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.
Flagship assets in Hong Kong include the Marco Polo Hongkong Hotel and Murray Building. The former, strategically located in Harbour City on Canton Road, has long been a core operating asset. The latter, a prominent landmark building standing on a prime site in Central, is being converted into an urban chic hotel, with target opening in late 2017.
In the Mainland, the Group also owns 80% of Suzhou International Finance Square ("IFS"), a 450-metre tall commercial landmark comparable to the tallest building in Hong Kong under development. It is well located in the new CBD overlooking Jinji Lake, and is adjacent to Xinghu Street MTR station (Line 1). This investment property with a total GFA of 278,000 square metres will comprise Grade A offices, luxury apartments and a premium boutique hotel. Full completion is targeted for 2017. Its superb location and premium quality will enable it to stand out from the competition.
The Group had an attributable land bank of 1.0 million square metres in Changzhou, Chongqing, Shanghai and Suzhou at a book value of HK$10.0 billion as at 31 December 2015.