Harbour Centre Development Limited (stock code: 51) is a listed subsidiary of The Wharf (Holdings) Limited (stock code: 4), with property and hotel development and investment in Hong Kong and the Mainland as its primary business.
The Group had an attributable land bank of 1.7 million square metres in Changzhou, Chongqing, Shanghai and Suzhou at a book value of HK$12.2 billion as at 30 June 2014. These projects benefit from Wharf’s trusted brand in the development of quality and well-located residences.
Suzhou International Finance Square (80% attributable to the Group), is a 450-metre landmark commercial development in the new CBD overlooking Jinji Lake, and will be comparable in height to the tallest building in Hong Kong. The development, designed by Kohn Pedersen Fox, consists of international Grade A office, luxurious apartments as well as a luxury sky hotel with full scenery of Suzhou. With a total GFA of 278,000 square metres, the development will be directly connected to the future metro station. Construction is underway with the initial phases targeted for completion by 2017. Total estimated cost amounted to RMB5.4 billion.
In Changzhou, part of the development project include a 271-room five-star Marco Polo Hotel, a 31-suite Mansion and the 139-unit serviced apartments, of which the hotel and The Mansion were soft opened in late August. The hotel is part of The Mansion complex with vast garden space for major events and weddings.
Flagship assets in Hong Kong include the Marco Polo Hongkong Hotel ("MPHK Hotel") and Murray Building. Both are distinguished not only in location, but also rich in history and superior in market position. MPHK Hotel strategically located in Harbour City with 665 hotel rooms continues to provide convenience for discerning travellers. Murray Building, a majestic building with towering arches, is a unique, prominent landmark building featuring an intricate design and part of Hong Kong’s heritage for nearly 50 years. It guards the intersection of traffic arteries in Central that run east-west and north-south, commands open green views over Hong Kong Park and is well connected to other buildings in the neighbourhood, as well as to the Mass Transit Railway. The Group will convert this iconic property to a luxury hotel for a total investment of over HK$7 billion. Target opening is scheduled for 2017.