Hysan Development Company Limited
Encyclopedia
Hysan Development Company Limited is a property investment, management and development company listed on the Hong Kong Stock Exchange
. The company's roots in Hong Kong date back to 1923, when Lee Hysan
acquired plots of land in East Point, now known as Causeway Bay. Today, Hysan is the largest commercial landlord in Causeway Bay.
). "East point" in the colonial times primarily contained residential areas, with some offices dedicated to a British trading company. The development of the Jardine's Hill property to an entertainment ground, the modern day Lee Garden
and the following construction of the Lee Theatre
(built initially as a Chinese opera venue, as well as other stage performances) set the trend for the continual renewal and development of Causeway Bay.
The company was incorporated and listed on the Hong Kong Stock Exchange
in 1981, at the time owning five major developments in Causeway Bay. This has increased as Hysan has grown to become one of the leading property investment, development and management companies in Hong Kong. The Company's office, retail and residential portfolio is currently at over 4700000 square feet (436,644.3 m²). The Company's assets are predominantly based in Causeway Bay, and Hysan is the largest commercial landlord there.
The Lee Gardens and Lee Gardens Two are the company's flagship developments. They provide Grade A office space and house many luxury fashion brands. Lee Gardens Two is also a popular shopping destination for children's apparel.
The company's latest development is Hysan Place, located at 500 Hennessy Road. Its opening is scheduled for Q2 2012. There are 15 levels of office space and 17 floors of trend-setting retail outlets, totaling 710,000 square feet. Hysan Place is at the forefront of international environmental and sustainability standards, having achieved pre-certification at the Platinum level for the United States Green Building Council’s Leadership in Energy and Environmental Design (USGBC LEED), as well as the Hong Kong Building Environmental Assessment Method (HK BEAM) standard.
The Lee Gardens (office, retail)
Lee Gardens Two (office, retail)
Sunning Plaza (office, retail)
18 Hysan Avenue (office, retail)
111 Leighton Road (office, retail)
Lee Theatre Plaza (office, retail)
Leighton Centre (office, retail)
One Hysan Avenue (office, retail)
Hysan Place (office, retail)(under construction, opening 2012)
Bamboo Grove (residential)
Sunning Court (residential)
It is one of Hong Kong's most popular and vibrant shotting destinations, with many shops staying opening beyond midnight. It is a preferred shopping district for the local young and trendy, movie stars, and "tai-tais". Causeway Bay also has a lot of restaurants, bars and entertainment buildings. Among the well known sites in the northern half of Causeway Bay are Japanese department store Sogo, Victoria Park, and the Hong Kong Yacht Club. The Noodday Gun is fired daily near the Causeway Bay Typhoon Shelter. The southern half of Causeway Bay takes on a more relaxed character, but still boasts some of Hong Kong's best known shopping destinations. Within the area also lies the Hong Kong Stadium, home of the world renowned Hong Kong Rugby Sevens.
HKEx Stock Code: 00014
Bloomberg: 14HK
Reuters: 0014.HK
Ticket Symbol for ADR Code: HYSNY
CUSIP Reference Number: 449162304
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
. The company's roots in Hong Kong date back to 1923, when Lee Hysan
Lee Hysan
Lee Hysan was a renowned land developer and entrepreneur in Hong Kong. The ancestral home of the Lee family was Xinhui, Guangdong, and his father, Lee Leung Yik was an early participant in the U.S. gold rush. Hysan Lee was born in Hawaii and attended primary school in the United States. At age...
acquired plots of land in East Point, now known as Causeway Bay. Today, Hysan is the largest commercial landlord in Causeway Bay.
History
The company began when Lee Hysan first acquired Jardine's Hill property in 1923 and other plots of land around "east point" (now modern day Causeway BayCauseway Bay
Causeway Bay is a heavily built-up area of Hong Kong, People's Republic of China, located on the Hong Kong Island, and covering parts of Wan Chai and Eastern districts. The Chinese name is also romanized as Tung Lo Wan as in Tung Lo Wan Road...
). "East point" in the colonial times primarily contained residential areas, with some offices dedicated to a British trading company. The development of the Jardine's Hill property to an entertainment ground, the modern day Lee Garden
Lee Garden
Lee Garden is a hill south of East Point and west of Causeway Bay on the Hong Kong Island in Hong Kong, approximately the area between Percival Street, Hennessy Road and Leighton Road. It was also known as Jardine's Hill or East Point Hill.In early 19th century, the land of East Point, including...
and the following construction of the Lee Theatre
Lee Theatre
Lee Theatre was a prominent theatre in Causeway Bay on Hong Kong Island, Hong Kong. Once one of the premier performing venues in Hong Kong, the theatre was demolished in the 1990s and replaced with an office building and a shopping centre.-History:...
(built initially as a Chinese opera venue, as well as other stage performances) set the trend for the continual renewal and development of Causeway Bay.
The company was incorporated and listed on the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
in 1981, at the time owning five major developments in Causeway Bay. This has increased as Hysan has grown to become one of the leading property investment, development and management companies in Hong Kong. The Company's office, retail and residential portfolio is currently at over 4700000 square feet (436,644.3 m²). The Company's assets are predominantly based in Causeway Bay, and Hysan is the largest commercial landlord there.
The Lee Gardens and Lee Gardens Two are the company's flagship developments. They provide Grade A office space and house many luxury fashion brands. Lee Gardens Two is also a popular shopping destination for children's apparel.
The company's latest development is Hysan Place, located at 500 Hennessy Road. Its opening is scheduled for Q2 2012. There are 15 levels of office space and 17 floors of trend-setting retail outlets, totaling 710,000 square feet. Hysan Place is at the forefront of international environmental and sustainability standards, having achieved pre-certification at the Platinum level for the United States Green Building Council’s Leadership in Energy and Environmental Design (USGBC LEED), as well as the Hong Kong Building Environmental Assessment Method (HK BEAM) standard.
Portfolio
Hysan's portfolio comprises a total of 11 buildings:The Lee Gardens (office, retail)
Lee Gardens Two (office, retail)
Sunning Plaza (office, retail)
18 Hysan Avenue (office, retail)
111 Leighton Road (office, retail)
Lee Theatre Plaza (office, retail)
Leighton Centre (office, retail)
One Hysan Avenue (office, retail)
Hysan Place (office, retail)(under construction, opening 2012)
Bamboo Grove (residential)
Sunning Court (residential)
Causeway Bay
Causeway Bay, formerly known as East Point, is an area based on the northern shore of Hong Kong Island, located across Wan Chai District and Eastern District. A former fishing village, Causeway Bay grew through several stages of land reclamation. Jardines bought the land from the British colonial government in the early 19th century.It is one of Hong Kong's most popular and vibrant shotting destinations, with many shops staying opening beyond midnight. It is a preferred shopping district for the local young and trendy, movie stars, and "tai-tais". Causeway Bay also has a lot of restaurants, bars and entertainment buildings. Among the well known sites in the northern half of Causeway Bay are Japanese department store Sogo, Victoria Park, and the Hong Kong Yacht Club. The Noodday Gun is fired daily near the Causeway Bay Typhoon Shelter. The southern half of Causeway Bay takes on a more relaxed character, but still boasts some of Hong Kong's best known shopping destinations. Within the area also lies the Hong Kong Stadium, home of the world renowned Hong Kong Rugby Sevens.
Directors
Ms. Irene Lee is Chairman at Hysan. The board maintains 11 to 12 directors including other members of the Lee family and details about each can be found in the company's website: Hysan Development Company Limited. The company's CEO is Mr. Gerry Yim.Share listing
Hysan shares are listed on The Stock Exchange of Hong Kong Limited (HKEx). Its shares are also traded through over-the-counter facilities in London. In addition, it has a sponsored American Depositary Receipts (ADR) programme in the New York market.HKEx Stock Code: 00014
Bloomberg: 14HK
Reuters: 0014.HK
Ticket Symbol for ADR Code: HYSNY
CUSIP Reference Number: 449162304