Henderson Land Development Company Limited ("Henderson Land" or “the Group”) (Stock code: 12) is pleased to announce that it has signed a Strategic Partnership Agreement with China Resources Land Limited (“CR Land”) (Stock code: 1109), which confirms the forging of a long-term strategic partnership between the two parties. A signing ceremony officiated by Dr. Peter Lee Ka-kit, Chairman of Henderson Land Group, and Mr. Li Xin, Chairman of the Board of CR Land, was held on 14 October.
According to the Agreement, Henderson Land and CR Land will invest in, construct, develop, operate, sell and/or lease real estate projects in mainland China and/or Hong Kong that are mutually recognised by both parties by means of a partnership, in hopes of establishing a strategic partnership.
Commenting on the arrangement, Dr. Peter Lee Ka-kit, Chairman of Henderson Land Group, said: “The signing of this Strategic Partnership Agreement is going to allow both parties to play to their unique strengths and create a win-win, mutually beneficial relationship. We are grateful for CR Land’s continued commitment to Hong Kong, and as the local developer with the largest land bank in the New Territories, we will fully support — and seize every opportunity arising from — the Northern Metropolis, in an effort to facilitate the Country’s overall development, help realise the integration of the Guangdong-Hong Kong-Macao Greater Bay Area, and contribute to the long-term prosperity and stability of Hong Kong.”
Mr. Li Xin, Chairman of the Board of CR Land, said: “Following the signing of this Agreement, both parties will uphold the partnership principles of ‘complementary strengths, reciprocal support, integrity, and mutual development’ to explore new development directions, identify new development momentum and open up new development opportunities for Hong Kong. This partnership will also boost collaboration in the Northern Metropolis and the Guangdong-Hong Kong-Macao Greater Bay Area and capitalise on the golden era of Hong Kong's governance and prosperity, as well as of the Greater Bay Area-Shenzhen dual driver, further enabling Hong Kong to integrate into the overall national development and leading the city into a new chapter.”
The Group welcomes “The Chief Executive’s 2022 Policy Address”, particularly the idea that the Northern Metropolis is going to be the foothold for Hong Kong’s strategic development and a new engine for Hong Kong to scale new heights. The Government will establish two dedicated committees, which comprise experts and stakeholders in the community to offer advice and suggestions, to take forward the development of the Northern Metropolis at full steam and to collaborate closely with the Guangdong Provincial Government, with the aim of enabling the Northern Metropolis to radiate beyond its geographical boundary and creating synergy with the Guangdong Province, the Shenzhen Municipality and the Greater Bay Area. This speaks to the infinite potential of the Northern Metropolis. When it comes to the Government’s plans to increase development density of the Northern Metropolis and to develop other railway projects in the area, the Group will fully support the Government in expediting the Northern Metropolis’s development, so as to collectively inject vibrancy into Hong Kong and steer the city towards a brighter future.