Wharf Holdings Ltd

Common Name

Wharf Holdings

Country

Hong Kong

Sector

Real Estate

Industry

Real Estate - Development

Employees

6,000

Ticker

Exchange

HONG KONG EXCHANGES AND CLEARING LTD

Website

www.wharfholdings.com

Description

Founded in 1886, The Wharf (Holdings) Limited (Wharf, Stock Code: 4) was the 17th company registered in Hong Kong and is currently the 7th with the longest history. Wharf is also one of the 30 const... Founded in 1886, The Wharf (Holdings) Limited (Wharf, Stock Code: 4) was the 17th company registered in Hong Kong and is currently the 7th with the longest history. Wharf is also one of the 30 constituent stocks in the original Hang Seng Index from the 1960s. The Group upholds a long standing mission of Building for Tomorrow. With a proven track record in management and execution, the Group's businesses comprise Investment Properties, Development Properties and Hotels in Hong Kong and Mainland China. Other businesses include Logistics Infrastructure through Modern Terminals and Hong Kong Air Cargo Terminals. In Hong Kong, the Group's exclusive Peak Portfolio, comprising a rare collection of unique properties, features the highest bespoke quality and craftsmanship catering to the demands of a privileged and discerning clientele. As at the end of 2024, the Group's attributable land bank in Hong Kong was about 2.8 million square feet, of which about 550,000 square feet on The Peak. The Group's Mainland China Investment Properties are led by the International Finance Squares (IFS) at the very heart of CBD in select cities. IFS developments in Chengdu and Changsha have become trendsetting landmarks with unrivalled location, superior planning and design, retailer and shopper critical mass and top-notch management. The Mainland China Development Properties land bank further depleted to 1.2 million square metres at the end of 2024. The bulk of unsold stocks are commercial properties in grossly over-supplied markets. Wharf Hotels operates 16 hotels across Hong Kong, Mainland China and the Philippines under three brands Niccolo, Marco Polo and Maqo. The Group wholly owns four of these properties and holds a 50% stake in another. In June 2024, a third hotel owned by the Group at Changsha IFS opened under a Park Hyatt flag. The Group also owns and operates Modern Terminals, which operates container terminals in Hong Kong and Shenzhen, and is a founding partner in Hong Kong Air Cargo Terminals. Both have been key components for Hong Kong's success as an international trade and transportation hub for decades. Building for Tomorrow also extends to Wharf's Business-in-Community (BIC) commitment. Flagship school improvement programme Project WeCan grows from strength to strength along with a series of BIC initiatives, with an aim of helping different segments of society in Hong Kong and the Mainland. The Group has also been devoting effort to embrace sustainable practices in our businesses for building a more sustainable future. Recognising the impact of climate change, the Group works towards its 2030 targets to minimise carbon emissions and explores energy efficiency and renewable energy in operations. The Group has also committed to setting science-based targets and has submitted near-term targets for validation by the Science Based Targets initiative (SBTi). The Group was recognised with a host of awards for its business achievements and contributions to the community. It is named the Third Top Donor for 2023/2024 campaign year by The Community Chest, remains as a constituent member of Hang Seng Corporate Sustainability Index Series with an ESG rating of AA+, and attained the 10 Years Plus Caring Company Logo from The Hong Kong Council of Social Service.Show more

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