Chinese Estates Group is a real estate development group based in Hong Kong

Hong Kong

Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

. The group comprises three Hong Kong publicly listed companies : Chinese Estates Holdings Limited (Stock Code: 127), Chi Cheung Investment Company, Limited (Stock Code: 112) and G-Prop (Holdings) Limited (Stock Code: 286).

Historically, Chinese Estates Group has been focused on the Hong Kong market, but has more recently expanded into neighbouring Macau and mainland China.

In July 2010 the group was reported to be in exclusive negotiations to acquire Tower 42

Tower 42

Tower 42 is the second tallest skyscraper in the City of London and the fifth tallest in London overall. The original name was the National Westminster Tower, having been built to house the National Westminster Bank's International Division. Seen from above, the tower closely resembles the NatWest...

, an office tower in the City of London

City of London

The City of London is a small area within Greater London, England. It is the historic core of London around which the modern conurbation grew and has held city status since time immemorial. The City’s boundaries have remained almost unchanged since the Middle Ages, and it is now only a tiny part of...

, for a reported sum of around £300 million.

Operations

Total revenues for 2009 totalled HK$2,151.3 million. As of 31 December 2009 the property portfolio was valued at HK$8,564.3 million. The current portfolio comprises retail and office assets totalling around 1000000 square feet (92,903 m²) and 1200000 square feet (111,483.6 m²) respectively. The group also has a landbank of approximately 30000000 square feet (2,787,091.2 m²) to be developed in Hong Kong, Macau, and in mainland China.