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Company type | Public |
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SEHK: 4 | |
Industry |
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Founded | 1886; 139 years ago (1886) |
Headquarters | Kowloon, Hong Kong , |
Area served |
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Key people | Peter Woo (chairman) |
Owner | Wheelock and Company |
Parent | Wheelock and Company |
Website | www |
The Wharf (Holdings) Limited (Chinese:九龍倉集團), orWharf (九倉) in short, is a company founded in 1886 inHong Kong. As its name suggests, the company's original business was in running wharfage and dockside warehousing, and it was originally known asThe Hong Kong and Kowloon Wharf and Godown Company, Limited and founded by SirPaul Chater. The company adopted its current name in 1986. The current major holder of the company isWheelock & Co.
The company is still the owner of theStar Ferry,[1] although this icon of Hong Kong now forms a relatively small part of the company's portfolio. TheFive Flag Poles, a set of flag poles flying flags of the company, are a short walk from the Star Ferry'sTsim Sha Tsui pier and form a local landmark and meeting point.
In a more modern vein, the company owns two major flagship properties in theHarbour City andTimes Square shopping centres in Hong Kong. Both owe their origins to the company's transportation heritage, as they are respectively built on the site of the company's original wharf, and on the site of the original depot of theHong Kong Tramway (owned 1974–2009), a former subsidiary.
Other holdings in Hong Kong includei-CABLE,Cable TV andWTT, andModern Terminals. The company also holds many properties in theTsim Sha Tsui area ofKowloon.
On 26 July 2016, it was announced that Wharf Holdings (through Novel Colour Limited, a wholly owned subsidiary) is investing RMB 150 million to formWWE & Company, a social mobile shopping platform technology company.[2]
In 2017, The Wharf (Holdings) spun off its real estate portfolio as a sister listed companyWharf Real Estate Investment Company (Wharf REIC).[3]
In February 2018, Wharf REIC replaced The Wharf (Holdings) as the component of the blue chip indexHang Seng Index.[4][5]
In December 2020, the company was awarded a plot located onthe Peak for $1.5 billion, marking the first sale of a parcel in the prestigious neighbourhood since 2011.[6]
Wharf Hotels is a subsidiary that manages 17 hotels, as of 2022, in Mainland China, Hong Kong and the Philippines. Twelve of the hotels are under theMarco Polo Hotels brand and five are flagged under Niccolo Hotels.[7]