an extremely solid recurrent dividend income stream for the Company. Wheelock's other assets are primarily represented by its direct property and other investments.
Wheelock Properties (Stock Code: 49) is a 74%-owned listed subsidiary as well as a property arm of the Group.
Hong KongIt has a landbank of approximately 1.2 million square feet (GFA) in Hong Kong. It has participated in a number of mega development projects including Bellagio, Sorrento and Parc Palais and owns certain investment properties including Wheelock House and Fitfort.
The MainlandWheelock Properties has been looking for suitable opportunities in the Mainland and has succeeded in acquiring two sites in Foshan of Guangdong province at public auctions for residential development through joint ventures in 2007. Its land bank in the Mainland is currently about 3.88 million square feet in attributable plot ratio GFA.
Foshan Xincheng Project
SingaporeWheelock Properties also holds controlling interests in Singapore-listed Wheelock Properties (Singapore) Limited (M35.SG), a property investor and developer with a focus on luxury residences.