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Wharf Real Estate Investment Co (HKSE:01997) Construction In Progress : HK$0 Mil (As of Jun. 2024)


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What is Wharf Real Estate Investment Co Construction In Progress?


Wharf Real Estate Investment Co Construction In Progress Historical Data

The historical data trend for Wharf Real Estate Investment Co's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Wharf Real Estate Investment Co Construction In Progress Chart

Wharf Real Estate Investment Co Annual Data
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Construction In Progress
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Wharf Real Estate Investment Co Semi-Annual Data
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Wharf Real Estate Investment Co Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.


Wharf Real Estate Investment Co Business Description

Traded in Other Exchanges
Address
16th Floor, Ocean Centre, Harbour City, Kowloon, Hong Kong, HKG
Wharf spun off Wharf Real Estate Investment Co in November 2017. It is a leading property investor with a focus in prime retail assets in Hong Kong. Rental income from two flagship assets Harbour City and Times Square account for around 80% of revenue. The balance is made up of The Murray hotel, a suburban mall in Plaza Hollywood, two offices in Central CBD. The group also holds two malls in Singapore and a mixed-development in Suzhou. Wharf was originally a shipping company but transformed into a property developer and investor in the 1960s by redeveloping its unused industrial assets, many located in city-center and waterfront locations. The Harbour City site was previously wharfs, and the Times Square site was a tram depot in the 1970s. Wheelock holds a 45% stake in Wharf REIC.
Executives
Blackrock, Inc. 2201 Interest of corporation controlled by you
Hsbc Trustee (c.i.) Limited 2301 Trustee
Wheelock And Company Limited 2201 Interest of corporation controlled by you
Kowloon Wharf Pte Limited 2201 Interest of corporation controlled by you
Big Heritage Limited 2101 Beneficial owner

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