On March 12, Hongkong Land announced the appointment of four Portfolio Chief Executives and the establishment of a revised Management Committee. These changes took effect March 1 and are part a new portfolio-led operating model designed to drive growth across the group’s core markets. The updated operating model follows a year into Hongkong Land’s Strategic Vision 2035 which was announced in Oct 29, 2024.
The group has achieved 90% of its 2027 capital recycling target, as well as launching the Singapore Central Private Real Estate Fund (SCPREF). Each Portfolio Chief Executive will have direct responsibility for the strategic direction and performance of their portfolio. They will report directly to Group Chief Executive Michael Smith.
Alvin Kong, Chief Executive, China Integrated Properties, will lead the strategic direction and performance of Hongkong Land’s Mainland China-based assets, excluding Westbund Central.
Graeme Torre, Chief Executive, Hong Kong Central, will be responsible for strengthening Hong Kong Central’s position as the leading ultra-premium integrated commercial portfolio in the market.
Foo Pei Teng, Chief Executive, SCPREF will manage and grow Hongkong Land’s ultra-premium integrated commercial portfolio in Singapore through SCPREF, which is Singapore’s largest office-focused private real estate fund.
Stuart Grant, Chief Executive, Westbund Central, will lead the development and performance of Westbund Central, a mega integrated development project in Shanghai.
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Smith says: “These appointments are an important step in our next chapter. Alvin, Graeme, Pei Teng and Stuart are proven leaders in commercial real estate. They bring the experience and judgement needed to further drive our performance across each of our core portfolios. By putting decision-making closer to our assets and our customers, we will be better positioned to deliver long-term value across all our core markets.”
