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Review of Operations – Business in <strong>Hong</strong> <strong>Kong</strong> • Property Investment<br />
Leasing demand for quality office space in <strong>Hong</strong> <strong>Kong</strong> also<br />
remained resilient on the back of persistent economic growth<br />
in both <strong>Hong</strong> <strong>Kong</strong> and mainland China. The Group’s premier<br />
office developments in the core areas, such as ifc in Central,<br />
AIA Tower in North Point, as well as ING Tower and Golden<br />
Centre in Sheung Wan, have all performed well with a remarkable<br />
increase in rents from lease renewal. Meanwhile, the Group’s<br />
approximately 2,000,000 square foot portfolio of prime office and<br />
industrial/office premises in Kowloon East recorded nearly full<br />
occupancy by the end of 2012 and it is set to benefit further from<br />
the Government’s commitment to reshape the district as a new<br />
business hub under the “Energizing Kowloon East” project. In<br />
order to stay ahead of the market and enhance their rental values,<br />
the Group regularly enhances the green features and upgrades<br />
the quality of its office developments. During the year, following<br />
the previous success of ifc and Manulife Financial Centre,<br />
Golden Centre in Sheung Wan achieved the highest “platinum”<br />
rating under the globally recognised <strong>Hong</strong> <strong>Kong</strong> – Building<br />
Environmental Assessment Method (HK-BEAM), whilst facility<br />
upgrades for AIA Tower in North Point are planned to commence<br />
in 2013.<br />
AIA Tower, North Point, <strong>Hong</strong> <strong>Kong</strong><br />
50<br />
Henderson Land Development Company Limited<br />
Annual Report 2012
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