HONGKONG LAND HOLDINGS LIMITED
HONGKONG LAND ANNONCES THE APPOINTMENT OF CHIEF EXECUTIVE FOR
ICONIC WESTBUND CENTRAL DEVELOPMENT IN SHANGHAI
· Hongkong Land's advancement of Westbund Central demonstrates
commitment to excellence in China
Hongkong Land announced today that
Stuart Grant has been appointed as Executive Director & Chief
Executive of Westbund Central, as of 30 June 2025. Stuart's
appointment is the latest addition to the senior leadership team at
Westbund Central, Hongkong Land Holdings Limited's (the Company)
US$8 billion anchor gateway city project in Shanghai.
At 1.1 million sq. m., Westbund
Central is the largest commercial project underway in Asia and
embodies the Company's new strategy of focusing on developing
ultra-premium integrated properties in Asian gateway cities to
drive sustainable, long-term growth. Its high-quality retail and
office offering is gaining strong momentum, with global and leading
local companies and brands moving to secure space in the
development ahead of its completion.
Stuart joins Westbund Central to
provide dedicated leadership across all aspects of the iconic
development and optimise the world-class integrated offering for
tenants and customers. He will become a member of the Company's
executive management team, reporting to Michael Smith, Chief
Executive of Hongkong Land. Stuart will step down from the Board
and the Audit Committee of the Company at the Group's Annual
General Meeting in May 2025, before assuming his new role. A
further announcement regarding Stuart's Board replacement will be
made in due course.
Stuart spent 18 years at Blackstone
and was Senior Managing Director of their Asian real estate
business where he oversaw the management of US$20 billion worth of
investments across Greater China, India, Singapore, Japan, Korea
and Australia.
Prior to joining Hongkong Land, he
served as Chairman and CEO of Brookfield's Advanced Research
Clusters real estate platform. Stuart has an acute understanding of
how to build unique ecosystems, the significance of innovation and
the importance of partnership - all key elements that strongly
align with Hongkong Land's recently announced strategic
direction.
Michael Smith, Chief Executive of
the Company, said: "Stuart brings a wealth of experience and a
track record of creating value through exemplary asset
management."
"Stuart's addition alongside the
exceptional senior leadership team we have assembled will ensure
Westbund Central fulfils its vision to be one of the world's best
ecosystems for lifestyle and business," he added.
Stuart Grant said: "It is a great
privilege to join such a dynamic company and iconic project.
Together with the team, I look forward to working with our joint
venture and local district partners as we create a thriving new hub
for lifestyle, hospitality and business that will transform the
experience of residents and visitors in the heart of
Shanghai."
Stuart joins Westbund Central's
leadership team after several recent senior appointments including
a new head of government and partner relations, as well as office
leasing. These seasoned leadership hires bring significant
experience of both the local market and large-scale developments.
They are a testament to the Company's strong commitment to enhanced
partner collaboration and further strengthening operations across
office and retail leasing, hospitality, and residential
offerings.
Westbund Central
Hongkong Land's Westbund Central is
the Group's largest-ever single investment. Scheduled to complete
in phases up until 2028, it is an US$8 billion development
encompassing approximately 1.1 million sq. m. of prime mixed-use
property strategically located at Shanghai's Xuhui Waterfront. It
is a flagship development of the Company's prime commercial
properties' CENTRAL Series. The ultra-premium integrated commercial
property includes 240,000 sq. m of retail space, 650,000 sq. m. of
Grade A offices, 160,000 sq. m. of high-end waterfront luxury
residences, two hotels operated by Mandarin Oriental Hotel Group
(55,000 sq. m.) and over 50,000 sq. m. of cultural and art
venues.
Hongkong Land
Hongkong Land is a major listed
property investment, management and development group. Founded in
1889, it is a market leader in the development of experience-led
city centres that unlock value for generations by combining
innovation, placemaking, exceptional hospitality and
sustainability.
The Group focuses on developing,
owning and managing ultra-premium mixed-use real estate in Asian
gateway cities, featuring Grade A office, luxury retail,
residential and hospitality products. Its mixed-use real estate
footprint spans more than 850,000 sq. m., with flagship projects in
Hong Kong, Singapore and Shanghai. Its properties hold industry
leading green building certifications and attract the world's
foremost companies and luxury brands.
The Group's Hong Kong Central
portfolio represents some 450,000 sq. m. of prime property.
LANDMARK, the luxury shopping destination of the Hong Kong Central
portfolio, is undergoing a three-year, US$1 billion expansion and
upgrade, which aims to reinforce the portfolio as a world-class
destination for luxury, retail, lifestyle and business. The Group
has a further 165,000 sq. m. of prestigious office space in
Singapore mainly held through joint ventures and five retail
centres on the Chinese mainland, including a luxury retail centre
at Wangfujing in Beijing.
Hongkong Land Holdings Limited is
incorporated in Bermuda and has a primary listing in the equity
shares (transition) category of the London Stock Exchange, with
secondary listings in Bermuda and Singapore. Hongkong Land is a
member of the Jardine Matheson Group.
For further information, please
contact:
Jonathan Lloyd, Jardine Matheson
Limited
For and on behalf of Hongkong Land
Holdings Limited
5 March 2025
www.hkland.com
