# HENDERSON LAND DEVELOPMENT

Summary updated: 2026-10-02T10:03:40.982327Z
Canonical: https://finbar.com/research/companies/henderson-land-development

## Overview

Henderson Land Development Company Limited is a Hong Kong-based property group whose core businesses are property development and investment. Its wider operations include property leasing, department stores and supermarkets, hotels, and utility and energy interests. The company focuses on Hong Kong and the Chinese Mainland, with investment properties also located in major Mainland cities including Beijing, Shanghai and Guangzhou. Founded in 1976 and listed in Hong Kong since 1981, it describes its purpose in terms of creating value for shareholders, customers and the community through product quality and service, alongside a focus on sustainability and smarter living. [1](https://app.finbar.com/go?id=P154917721)[2](https://app.finbar.com/go?id=P154917722)[3](https://app.finbar.com/go?id=P154917726)[4](https://app.finbar.com/go?id=P154917723)[5](https://www.hld.com/about-the-group/corporate-profile)[6](https://app.finbar.com/go?id=P154917719)

For the year ended 31 December 2025, the group reported HK$25.741 billion in revenue from the company and subsidiaries before non-controlling interests; a broader segment measure, which includes the group’s share of associates and joint ventures and utility and energy, was HK$68.209 billion. The company’s official profile indicates approximately 10,000 full-time employees. [7](https://app.finbar.com/go?id=T17865724) [5](https://www.hld.com/about-the-group/corporate-profile)
[1](https://app.finbar.com/go?id=P154917721)[2](https://app.finbar.com/go?id=P154917722)[3](https://app.finbar.com/go?id=P154917726)[4](https://app.finbar.com/go?id=P154917723)[6](https://app.finbar.com/go?id=P154917719)[7](https://app.finbar.com/go?id=T17865724)[7](https://app.finbar.com/go?id=T17865724)[5](https://www.hld.com/about-the-group/corporate-profile)

## Products & services

Henderson Land Development’s products include residential homes and mixed-use developments, commercial property, and leasing space. Its Hong Kong residential portfolio includes Chester (241 units), One Victoria Cove (912), woodis (167), Highwood (816) and The Legacy (172); company disclosures track project sales and presales, unsold units, ownership interests and completion status. [8](https://app.finbar.com/go?id=T18233668)[9](https://app.finbar.com/go?id=P154918364)

Property leasing includes office and retail space in Hong Kong and mainland China. Named mainland properties include World Financial Centre in Beijing, Henderson Metropolitan and Lumina Shanghai in Shanghai, and Lumina Guangzhou; disclosed property information includes uses, floor area, parking, occupancy and rental income. [8](https://app.finbar.com/go?id=T18233668)[10](https://app.finbar.com/go?id=P154919653) Other offerings include department-store and supermarket operations, hotel room and management services, construction and property/project management, agency, security and cleaning, food and beverage, travel, finance, and building-material trading. The group also provides gas products and services, water supply and waste treatment, renewable energy, extended businesses and advanced fuels. [11](https://app.finbar.com/go?id=T19049176)[12](https://app.finbar.com/go?id=T18233715)

For the six months ended 30 June 2026, reported combined revenue was HK$14,326 million from property development, HK$4,584 million from property leasing, HK$698 million from department-store and supermarket operations, HK$323 million from hotel room operations, HK$1,387 million from other businesses, and HK$19,285 million from utility and energy. These represented approximately 35.3%, 11.3%, 1.7%, 0.8%, 3.4% and 47.5%, respectively, of total combined revenue of HK$40,603 million; percentages are calculated from the reported figures. Utility and energy revenue was reported through associates and joint ventures in the segment table. [11](https://app.finbar.com/go?id=T19049176)[13](https://app.finbar.com/go?id=T19049177)
[8](https://app.finbar.com/go?id=T18233668)[9](https://app.finbar.com/go?id=P154918364)[8](https://app.finbar.com/go?id=T18233668)[10](https://app.finbar.com/go?id=P154919653)[11](https://app.finbar.com/go?id=T19049176)[12](https://app.finbar.com/go?id=T18233715)[11](https://app.finbar.com/go?id=T19049176)[13](https://app.finbar.com/go?id=T19049177)

## Geographic presence

Henderson Land Development’s main property markets are Hong Kong and the Chinese Mainland. In its 2026 interim reporting, the company disclosed attributable property floor area of 20.3 million sq. ft. in Hong Kong and 23.7 million sq. ft. in the Mainland; its Hong Kong land bank included 38.4 million sq. ft. of attributable land area in the New Territories. Mainland investment-property locations cited include Shanghai, Beijing and Guangzhou. [14](https://app.finbar.com/go?id=T19049131)

For the six months ended 30 June 2026, reported property-development and leasing revenue totaled HK$17,018 million in Hong Kong and HK$1,892 million in the Chinese Mainland—approximately 90% and 10%, respectively, of their combined HK$18,910 million. These percentages are calculated from the reported segment figures and do not represent a geographic split of all Group revenue. [14](https://app.finbar.com/go?id=T19049131)

A Hong Kong and China Gas joint venture has energy projects in Inner Mongolia and Foshan, with stated reach to North China ports and, for the Foshan project, South China, Hong Kong and Southeast Asia ports. The company’s registered office is at Two International Finance Centre, Central, Hong Kong. The reviewed sources did not specify employee distribution by geography. [13](https://app.finbar.com/go?id=T19049177)[15](https://app.finbar.com/go?id=P163665935)[16](https://app.finbar.com/go?id=P163665980)
[14](https://app.finbar.com/go?id=T19049131)[13](https://app.finbar.com/go?id=T19049177)[15](https://app.finbar.com/go?id=P163665935)[16](https://app.finbar.com/go?id=P163665980)[17](https://www.hld.com/en/investor-information/corporate-information)

## Business segments

For the six months ended 30 June 2026, Henderson Land Development reported six business segments. Approximate contributions below are shown as **revenue / segment results**, based on the report’s attributable combined totals of HK$38,365 million and HK$8,416 million, respectively. Property development (development and sale of properties) contributed **33.6% / 34.2%**; property leasing (leasing of properties), **11.4% / 37.9%**; department stores and supermarket-cum-stores operations, **1.3% / 0.4%**; and hotel room operation, **0.6% / 1.0%**. [13](https://app.finbar.com/go?id=T19049177)[11](https://app.finbar.com/go?id=T19049176)

Other businesses—which include hotel management apart from room operations, construction, finance, investment holding, project and property management, agency, security and cleaning, food and beverage, travel, and building-material trading—contributed **2.8% / 1.3%**. Utility and energy, covering gas and related services, water supply and waste treatment, renewable energy, extended businesses and advanced fuels, contributed **50.3% / 25.3%**. Utility and energy figures include the Group’s attributable share of associates and joint ventures, so the combined-revenue basis is broader than consolidated revenue alone. [13](https://app.finbar.com/go?id=T19049177)[11](https://app.finbar.com/go?id=T19049176)
[13](https://app.finbar.com/go?id=T19049177)[11](https://app.finbar.com/go?id=T19049176)

## Company history

Henderson Land Development was founded in Hong Kong in 1976 by Lee Shau Kee, who served as its Chairman and Managing Director from its formation. The company was listed in Hong Kong in 1981. [1](https://app.finbar.com/go?id=P154917721)[18](https://www.hld.com/en/about-the-group/our-founder) [19](https://www.hld.com/en/50th-anniversary/milestones)

During the 1980s and 1990s, the company completed major residential developments, including City One Shatin in 1988, Sunshine City in 1993 and Metro City in 1996. It later expanded its landmark commercial portfolio with One ifc, completed in 1998, and Two ifc, completed in 2003. [19](https://www.hld.com/en/50th-anniversary/milestones)

The company expanded its presence in mainland China in the 2000s, including completion of Beijing World Financial Centre in 2009. In 2017, it acquired the Central site that became The Henderson; the building welcomed its first tenants in June 2024. [19](https://www.hld.com/en/50th-anniversary/milestones) [20](https://www.hld.com/en/our-news/press-releases/henderson-land-welcomes-the-first-batch-of-tenants-into-the-henderson)

On 28 May 2019, Lee Shau Kee retired as Chairman and Managing Director, and his sons Lee Ka Kit and Lee Ka Shing took those roles. Lee Shau Kee died on 17 March 2025. [21](https://app.finbar.com/go?id=P154904295) [22](https://app.finbar.com/go?id=P154903957) [23](https://app.finbar.com/go?id=P154918868)
[1](https://app.finbar.com/go?id=P154917721)[21](https://app.finbar.com/go?id=P154904295)[22](https://app.finbar.com/go?id=P154903957)[23](https://app.finbar.com/go?id=P154918868)[18](https://www.hld.com/en/about-the-group/our-founder)[19](https://www.hld.com/en/50th-anniversary/milestones)[20](https://www.hld.com/en/our-news/press-releases/henderson-land-welcomes-the-first-batch-of-tenants-into-the-henderson)

## Sources

1. [HENDERSON LAND DEVELOPMENT — Full financial report (2025 Y), p4](https://app.finbar.com/go?id=P154917721)
2. [HENDERSON LAND DEVELOPMENT — Full financial report (2025 Y), p4](https://app.finbar.com/go?id=P154917722)
3. [HENDERSON LAND DEVELOPMENT — Full financial report (2025 Y), p5](https://app.finbar.com/go?id=P154917726)
4. [HENDERSON LAND DEVELOPMENT — Full financial report (2025 Y), p4](https://app.finbar.com/go?id=P154917723)
5. [www.hld.com](https://www.hld.com/about-the-group/corporate-profile)
6. [HENDERSON LAND DEVELOPMENT — Full financial report (2025 Y), p4](https://app.finbar.com/go?id=P154917719)
7. [HENDERSON LAND DEVELOPMENT — Press release (2025 Y), p56](https://app.finbar.com/go?id=T17865724)
8. [HENDERSON LAND DEVELOPMENT — Presentation (2026 H 1), p7](https://app.finbar.com/go?id=T18233668)
9. [HENDERSON LAND DEVELOPMENT — Full financial report (2025 Y), p85](https://app.finbar.com/go?id=P154918364)
10. [HENDERSON LAND DEVELOPMENT — Full financial report (2025 Y), p247](https://app.finbar.com/go?id=P154919653)
11. [HENDERSON LAND DEVELOPMENT — Full financial report (2026 H 1), p70](https://app.finbar.com/go?id=T19049176)
12. [HENDERSON LAND DEVELOPMENT — Presentation (2026 H 1), p39](https://app.finbar.com/go?id=T18233715)
13. [HENDERSON LAND DEVELOPMENT — Full financial report (2026 H 1), p71](https://app.finbar.com/go?id=T19049177)
14. [HENDERSON LAND DEVELOPMENT — Full financial report (2026 H 1), p3](https://app.finbar.com/go?id=T19049131)
15. [HENDERSON LAND DEVELOPMENT — Full financial report (2026 H 1), p25](https://app.finbar.com/go?id=P163665935)
16. [HENDERSON LAND DEVELOPMENT — Full financial report (2026 H 1), p31](https://app.finbar.com/go?id=P163665980)
17. [www.hld.com](https://www.hld.com/en/investor-information/corporate-information)
18. [www.hld.com](https://www.hld.com/en/about-the-group/our-founder)
19. [www.hld.com](https://www.hld.com/en/50th-anniversary/milestones)
20. [www.hld.com](https://www.hld.com/en/our-news/press-releases/henderson-land-welcomes-the-first-batch-of-tenants-into-the-henderson)
21. [HENDERSON LAND DEVELOPMENT — Full financial report (2019 Y), p123](https://app.finbar.com/go?id=P154904295)
22. [HENDERSON LAND DEVELOPMENT — Full financial report (2019 Y), p89](https://app.finbar.com/go?id=P154903957)
23. [HENDERSON LAND DEVELOPMENT — Full financial report (2025 Y), p157](https://app.finbar.com/go?id=P154918868)

AI-generated summary; may contain errors. Not investment advice. Sign up to Finbar to view original document sources and access worldwide fundamental financial data and intelligence.