Singapore opportunities could shine in Hongkong Land’s remaking
The group should consider listing a Singapore office Reit, or developing the Jurong Lake District white site
SEVEN months into the job, chief executive Michael Smith is stirring things up at Jardine Matheson Group’s 135-year-old Hongkong Land.
Under its new strategy, Hongkong Land will focus on investment properties in key Asian gateway cities. It will no longer invest in the build-to-sell segment, and will instead recycle capital from this segment into new integrated commercial property opportunities.
The group will work with third-party capital to expand its investment property assets under management (AUM) from US$40 billion to US$100 billion by 2035 through capital partnerships, private funds and real estate investment trusts (Reits).
