China Overseas Land & Investment Ltd.
The Company was awarded “Sustainable Blue Chip Real Estate Enterprises” and “Leading Brand of China Real Estate Company” for 20 consecutive years. The credit ratings of the Company assigned by the three major international rating agencies were: A- (Fitch), Baa2 (Moody’s), and BBB+ (Standard & Poor’s). The Company maintained the highest credit rating in the industry.
As the largest office developer and operator in Chinese Mainland, the Company is capable of leading the industry in design, development, construction and operation. Hua Yi Design, a wholly-owned subsidiary of the Company, ranked as one of the top 100 design institutes in China. Another subsidiary, China State Grand Wealth Investment Limited (中建宏達), has obtained the special-grade qualification as main contractor for construction of housing projects. Throughout over 40 years of development, the Company has established three major businesses — “Residential Development”, “Urban Services” and “Design Services”.
* Residential Development *
Back in the early 1980s, the Company entered the residential development business in Hong Kong and was a pioneer as well as a leader in the real estate industry in China. For over 40 years, the Company has developed and launched five generations of exquisite residences and has accumulated more than 1,900 development projects in the Mainland, Hong Kong, Macau, New York, Sydney and Singapore. The completed development and construction area has exceeded 200 million sq m.
The Company’s projects have accumulated 58 “Tien-yow Jeme Civil Engineering Prize – Outstanding Residential Community Awards” (35 gold awards, 23 individual awards), 8 “China Construction Engineering Luban Prize” and 18 International Property Awards.
In order to cater for the demands of customer groups in the new era, the Company hinges on green product, intellectualization and industrialization to optimize the quality of the products. In close partnership with technological companies including Huawei, the Company maintained its leading position in the development and application of smart community and smart home, building the world’s first 5G community, Zhen Ru Mansion, in Shanghai; the Company participated in compiling several national construction standards such as “Smart Community Construction Code” and “Smart Building Design Standard”.
In line with the development trend of pre-fabricated buildings and residential industrialization, the Company actively promotes the practice of pre-fabricated residential construction and residential industrialization. Together with China State Hailong Construction Technology Co., Ltd, also known as “National Housing Industrialization Base” and “National High-tech Enterprise”, the Company develops and constructs over one million sq m of pre-fabricated residential projects in Hong Kong, Macau and the Mainland.
* Urban Services *
The Company is deeply involved in promoting urbanization and committed to urban renewal and regional comprehensive development. The Company facilitates quality growth of cities by building a full business chain of investment and financing, land consolidation, regional planning, real estate development, engineering construction, industrial import, commercial operation, property management and full cycle of core capabilities. Back in 1992, the Company established the first urban renovation project in China, namely Haihua Garden Project. In recent years, the Company invested in the development of Beixin’an Project —the largest shantytown renovation project covering 1.4 million sq m along the West Chang’an Avenue in Shijingshan District, Beijing; and Paramount Jade—the largest shantytown reform project covering 14.6 million sq m in Jinan, Shandong Province. In 2017, the Company secured the super high rise project in Tianfu New District, Chengdu, which has been developed into a new landmark. During the year, the Company also took the initiative to invest and develop the first tendered project in Xiongan—Xiongan Citizens Service Center, which has become the command centre of the construction of Xiong’an New District and sets a benchmark for future cities. In 2018, the Company won the Hongqi Village project—the largest urban village redevelopment project in downtown Shanghai. In 2020, the Company commenced the Shanghai East Jianguo Road Project—the largest regional reform project in Huangpu district, Shanghai.
The Company is committed to meet people’s longing for a better life by improving urban functions and quality of cities. The Company has developed a diverse range of urban services including office buildings, flexible working space, shopping malls, star-rated hotels, long-term rental apartments, logistics parks, architectural design and construction.
As the largest single-ownership office developer and operator in Chinese Mainland, the Company operates a total gross floor area of 6.32 million sq m (including 760,000sq m of asset-light buildings) from 80 Grade A office buildings and flexible working office OFFICEZIP (including 15 asset-light buildings); in the City of London, the Company holds and operates four century-old landmark commercial buildings; the Company participated in compilation of a national authorizing standard, “Commercial Building Grading Requirements”.
The Company invests and operates projects in cities such as Beijing, Shanghai, Shenzhen and Hangzhou. These projects include 31 shopping complexes under brands such as Unipark, MAX Unipark, Uni ELITE, UniFUN and MidTown; 14 star-rated hotels under brands such as COLI, Guotai and Tangquan; long-term leased apartments brands “Unilive Residence” and “Unilive Apartment”; a logistics park of over 400,000 sq m.
The Company proactively develop upstream and downstream industrial chain of architecture, design and real estate sectors. China State Grand Wealth Investment Limited (中建宏達), the Company’s subsidiary which is committed to construction of urban infrastructure and high-end housing, has obtained the special-grade qualification as main contractor for construction of housing projects. Hua Yi Design, another subsidiary, is a “National High-tech Enterprise” which attained “Grade A Architectural Design Qualification” and “Grade A Urban Planning Qualification”, ranking as one of the top 100 design institutes in China. Hua Yi Design has built-up a portfolio of over 4,300 design projects and won over 800 awards, such as Tien-yow Jeme Civil Engineering Prize – Outstanding Residential Community Awards and National Quality Project Award. Tian Shan Metal Materials and Products Co., Ltd, another subsidiary, is committed to produce new building materials and owns 138 design patents. The abovementioned businesses have become key components of forming a full business chain and diverse urban services for the Company.
* Design Services *
Under the national strategy driven by technological innovation, taking advantage of the Company’s wide-scale application of new technologies and new products, the Company expanded upstream and downstream investments, built a technology investment ecosystem and a number of investment-oriented subsidiaries driven by technology, which have cultivated the Company’s second growth curve.
Lingchao Supply Chain Management Company is committed to build an integrated, industry-leading B2B service platform for buying and selling building materials. Shenzhen Lingchao Supply Chain Management Co., Ltd. is committed to creating a leading comprehensive service platform for B2B building materials transactions. Haizhichuang Technology Company Limited, which focuses on empowering real estate development with technology, aims at digital transformation, product upgrade and technological ecology in fields such as digitization, intelligence, green health. It is committed to become an outstanding proptech platform and an investment company driven by technology.
With strong resource allocation capabilities, the Company proactively participates in the education and senior living as a crucial step for business diversification. The Company has established the Zhonghai Education brand, owning and operating K12 schools, kindergartens, nursery centers and camp projects across the country such as in Beijing, Shenzhen and Jinan. The Company also launched its senior living brand, “China Overseas Jinnian”, owning and operating several senior apartments in Qingdao, Tianjin and Wuxi, all of which rated as four- or five-star national standard.
The Company has continuously fulfilled its corporate social responsibilities and received numerous honours like “Best Practices for Corporate Social Responsibilities in China” and “The Leading Socially Responsible Company of the Year”. As of 2021, the total amount of the Company’s disaster relief, donations, and public welfare assistance in Hong Kong, Macau and the Mainland exceeded HK$200 million. The Company has continuously sponsored building a total of 16 China Overseas Hope Schools, which boast the best hardware and software capacities among the local schools. The Company continuously facilitated rural vitalization of Kang County, Zhuoni County and Kangle County in Gansu Province and Changting County in Fujian Province, and promoted regional development by poverty alleviation in education, consumption, e-commerce and industry. The Company actively promotes green buildings and has received over 636 certifications, such as China’s Certificate of Green Building Label, US LEED Certification, US BOMA Certification, US WELL Certification, and UK BREEAM Certification with an accumulated green building area of over 110 million sq m.
Going forward, COLI will adhere to a sustainable development strategy based on scale, specialisation and brand building. The Company will continue to expand, strengthen, and optimize the three major businesses, and seek for co-development, all-win situation and a better life together with our clients, shareholders, staff, as well as families, cities, and our community.
(Updated in April, 2024)
