Hongkong Land

Hongkong Land's shares rose about 4% to S$8.61 after reports that the company is considering transactions of more than US$1 billion for mixed‑use projects in prime Tokyo locations. Additional momentum came from the takeover of Wheelock Place by the Singapore Central Private Real Estate Fund for around S$1.1 billion, which raises the fund's assets under management to S$9.4 billion. The broader market also showed strength, with the Straits Times Index reaching a record high. » Plus sur de.investing.com

Hongkong Land agreed to acquire Wheelock Place on Orchard Road from Wharf for S$1.1 billion (about $900 million) through its Singapore Central Private Real Estate Fund (SCPREF). The 21-storey mixed-use development is SCPREF’s first acquisition since the fund launched and will lift its assets under management to S$9.4 billion on completion, expected in August. SCPREF, backed by Hongkong Land and investors including Qatar Investment Authority, targets at least S$15 billion AUM within five years as Hongkong Land pursues capital recycling and shareholder returns. » Plus sur forbes.com

Hongkong Land's Singapore Central Private Real Estate Fund (SCPREF) has agreed to acquire Wheelock Place on Orchard Road for around S$1.1 billion. The seller is a company owned by Wharf Real Estate Investment Company; the purchase price corresponds to a recent independent valuation. Wheelock Place comprises a 21-storey commercial building with office and retail space (approx. 43,280 m²) and is located directly at Orchard MRT station; completion is scheduled for the end of August. The acquisition raises the fund's assets under management from S$8.2bn to S$9.4bn, increasing Hongkong Land's management fees and is expected to be accretive to adjusted earnings. » Plus sur de.investing.com

Hongkong Land is launching the Singapore Central Private Real Estate Fund (SCPREF) with more than S$8 billion in assets under management and is expected to become the largest private real estate fund in Singapore. Keppel REIT is buying Hongkong Land’s 33⅓% stake in Marina Bay Financial Centre Tower 3 for about S$1.5 billion, bringing the company’s total disposals since 2024 to US$2.8 billion and moving it closer to its US$4 billion target by 2027. Hongkong Land plans to transfer further office properties with an attributable value of S$3.9 billion into the fund and reinvest the proceeds into high‑quality integrated commercial properties in Singapore; finalisation of third‑party investor agreements and fund formation is expected in Q1 2026. » Plus sur de.investing.com

Hongkong Land has completed the sale of residential developer MCL Land for S$739m (US$579m) and generated net proceeds of S$839m (US$657m), including previously paid distributions. With the deal, the company has achieved around 50% of its goal to recycle at least US$4bn by the end of 2027. The company confirms its full-year outlook, recorded a 13% drop in adjusted earnings in Q3, and reports net debt of US$4.4bn after cash flows with gearing of 15%; the US$200m share buyback programme has been fully executed. » Plus sur de.investing.com