Major Investment Properties

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1 Review of Operations Business in Mainland China Major Investment Properties Following the successive opening of World Financial Centre, Henderson Metropolitan and Centro in recent years, the latest milestone in the Group s growing mainland presence was the full completion of Greentech Tower in Shanghai in early At the year end, the Group s mainland investment property portfolio comprised a total attributable gross floor area note of 6.4 million square feet with the number of its major projects increased to a total of eight. Driven by both higher rents and increased contributions from new investment properties, the Group s attributable gross rental income and pre-tax net rental income increased, respectively, by 27% to HK$1,162 million and by 48% to HK$867 million during the year under review. (Note: The Group held additional rentable car parking spaces with a total area of around 0.7 million square feet) Major Completed Mainland Investment Properties Project name and location Lease expiry Group s interest (%) Attributable gross floor area (million square feet) Commercial Office Carparks World Financial Centre, Beijing Henderson Centre, Beijing Henderson Metropolitan, Shanghai Office Tower II, Grand Gateway, Shanghai Centro, Shanghai Greentech Tower, Shanghai Skycity, Shanghai Hengbao Plaza, Guangzhou Total: Annual Report

2 Status of Major Completed Investment Properties Beijing World Financial Centre, Chaoyang District (100% owned) World Financial Centre, as its name denotes, houses many world-wide financial institutions such as Standard Chartered Bank, Rabobank and CITIC Prudential Insurance Company. Designed by the world-famous architect Cesar Pelli as twin crystal jewel boxes incorporating special effect façade lighting on the exterior, this international Grade-A office complex recorded a 38% year-on-year growth in rental income to HK$455 million, with over 96% leasing rate by the end of World Financial Centre, Chaoyang District, Beijing Henderson Centre, Dongcheng District (100% owned) The shopping mall at Henderson Centre performed well during the year with occupancy rate close to 90% at 31 December Henderson Centre, Dongcheng District, Beijing 76 Annual Report 2012

3 Shanghai Henderson Metropolitan, Huangpu District (100% owned) Henderson Metropolitan located at the start of Nanjing Road East pedestrian avenue draws keen leasing response from many multinational companies such as Oracle Corporation and Deutsche Lufthansa AG and its over 400,000 square feet of prime office space was nearly fully let. Its 400,000-square-foot shopping mall, which features many branded retailer flagships such as Apple, Sa Sa and Azul by Moussy, is also the shopping Mecca in town. By staging a variety of impressive promotions throughout the year, this shopping mall has gained an increasing popularity and for the month of December 2012, business turnover for its retail tenants increased by 31% year-on-year to over HK$18 million. During the year under review, the total rental income for Henderson Metropolitan recorded a satisfactory growth of 28% year-on-year to HK$200 million. Henderson Metropolitan, Huangpu District, Shanghai Office Tower II, The Grand Gateway, Xuhui District (100% owned) Grand Gateway Office Tower II houses many multinational corporations such as Microsoft and Yum! Brands Inc. Total rental income for the year under review amounted to HK$187 million, with its leasing rate remaining high at over 90% as at 31 December Office Tower II, The Grand Gateway, Xuhui District, Shanghai Annual Report

4 Centro, Zhabei District (100% owned) Centro, which was awarded the Gold rating of LEED and Platinum rating of BEAM, boasts approximately 370,000 square feet of Grade-A office space and 60,000 square feet of retail area. Its office space was over 90% leased out by the end of Centro, Zhabei District, Shanghai Greentech Tower, Zhabei District (100% owned) Greentech Tower was completed in early The full complement of amenities such as banks, convenience stores and coffee shops at its commercial podia make Greentech Tower a preferred destination for business and its office space was 85% let by the end of Greentech Tower, Zhabei District, Shanghai 78 Annual Report 2012

5 Skycity, Zhabei District (100% owned) Skycity, a renowned shopping centre for mobile handset products in the Zhabei District, enjoyed full occupancy for its four-level shopping arcade at the financial year end. Skycity, Zhabei District, Shanghai Guangzhou Heng Bao Plaza, Liwan District (100% owned) Heng Bao Plaza atop a busy subway station contains a vast array of fashion brands, dining outlets and large-scale retailers. Its leasing rate by the end of 2012 was over 92%. Annual Report