Page 14 - Sphere No.29 (Jun 2011)

Guangzhou and Nanning-Guangzhou railways, and mass
public transit infrastructure in Guangzhou, Shenzhen, Foshan
and Dongguan. When complete, these projects will shrink
actual distances to create an unprecedented level of integration
between existing cities.
Poised for the new opportunities that greater integration
and affluence will bring, Hutchison has a strong presence in
the Pearl River Delta in key sectors. It is currently involved,
for example, in a total of 15 high-end residential and two
up-market commercial property developments in seven
Delta cities. Supermarket chain PARKnSHOP runs 38 stores
throughout the region and, in anticipation of future demand,
has already introduced its high-end TASTE supermarket to
Guangzhou.
Port potential
These are particularly exciting times for subsidiary, Hutchison
Port Holdings (HPH), whose network of port operations
spans across eight cities in the Pearl River Delta, including
deep-water container port facilities in Hong Kong and
Shenzhen – two of the world’s busiest ports.
The major assets in Hong Kong and Shenzhen under-
took an Initial Public Offering recently under HPH Trust,
the world’s first publicly traded container port business
trust.
Floated on the Singapore exchange in March this year,
the IPO was well received – despite the uncertain market
sentiments created by the geopolitical unrest in the Middle
East and North Africa and the earthquake and tsunami in
12 Sphere 29