Harbour Centre Development Limited ("Harbour Centre", stock code: 0051) is a listed subsidiary of Wharf Real Estate Investment Company Limited ("Wharf REIC", stock code: 1997), with property and hotel development and investment as its core business. Mainland China assets are being liquidated in an orderly manner to focus in Hong Kong.
Flagship assets comprise Marco Polo Hongkong Hotel ("MP Hong Kong") and The Murray, Hong Kong, a Niccolo Hotel ("The Murray"). Strategically located in Harbour City in Tsimshatsui, MP Hong Kong has long been a core operating asset. The Murray, a luxury hotel at a prominent location in Central, part of the "Conserving Central" Initiative, started to contribute revenue since 2018.
As exit from Development Properties in Mainland China continues, there are only two projects (Shanghai South Station and Suzhou International Finance Square ("IFS")) remaining in the land bank. As at 30 June 2019, the Group had an attributable land bank (net of recognised sales) of approximately 0.4 million square metres.
Other Mainland China assets comprise two hotels, Marco Polo Changzhou and Niccolo Suzhou (under development as part of Suzhou IFS).