Why the 137-year-old developer Hongkong Land is reinventing itself—and trying to loosen its ties to its home city
Hongkong Land, a 137-year-old developer historically tied to Hong Kong's real estate market, is undergoing a significant transformation under new CEO Michael Smith. The company aims to shift its focus from being a direct property owner to a fund manager, attracting institutional co-investors to expand its presence across Asia. This strategic pivot is intended to diversify its business model and improve its valuation, which has been heavily correlated with Hong Kong's office rents. AI
