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Pacific Century Premium Developments Limited* (“PCPD” or the “Group”, SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited (“PCCW”, SEHK: 00008) is the single largest shareholder of the Group.
PROPERTY DEVELOPMENT AND INVESTMENT
PCPD develops high-end residential, office, and commercial properties across prominent markets in Asia including Hong Kong, Japan, Thailand and Indonesia. By tapping into the growing demand for high-quality infrastructure and premium developments in key locations, the Group consistently enhances the value of its real estate assets in prime locations, with the aim of generating long-term returns for its shareholders and other stakeholders.
Over the years, the Group has explored investment opportunities around the world and gradually built a diversified portfolio of premium-grade property projects in strategic locations with strong long-term demand.
Following the 2008 completion of the final phase of the Group’s signature project, Residence Bel-Air, which has since been recognised as one of the city’s most prestigious residential developments, the Group is currently redeveloping a prime site in Central, Hong Kong. The site will be transformed into Central Residence by the Park, a luxury residential project. It is expected to become another landmark project in Hong Kong for the Group, scheduled for completion in 2026.
The Group has also established a strong presence in Japan through Park Hyatt Niseko, Hanazono. This hospitality business in Niseko, Hokkaido, has been in operation since early 2020, and the sales of Park Hyatt Niseko Hanazono Residences have progressed substantially. The next phase of sizeable development, including the Park Hyatt branded villas in Niseko, is proceeding well.
The Group had acquired a site in Sudirman CBD, Jakarta, Indonesia, and developed it into a premium Grade A office building, Pacific Century Place, Jakarta. Completed in 2017, it has become a landmark business cluster for multinational corporations and financial institutions in the area.
In Thailand, development of the luxury resort Aquella in Phang Nga has commenced. The Aquella Golf & Country Club started operations in the second half of 2021, and phase one of the project features Aquella Lakeside Residences, a limited collection of award-winning private pool villas.
PROPERTY AND ASSET MANAGEMENT
Leveraging its extensive experience and expertise, the Group provides property and asset management services for a wide range of premises.
* Pacific Century Premium Developments Limited is a company incorporated in Bermuda with limited liability
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