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Hongkong Land Holdings ( (GB:HKLD) ) has issued an update.
Hongkong Land Holdings Limited has announced the launch of its inaugural private real estate fund, the Singapore Central Private Real Estate Fund (SCPREF), which is expected to be the largest of its kind in Singapore with over S$8 billion in assets under management. The fund will focus on prime commercial properties in Singapore, enhancing Hongkong Land’s strategy to grow its assets under management to US$100 billion by 2035. The company plans to transfer its interests in several key Singapore properties into SCPREF, with the fund’s establishment supported by third-party capital commitments and proceeds from recent property sales. This move aligns with Hongkong Land’s strategic focus on capital recycling and investment in ultra-premium integrated commercial properties in Singapore.
The most recent analyst rating on (GB:HKLD) stock is a Buy with a $7.70 price target. To see the full list of analyst forecasts on Hongkong Land Holdings stock, see the GB:HKLD Stock Forecast page.
More about Hongkong Land Holdings
Hongkong Land is a major listed property development, investment, and management group focusing on ultra-premium mixed-use real estate in Asian gateway cities. The company manages over US$40 billion in assets, with a significant presence in Hong Kong, Singapore, and Shanghai. Established in 1889, Hongkong Land is part of the Jardine Matheson Group and is listed on the London Stock Exchange, with secondary listings in Singapore and Bermuda.
Average Trading Volume: 7,504
Technical Sentiment Signal: Buy
Current Market Cap: $14.23B
For an in-depth examination of HKLD stock, go to TipRanks’ Overview page.