Chinney Investments and Hon Kwok Land Join Hands to Unveil "Hon Kwok City Commercial Centre"; Strive to Create a New Landmark in Futian Commercial District, Shenzhen

Wednesday, 28 June 2017, 20:02 HKT/SGT

Leasing Opens for Potential Tenants Worldwide; Perfectizes the Property Development Layout in Shenzhen

HONG KONG, June 28, 2017 - (ACN Newswire) - Chinney Investments, Limited (stock code:216) and Hon Kwok Land Investment Company, Limited (stock code:160) ("Hon Kwok Land" or the "Group") jointly unveiled the Hon Kwok City Commercial Centre ("Hon Kwok Centre"), solely developed by Hon Kwok Land and located in the heart of the Futian commercial district, Shenzhen. "Launching and Signing Ceremonies for Hon Kwok Centre Global Leasing" was held today at The St. Regis Shenzhen for the signing of a strategic leasing agency and cooperation agreement between the Group and famous property consultancy, CBRE, inviting the rally of companies in China as well as from around the world to set up offices there.

Hon Kwok Land management and CBRE representatives preside over the "Launching and Signing Ceremonies for Hon Kwok Centre Global Leasing"

The facade of Hon Kwok Centre

An illustration of the clubhouse on the top floor of Hon Kwok Centre

The ceremony themed "The World from the Top" was graced by elites and heavyweights from the property industry. Present at the event were the management of the Hon Kwok Land and the leasing and property teams.

Hon Kwok Centre is at a prime location in the Futian commercial district, Shenzhen. It is on Shennan Road, neighbouring the central Luohu district, in the heart of the a financial service centre with the richest resources pool in the Guangdong-Hong Kong-Macao Greater Bay Area. The area is the base of more than 80% of the venture capitalists and financial centres and 300-plus private equity funds in Shenzhen, which together manage more than 30% of the fund capital in the country. Furthermore, more than 40% and 60% respectively of the banks and securities firms and close to 95% of the fund corporations in Shenzhen have been attracted to the area. The Centre, a new commercial landmark in the district, occupies an area of approximately 7,900 sq. m. and has a GFA of more than 163,000 sq. m. It is about 330 m. tall, the fifth highest among completed projects in Shenzhen and the only super high-rise commercial/office complex on Shennan Road. The project commands a total investment of HK$2 billion. It is expected to commence operation in the first half of 2018, while the rental rate will be approximately at between RMB200 and RMB430 per sq. m.

As visualised by the renowned U.S. architecture firm Skidmore, Owings & Merrill LLP (SOM), the avant-garde and innovative design of the project conveys a sense of style that is modern, high-tech and trendy. Hon Kwok Centre is not only a traditional office building, but an upgrade of the conventional to a well-equipped green commercial complex, complemented with an ancillary leisure zone, marrying urban commercial functions with the art of living. It is set to be the home of up-and-coming international consumer brands in banking, dining, high-end grocery shopping, and fitness and beauty as it becomes the top commercial/office landmark within the central Futian business district in Shenzhen.

Mr. Zuric Chan, Executive Director of Hon Kwok Land, said, "Hon Kwok Centre is a Shenzhen landmark project created through the concerted efforts of the Group. Its architectural concept and ancillary facilities are all customer-oriented and our vision is for it to become a first class integrated commercial and office project that converges international and local business elites. Hon Kwok Land started to venture into the Mainland China market in 1997 and has since set up companies which focus on property development in Shenzhen, Guangzhou, Chongqing and Nanhai. The development of Hon Kwok Centre is an integral part in the Group's business layout in China. We firmly believe that, with the Group boasting world-class resources advantages, plus CBRE's real estate service capabilities and Hon Kwok Centre's diverse integrated services, leading companies in China and from around the world will be attracted to leasing space in the Centre. Our international perspective and clear vision enables us to bring new thinking and insights to Shenzhen and the country, as well as turn Hon Kwok Centre into the vibrant 'heart' of the city, setting it apart from all commercial centres in the Futian central business district."

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About Chinney Investments Limited
Chinney Investments, Limited ("Chinney Investments") (stock code: 216) was founded in 1959 and listed on the Main Board of the Stock Exchange of Hong Kong in 1973. Its primary businesses are property development, property investment for leasing purposes, hotels, garment manufacturing and trading. It is the parent company of Hon Kwok Land.

About Hon Kwok Land Investment Company, Limited
Hon Kwok Land Investment Company, Limited ("Hon Kwok Land") (stock code: 160) was founded in 1965 and listed on the Main Board of the Stock Exchange of Hong Kong in 1972. Its primary business is property development and investment. It has under its belt property projects all over Hong Kong, where it has operated and accumulated more than 40 years of experience and many successes in property development. It is today a respected property developer in Hong Kong. In 1997, the Company set up a wholly-owned subsidiary Hon Kwok Investment (China) Limited to focus on developing the Mainland China market. At present, Hon Kwok Investment (China) has investment projects mainly in Shenzhen, Guangzhou, Foshan and Chongqing.

Media Enquiries:
Strategic Financial Relations Limited
Vicky Lee Tel: (852) 2864 4834 Email: vicky.lee@sprg.com.hk
Kylie Chan Tel: (852) 2114 4990 Email: kylie.chan@sprg.com.hk
Jeffrey Tam Tel: (852) 2864 4858 Email: jeffrey.tam@sprg.com.hk
Company address: www.sprg.com.hk

Topic: Press release summary Sectors: Real Estate & REIT, Daily News
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