Henderson Land Development

Henderson Land Development Co. Ltd. (Chinese: 恒基兆業地產有限公司; SEHK: 0012, OTC Pink: HLDCY) is a listed property company and a constituent of the Hang Seng Index. The company's principal activities are property development and investment, project management, construction, hotel operation, department store operation, finance, investment holding and infrastructure. It is the third largest Hong Kong real estate developer by market capitalisation. The company is controlled by Dr Lee Shau Kee, who speaks for approximately 61.88% of the share capital as at 30 June 2006.

Subsidiaries and associates

The company's stakes in its principal associates as at 31 December 2014 were Towngas (41.51%), Miramar Hotel and Investment Co, Ltd (45.08%) and Hong Kong Ferry (33.33%).

Henderson Investment

As at 31 December 2014,Henderson Investment ("HI") was a 69.27% listed subsidiary of the Company (67.14% as at 30 June 2006), which previously held the group stakes in the Hong Kong Ferry (Holdings) Company, the Miramar Hotel Group, and The Hong Kong and China Gas Company. Its shares have been consistently trading at below NAV.

Land development

Land development refers to altering the landscape in any number of ways such as:

Landowner or developers on any size of project will often want to maximise profits, minimise risk and control cash flow. This is a process called "profit enhancement", which means identifying and developing the best scheme for the local marketplace, whilst satisfying the local planning process. Development Analysis puts development prospects and the development process itself under the microscope, identifying where enhancements and improvements can be introduced. These improvements aim to align with best design practice, political sensitivities, and the inevitable social requirements of a project, with the overarching objective of increasing land values and profit margins on behalf of the landowner or developer.