REG - Hongkong Land Hldgs - Directorate Change

Hongkong Land HoldingsAnnouncement

21/11/2023 09:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231121:nRSU1375Ua&default-theme=true

RNS Number : 1375U  Hongkong Land Hldgs Ltd  21 November 2023

Announcement

 

The following announcement was issued today to a Regulatory Information
Service approved by the Financial Conduct Authority in the United Kingdom.

HONGKONG LAND ANNOUNCES NEW LEADERSHIP APPOINTMENT WITH MICHAEL SMITH TO SUCCEED ROBERT WONG AS CHIEF EXECUTIVE

 

21st November 2023 - Michael Smith has been appointed Chief Executive of
Hongkong Land Holdings Limited with effect from 1st April 2024. He will
succeed Robert Wong who has been the Chief Executive of Hongkong Land since
2016.

Michael is currently the Regional Chief Executive Officer of Europe and the US
at Mapletree Investments, a global real estate development, investment,
capital and property management company with over US$55 billion of assets
under management, headquartered in Singapore.

During his nearly seven years at Mapletree, Michael has been responsible for
growing the group's new and existing businesses in Europe and the US, and
accountable for overall operating performance. Under Michael's leadership, the
Europe and US portfolio has grown to account for over a third of the group's
assets under management, across diversified asset classes including logistics,
data centres, business parks and student housing. In addition to building
scale, Michael has been responsible for monetising assets into public and
private vehicles, while leading a large team of professionals across multiple
jurisdictions.

Prior to joining Mapletree, Michael was a Partner at Goldman Sachs, and led
the bank's Southeast Asia investment banking, as well as Asia Pacific
(ex-Japan) real estate businesses. Altogether, Michael brings 30 years of real
estate, capital markets and investment banking experience.

Ben Keswick, Chairman of Hongkong Land Holdings Limited, said, "I am delighted
to welcome Michael to Hongkong Land. Michael brings a proven track record in
real estate investment and capital allocation. He has grown organisations by
being an inspirational and caring people leader. Building on Hongkong Land's
pre-eminent capabilities, reputation and portfolio, I have every confidence
Michael will evolve our business - ensuring we continue to invest, manage and
develop prime commercial, retail and mixed-use assets, while at the same time,
positioning the Group for long-term sustainable growth in China and other key
Asian markets."

"I would like to thank Robert for his over 38 years of outstanding service to
Hongkong Land. Robert has been instrumental to the development and execution
of Hongkong Land's mainland China strategy since the early 1990s. As Chief
Executive for the past seven years, Robert has enhanced the Group's Central
portfolio in Hong Kong ensuring it remains the pre-eminent office, luxury
retail, restaurant, and hotel accommodation destination in the heart of the
city. He has also continued the Group's strategic focus to develop, grow and
hold prime commercial and luxury retail properties, including the US$3.3
billion mixed-use investment in West Bund, Shanghai which is currently under
development. Our strategic investments in mainland China will be integral to
Hongkong Land's next phase of growth and value creation. Finally, Robert has
led the charge to embed sustainability into the way in which we operate and
make decisions at Hongkong Land."

Robert will retire from his role as Chief Executive on 31st March 2024. Robert
will continue as a senior advisor to ensure a smooth leadership transition.
Michael will relocate to Hong Kong with his wife and children.

Michael Smith has held a directorship in the following listed company in the
past five years:

 Mapletree Industrial Trust Management Ltd., as Manager of the Mapletree  Non-Executive Director  15th December 2019 to date
 Industrial Trust

No further information is required to be disclosed in respect of Michael
Smith's appointment pursuant to 9.6.13R of the Listing Rules of the UK Listing
Authority.

Hongkong Land is a major listed property investment, management and
development group.  The Group owns and manages more than 850,000 sq. m. of
prime office and luxury retail assets in key Asian cities, principally Hong
Kong, Singapore, Beijing and Jakarta.  Its properties hold industry leading
green building certifications and attract the world's foremost companies and
luxury brands. The Group also has a number of high-quality residential,
commercial and mixed-use projects under development in cities across China and
Southeast Asia, including a 43% interest in a 1.1 million sq. m. mixed-use
project in West Bund, Shanghai. Its subsidiary, MCL Land, is a
well-established residential developer in Singapore.

 

Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary
listing in the standard segment of the London Stock Exchange, with secondary
listings in Bermuda and Singapore.  The Group's assets and investments are
managed from Hong Kong by Hongkong Land Limited.  Hongkong Land is a member
of the Jardine Matheson Group.

 

 

- end -

 

 

For Media enquiries:

 

 Hongkong Land
 Jennifer Lam    (852) 2842 8222 / jennifer.lam@hkland.com
 Louise Corbett  (852) 2842 8541 / louise.corbett@hkland.com
 Ada Suen        (852) 2842 8262 / ada.suen@hkland.com

 

Brunswick Group Limited

 William Brocklehurst  (852) 5685 9881

 

This and other Group announcements can be accessed through the Internet at
'www.hkland.com'.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAZZMZMLMZGFZG