Corporate Information
Board of Directors
Corporate Governance

Corporate Information

Overview

Harbour Centre is a listed subsidiary of Wharf REIC, with property and hotel development and investment as its core business. Mainland assets are being liquidated in an orderly manner to focus on Hong Kong.

Hong Kong

Flagship assets in Hong Kong include MP Hong Kong and The Murray, Hong Kong.

Primely located on Canton Road, Tsimshatsui, MP Hong Kong overlooks the spectacular Victoria Harbour view. The iconic "Star" Ferry and Hong Kong's first cruise terminal are at the footstep along with an all-weathered shopping mall at Harbour City – Hong Kong's largest shopping complex.

With its favourable location in Harbour City, MP Hong Kong provides convenience for discerning travellers. In particular, its premier location and enhanced product offerings have placed the hotel in a good position to capture the spending of international and Chinese travellers. In 2019, MP Hong Kong has been listed as one of the "Top 10 Best Hotels & Resorts in Hong Kong" at DestinAsian Readers' Choice Awards.

The latest long-term strategic investment of the Group is The Murray, Hong Kong, which opened in 2018 upon the epic conversion from the iconic 1960’s Murray Building. Renowned architect Foster + Partners helped to steer this significant Government heritage preservation initiative. The hotel has rapidly earned international praise and emerged as an icon of the city for impeccable hospitality.

Prominently located at the bottom of Garden Road and Cotton Tree Drive, the sophisticated urban sanctuary boasts a seamless blend of scenic views of the city’s CBD and the lush green oasis of Hong Kong Park. The minimalist décor with clean lines and modern fixtures characterises the 336 spacious rooms and suites in the 25-storey contemporary chic hotel. The wide array of dining options promise unforgettable elevated culinary experiences. The exceptional meeting and event spaces further establish The Murray, Hong Kong as the new epicenter for conferences, events and celebrations.

The Murray, Hong Kong has received multiple honours and global awards since its opening, including "World’s Greatest Places 2018" — Places to Stay by TIME Magazine, "The Hot List" — The Best New Hotels in the World 2018 and the No.1 Hotel in Hong Kong in "Readers' Choice Awards 2018" — Top Hotels in China by Condé Nast Traveler, "Big Sleep Awards 2018" — City Slicker by National Geographic Traveller, "The Best New Business Hotel in Asia 2018" by Bloomberg, "The Luxe List 2018" — Best New Hotels in the AsiaPacific Region by DestinAsian Magazine and "It List 2019" — Best New Hotels in the World by Travel + Leisure Magazine.

Mainland China

Development Properties

As at 31 December 2018, the Group had an attributable land bank (net of recognised sales) of approximately 0.4 million square metres.

The 27%-owned Shanghai South Station project is a 494,000-square-metre commercial development in Xuhui District led by major Mainland developer China Vanke Company Limited. The development, located next to Shanghai South Railway Station, is well connected to the existing Metro Line 1 & 3 and future Line 15 stations. Pre-sale of initial phases commenced in 2015. Full completion is scheduled for 2022.

Commercial/Residential Complex under Development

The Group owns 80% of Suzhou IFS, a 450-metre tall commercial landmark comparable to the tallest building in Hong Kong. Prominently located in the new CBD overlooking Jinji Lake and adjacent to Xinghu Street MTR station (Line 1), this development will set it apart from its peers in the region. This commercial complex offers 299,000 square metres of Grade A offices, Niccolo Suzhou (a luxury hotel), sky residences and luxury apartments, which is scheduled for phased completion in 2019 and 2020. Pre-sale of the apartment units commenced in late 2018.

Hotels

Marco Polo Changzhou, an exclusive urban oasis and a prime destination for sophisticated events and weddings, opened in late August 2014. Located in the Xinbei District, an hour from Shanghai by high-speed train, the hotel offers 271 rooms and suites in the main hotel building and a further 31 rooms and suites in The Mansion, including the luxurious Presidential Suite.

Niccolo Suzhou, a 216-room luxury sky hotel at Suzhou IFS with a stunning city view is progressing to plan.

Disposal

Disposal of Mainland assets will be continued in an orderly manner, to enable the Group to concentrate on its business opportunities in Hong Kong.

Below is a list of Harbour Centre's China property projects as at 31 December 2018:

China East:

  • Shanghai South Station
Location : Caohejing Area, South Station Business Zone, Xuhui District, Shanghai
Site area : 107,000 sq m
Attributable GFA : 96,000 sq m*
Project nature : Retail and Office
Ownership : J/V project, 27%-owned by Harbour Centre;
51%-owned by China Vanke Company Ltd;
22%-owned by Greenland Group Company Ltd
Year of completion : 2022
  • Suzhou IFS
Location : Xing Hu Jie, Suzhou Industrial Park, Suzhou
Site area : 21,000 sq m
Attributable GFA : 299,000 sq m
Project nature : Office, Hotel and Residential
Ownership : J/V project, 80%-owned by Harbour Centre;
20%-owned by Genway Housing Development Group
Year of completion : Phased completion in 2019 and 2020

* Partly pre-sold

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