Hang Seng sells North Point Commercial Building to drive more than 15 billion liters in the first half of the year 15% 250,000 square feet of industrial and commercial floor more than 2300 residential for sale
Henderson Land (012) sold North Point Commercial Building profit to drive shareholder profit of 15.03 billion yuan in the first half of this year, up 15%, core profit rose 52% to 13.86 billion yuan, earnings per share of 3.42 yuan, interim dividend of 50 cents, an increase of 4%. The company plans to launch three development projects in the second half of the year, together with the remaining inventory, with more than 2,300 residential units and 250,000 square feet of office or industrial floors available for sale in the second half of the year.
Henderson Chairman Lee Shau Kee pointed out in the performance that Dihui Haoting, Jiaduolixuan, Nanchang No.1 and Shangyuefang are expected to be completed in the second half of the year; plus the project is expected to be completed next year or later, as of the end of June this year, it has been sold but not confirmed. The self-occupied property sales in Hong Kong amounted to 14.848 billion yuan.
In the first half of the year, Henderson purchased two plots of Kai Tak Development Zone for 15.958 billion yuan, and built 1.1 million square feet of residential land, which increased the company’s land for storage development to 14.1 million square feet. At present, there are 49 redevelopment projects of 80% of the old buildings in the urban area, which can be rented and sold for about 4.4 million square feet, including those that can be merged into a site of scale. For example, the “Leo Square” series can be used together. Provide a new building complex of over one million square feet. In the first half of the year, the area of the New Territories was increased to 45.30 million square feet, making it the largest developer of land in the New Territories.
Henderson sold a 330,000 sq. ft. Class A commercial building at 18 Kwong Wah Road, North Point, in January this year, together with the sale of Kowloon Bay Chuang Hao Square, Cheung Sha Wan Global Gateway Tower and Chuang Hui International Centre, and certain shops and parking spaces. In the first half of this year, the total sales of self-occupied Hong Kong properties reached 18.994 billion yuan, an increase of 43% over the previous year. Last month, the company also sold a 50% interest in the No. 8 commercial building on the Observatory Road for $4.1 billion. It is expected to be completed next year.
Henderson Development’s half-year profit rose 33%
Hengheng will continue to look for projects in first- and second-tier cities in the first half of the year, while watching the investment opportunities in Dawan District. At the completion of the construction of the Middle Road Commercial Building and the Murray Road Office Building, the Shanghai Xuhui Riverside Project and the Guangzhou Haizhu Square Station Commercial Building, it is expected that the investment properties in Hong Kong and the Mainland will increase by 700,000 square feet and 4.8 million square meters respectively. , to about 9.6 million square meters and 11.2 million square meters. Recurring rental income will increase considerably.
Henderson Development (097) Shareholders’ profit for the first half of this year rose 33% to 48 million yuan, with earnings per share of 1.6 cents, and interim dividends of 2 cents per share. After the acquisition of UNY Hong Kong, we will use UNY resources and expertise to open a new Japanese-style supermarket to capture the business opportunities brought by Japanese supermarkets. Hengfa will integrate the Thousand Colors Store and UNY business to look for operational synergies arising from logistics, information technology and logistics functions.