Proven experience in property renovation and tenant upgrade
Our property business is a core contributor to shareholder value creation. Our renovation and tenant upgrade model allow us to take underperforming properties in strategic locations and unlock value for our shareholders. Shanghai is becoming one of Asia’s largest and most important economic centres as Central Government looks to turn it into one of the world's financial, shipping and trade centres to form a robust and cohesive economic region in the Yang Zi Delta region.
Following the successful upgrade and disposal of Jing’an Point, we acquired Central Park at the end of 2013, aiming to ride on the growing office demand in Shanghai’s Central Business District in providing a stable rental income to us on the one hand and in capturing the future capital growth through asset management in terms of building enhancement and restructuring of tenant profile on the other.
With extensive asset management experience, we have established a Property Fund - HSL China Metropolitan Fund I (“HSL Fund”). In 2014, HSL Fund acquired Metro Park Service Apartment (renamed to Park Lane in 2015) in Shanghai with a enhancement plan in place to forge the building to be one of the iconic residential buildings in Changning district.