Properties

Hong Kong – Wheelock and Company Limited (WAC) and China Life Insurance (Overseas) Company Limited (“China Life (Overseas)”) hold a handover ceremony today for West Office Tower and West Retail Villa at One HarbourGate.

One HarbourGate is completed on schedule and has obtained the Certificate of Compliance. West Office Tower and West Retail Villa of One HarbourGate is named “China Life Center” Tower A and Tower B respectively. China Life (Overseas)’s significant investment and acquisition of this property as their headquarters are going to enhance Hong Kong’s status as an international financial and business center.

Developed by Wheelock Properties, One HarbourGate comprises two grade-A full seaview office towers and two retail villas. China Life (Overseas) acquired enbloc West Office Tower and West Retail Villa for HK$5.85 billion in November 2015.  The 15-storey West Office Tower offers a gross area of approximately 357,000 square feet, while the 2-storey West Retail Villa has a gross area of approximately 36,000 square feet.

Wheelock always put great focus on the quality of the development and after-sale services. A handover team is specially established for China Life (Overseas) to ensure the handover procedure is totally hassle-free and meet the state-of-the-art requirement of China Life (Overseas) for a high quality work environment. 

Wheelock and Company Limited (HKSE: 00020) ("Wheelock") is a listed property company, headquartered in Hong Kong.

Building on a commercial legacy that dates back to 1857 when the company was founded in Shanghai, the Group is, today, an active company that is committed to investing in the long term to generate strong and steady return for shareholders.

Wheelock Group now operates in Hong Kong, Mainland China and Singapore. Total assets of the Group reached HK$512 billion as of December 2015, and its three key subsidiaries generated revenue of HK$57.43 billion for the Group in 2015.

For further details, please visit www.wheelockcompany.com and www.wheelockpropertieshk.com

China Life Insurance (Overseas) Company Limited (abbreviated as “China Life (Overseas)”) is a wholly-owned subsidiary of China Life Insurance (Group) Company, the largest financial insurance corporation in China. For 14 consecutive years, the parent company is a Fortune Global 500 company, which ranked 54^th in 2016, with a brand value of over RMB 253.6 billion*.

China Life (Overseas) established its Hong Kong branch in 1984, entered Macau in 1989 and opened a subsidiary in Singapore in 2015. With a total asset value exceeding HKD170 billion^#, our business covers three main categories, including life insurance, investment and provident fund services. We strive to provide customers with high-quality products and professional services. As of 2015, our total premium income exceeded HKD40 billion and our agency force comprised over 3,300 people.

China Life (Overseas) is assigned an "A1" insurance financial strength rating by Moody's⁺, and an "A+" long-term local currency issuer credit rating and insurer financial strength rating by Standard & Poor's ^{^}.

For further details, please visit www.chinalife.com.hk

* Source: ‘Top 500 Most Valuable Chinese Brands’ 2016 by World Brand Lab

^# As of March, 2016
⁺ As of 8 March, 2016

^{^} As of 1 April, 2016