Wharf Estates Singapore

Wharf Estates Singapore Pte. Ltd.
Formerly
  • Marco Polo Developments Limited
  • Wheelock Properties (Singapore) Limited
  • Wheelock Properties (Singapore) Pte. Ltd.
Company typesubsidiary
SGX: M35 (former)
IndustryProperties
Founded1972
Headquarters
Singapore
,
Singapore
Area served
Singapore
Key people
Stephen Ng (Chairman)[1]
OwnerWharf REIC (100%)
ParentWharf REIC
Websitewww.wharfestates.com.sg

Wharf Estates Singapore Pte. Ltd., formerly Marco Polo Developments Limited, Wheelock Properties (Singapore) Limited and Wheelock Properties (Singapore) Pte. Ltd., engages in property development and investment in Singapore.[2] It is a subsidiary of Wharf Real Estate Investment Company (Wharf REIC),[3]: 159  itself a listed subsidiary of Wheelock & Co. Wharf REIC and Wharf Estates Singapore are named after The Wharf (Holdings), another subsidiary of Wheelock & Co..

Business overview

Its development properties are Grange Residences, The Sea View, The Cosmopolitan, Ardmore Park, Ardmore II, Scotts Square, Orchard View and Ardmore 3, and its investment property is Wheelock Place.[4]

History

The company was incorporated in Singapore in 1972 and listed on the Singapore Exchange (SGX) in 1981.

In 1995, Wharf Estates Singapore, at that time known as Marco Polo Developments Limited was sold by The Wharf (Holdings) to its sister company Hongkong Realty.[5] Hongkong Realty later renamed to Wheelock Properties Limited in 2004. Both Hongkong Realty (Wheelock Properties) and The Wharf (Holdings) are Wheelock & Co. subsidiaries. Marco Polo Developments later renamed to Wheelock Properties (Singapore) Limited.

Wheelock Properties (Singapore) Limited was taken over by its parent company Wheelock & Co.[6] and was delisted from the SGX on 18 October 2018, becoming Wheelock Properties (Singapore) Pte. Ltd..

Wheelock & Co. and its subsidiary The Wharf (Holdings)'s formed a spin-off listed company Wharf Real Estate Investment Company (Wharf REIC) for their real estate portfolios. In 2019, Wheelock Properties (Singapore), and its subsidiaries and real estate portfolios were acquired by Wharf REIC.[7]

Circa 2020 Wheelock Properties (Singapore) was renamed Wharf Estates Singapore.

References

  1. ^ "BOARD OF DIRECTORS". Wharf Estates Singapore. Retrieved 13 November 2020.
  2. ^ Wheelock Properties (Singapore) Ltd. Archived 2017-11-08 at the Wayback Machine
  3. ^ "Annual Report 2019" (PDF). Wharf Real Estate Investment Company. April 2020. Retrieved 12 November 2020.
  4. ^ Wheelock Properties (Singapore) Limited
  5. ^ "Wheelock Sets Big Asset Swap Between Units". The Wall Street Journal Asia. 30 May 1995.
  6. ^ Ong, Yunita (16 October 2018). "Wheelock Properties to delist on Oct 18". The Straits Times. Retrieved 12 June 2020.
  7. ^ Hui, Kevin C.Y. (18 December 2019). "Announcement Connected Transaction" (PDF) (Press release). Wharf Real Estate Investment Company. Retrieved 13 November 2020 – via hkexnews.hk.