Fri Nov 15 08:36:48 UTC 2024: ## Hongkong Land Holdings Announces Strategic Review, Targets US$100 Billion AUM by 2035

**Hong Kong, [Date]** – Hongkong Land Holdings (HKL), a blue-chip property giant, has announced a strategic review aimed at simplifying its business and maximizing shareholder value. The announcement sent HKL’s share price soaring 15%.

The review, which involved extensive interviews with tenants, investors, and sector experts, identified a clear competitive positioning for HKL in ultra-premium commercial properties. HKL intends to focus on integrated investment properties in key locations like Central in Hong Kong, Marina Bay in Singapore, and the West Bund in Shanghai.

To achieve its goals, HKL plans to:

* **Recycle capital:** Realize value from its existing portfolio to improve return on equity (ROE) and overall financial performance.
* **Engage in third-party capital:** Partner with sovereign wealth funds, pension funds, and insurance companies to fund growth ambitions.
* **Grow its assets under management (AUM):** Target a US$80 billion AUM by 2030 and US$100 billion by 2035, with more than half comprising third-party capital.
* **Double underlying profit before interest and taxes (PBIT) and dividend per share by 2035.**

The strategic shift is expected to take several years, with a phased implementation plan outlined:

* **Phase One (2024-2028):** Capital recycling, deal sourcing, fundraising, and assessing potential gateway entries.
* **Phase Two (2028-2031):** Opportunity sourcing and capital sourcing from partners.
* **Phase Three (2031-2035):** Implementation of the new business model, with new projects coming online.

Investors are optimistic about HKL’s plans, particularly the clear value proposition and communicated objectives. The focus on capital recycling, third-party partnerships, and dividend growth is seen as a positive step towards realizing value for shareholders.

However, successful execution will be key to achieving the ambitious goals outlined in the strategic review.

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