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One Raffles Quay Consortium Bids For Business And Fnancial Centre Site
With portfolios of successful world-class properties, the partners have the experience and expertise to create a product advanced in design, construction and technology, and well-poised to cater to the needs of the international market.
For the tender submission, a new consortium was formed through three subsidiary companies, consisting of Cheung Kong's
Choicewide Group Limited, which is co-owned with Hutchison Whampoa Limited, Hongkong Land's Sageland Pte Ltd and Keppel Land's Bayfront Development Pte Ltd. All three subsidiary companies have equal shares in the joint venture.The New Downtown is earmarked to be Singapore's international business and financial hub with office spaces, residential and convention amenities, shops and F&B outlets as well as arts, cultural and entertainment venues around Marina Bay.
The strategic location of this 3.55-ha site at the New Downtown opens up to prime views of Marina Bay and the proposed Central Open Space. The upcoming Integrated Resort in the vicinity will further complement this project and enhance its position as a global business and financial hub.
When completed, the development will be linked via its own underground pedestrian network to the Landmark MRT station of the Downtown Extension of the Circle Line as well as the Raffles Place MRT interchange, which serves the North-South and East-West lines. It will also add to the critical mass of three existing New Downtown projects including One Raffles Quay, a 1.3 million sf premier office development by the same partners.
ABOUT CHEUNG KONG (HOLDINGS) LIMITED
Cheung Kong (Holdings) Limited is a property development and strategic investment company based in Hong Kong. It is one of the largest property developers in Hong Kong, having developed about one in twelve private residences in the territory. The company also owns a large portfolio of commercial, residential and industrial premises in Hong Kong, and is a major developer of the Central District.
In Singapore, Cheung Kong's residential property portfolio includes Costa del Sol, a prestigious east coast marine-themed evelopment and Cairnhill Crest, an oasis of tranquility ensconced in prime district 9. In terms of commercial property, the Company developed One Raffles Quay in its first joint venture with Keppel Land and Hongkong Land in Singapore. Cheung Kong is a substantial unit holder in Fortune REIT - which holds eleven retail malls in Hong Kong and was listed on The Singapore Exchange in August 2003 - with a 27.42% stake.
About Hutchison Whampoa Limited
Hutchison Whampoa Limited ("HWL") is a leading international corporation committed to innovation and technology with businesses spanning the globe. Its diverse array of holdings ranges from some of the world's biggest retailers to property development and infrastructure to the most technologically-advanced and marketing-savvy telecommunications operators.
HWL reports consolidated turnover of approximately HK$179 billion (US$23,000 million) for the year ended 31 December 2004. With operations in 52 countries and about 200,000 employees worldwide, Hutchison has five core businesses - ports and related services, telecommunications, property and hotels, retail and manufacturing, and energy and infrastructure. Its flagship companies include Hutchison Port Holdings, Hutchison Telecom, Hutchison Whampoa Properties, A.S. Watson, and Cheung Kong Infrastructure.
ABOUT HONGKONG LAND
Hongkong Land is a leading property investment, management and development group with a major portfolio in Hong Kong where it owns and manages some five million sq. ft of prime office and retail space in the heart of the Central business district. Hongkong Land Limited manages these assets and the group's other property and infrastructure interests in Asia from Hong Kong by providing services to group companies.
Hongkong Land Holdings Limited is incorporated in Bermuda with its primary share listing in London. The company's shares are also listed in Singapore and Bermuda. Hongkong Land is a member of the Jardine Matheson Group.
ABOUT KEPPEL LAND
Keppel Land is one of the largest property groups listed on the Singapore Exchange, and has a diversified portfolio in thirteen countries in Asia.
The Company's portfolio of premier properties includes office towers, residential properties, integrated developments comprising hotels, resorts and retail complexes as well as entire townships. Keppel Land is a major landlord in the Central Business District with 10 office towers featuring prominently in the city landscape.
For further information, please contact
For Cheung Kong (Holdings)
Ms Wendy Tong Barnes
Chief Corporate Affairs Officer
Tel : (852) 2122 2150
Fax : (852) 2128 8309
Email : wendytb@ckh.com.hk
Hutchison Whampoa Limited
Ms Laura Cheung
General Manager - Group Corporate Affairs
Tel: (852) 2128 1289
Fax: (852) 2128 1766
Email : laurac@hwl.com.hk
For Hongkong Land
Ms. Angela Yeung
Head of Communications
Tel : (852) 2842 8222
Fax : (852) 2530 4725
Email : ayeung@hkland.com
For Keppel Land
Ms Teri Liew
Senior Manager
Group Corporate Communications, Keppel Corporation Limited
Tel : (65) 6413 6425 / Mobile : 9 686 4038
Email : teri.liew@kepcorp.com
This press release is also available on
www.hkland.com, www.kepcorp.com andwww.keppelland.com.sg
.