Cheung Kei Hosts Handover Ceremony of 5 Churchill Place in London

2018.05.03

April 30, 2018, the Grand Handover Ceremony of the 5 Churchill Place, a Grade A office building in Canary Wharf in London, the United Kingdom, was held successfully at the lobby of the 5 Churchill Place. More than 50 guests attended the ceremony, including Mr. Chen Pengyu, Vice President of Cheung Kei Group, Mr. Chen Shanglin, representative of Shenzhen DonghuaTong Trade Development Limited Company, representatives of Acquisition Department of Cheung Kei Group, seller Saïd Holdings Limited, tenant J.P. Morgan Markets Limited, London government officials, representatives of Canary Wharf Management Limited as well as business partners such as Lloyds Bank, Deutsche Bank, Jones Lang LaSalle (JLL), Addleshaw Goddard, Ernst & Young, BNP Paribas Real Estate UK, BGC, Knight Frank and CMS.

5 ChurchillPlace

At the ceremony, Mr. Wafic Saïd, representative of the seller Saïd Holdings Limited and Mr. Chen Pengyu, Vice President of Cheung Kei Group, delivered speeches respectively and exchanged gifts. Both expressed their warmest congratulations to the success of the 5 Churchill Place project and their gratitude to the business partners, hoping to deepen their collaborations to achieve a long-term win-win.

Vice President Mr. Chen Pengyu and the seller representative Mr. Wafic Saïd

In November 2017, Hong Kong's Cheung Kei Group bought 5 Churchill Place for £270 million. The acquisition followed an earlier deal in July last year, when the Group acquired 20 Canada Square, a landmark prime office building.

Cheung Kei Group representatives and its business partner Addleshaw Goddard

Located in the heart of Canary Wharf financial district, 5 Churchill Place is highly accessible and surrounded by the headquarters and branches of internationally renowned banks, business giants as well as media and publishing companies, including China Life Insurance Company, Credit Suisse, HSBC, Morgan Stanley, JPMorgan Chase, Citibank, Daily Telegraph and Thomson Reuters.  

Designed by a well-known architectural firm HOK, the 12-storey 5 Churchill Place comprises circa 40,000 square meters of modern offices and offers unrivalled panoramic views of River Thames. The building earned the Excellent award from BRE for its sophisticated design.

Cheung Kei Group representatives and its business partner Ernst & Young

Currently, J.P. Morgan Markets Limited is the lead tenant and other world-famous companies have offices in the building, including Time Inc., American Express and English infrastructure giant Balfour Beatty.The annual average return of the building is about 5.3%. With robust rental growth, the building is investment-worthy and will bring about HK$200 million rental income to Cheung Kei Group every year.

Cheung Kei Group representatives and its business partner Jones Lang LaSalle

Founded in 1990, Cheung Kei Group, headquartered in Hong Kong and Shenzhen for overseas and domestic investments businesses respectively, is an internationalized investment holding group with the paradigm in value investment, commercial civilization and long-term holdings of diversified assets. The Group focuses on the investments and acquisition of premium corporation shareholding in capital market, high-quality property in global core economies as well as financial assets. It has developed a double-wheel strategy called “Investment-Operation”. As of today, the Group has wholly-owned assets such as land, office buildings, hotels, commercial, and mining across the world, including Hong Kong, London, Shanghai, Shenzhen, Europe and Southeast Asia. It also has substantial shareholdings of superior corporations as well as financial assets of fund, bond and stocks.