Lee Shau-kee: Is there a single family office?

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Where does the fortune of Lee Shau-kee come from?

Lee Shau-kee is the founder, chairman and managing director of Henderson Land Development, chairman of The Hong Kong and China Gas Company, vice-chairman of Sun Hung Kai Properties and a non-executive director of Hong Kong Ferry Holdings. Most of his wealth comes from Henderson Land Development, a property conglomerate with interests in property, hotels, restaurants and internet services. The company’s principal activities are property development and investment, project management, construction, hotel operation, department store operation, finance, investment holding and infrastructure. It is the third largest Hong Kong real estate developer by market capitalization. Lee Shau-kee is the 2nd richest person in Hong Kong, right after Li Ka-shing, with an estimated net worth of $31.5 billion.

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How did Lee Shau-kee’s company Henderson Land Development develop?

Lee and seven partners, including Kwok Tak Seng and Fung King Hey, created a real estate business in 1958. Five years later, he founded Sun Hung Kai Properties together with Kwok and Fung. Today, he is vice chairman in this company. Sun Hung Kai Properties is the second most valuable real estate company in the world, according to BBC News. In 1976, he then went on by his own and founded Henderson Land Development. The company was taken public in 1981 by Sun Hung Kai Securities. Most famous development projects until now include, for example, the International Finance Centre and “Beverly Hill” in Hong Kong.

Is there a Lee Shau-kee family office?

Yes, there is. Henderson Investment Limited, located in Hong Kong, is part of the Henderson Land Development conglomerate and serves, in part, as the personal single family and investment office of Lee shau-kee.

How does the Lee Shau-kee family office invest?

Given the real estate environment, in which Lee Shau-kee grew up and made big business, it’s not surprising that his investment firm also focuses strongly on real estate investments. It also involves the development of desired real estate projects. Targeted classes are residential, office, retail, logistics and hotel. Exemplary portfolio properties include, for example, the Miramar Hotel in Kowloon. But real estate is not the only class of interest: private equity transactions are also executed. For example, stakes in Hong Kong Ferry and Hong Kong and China Gas are held. Furthermore, Lee donated more than $400 million toward education over the years.

This article is part of our detailed report “The Single Family Offices of Asian Billionaires and HNWIs“.

Picture source: Simon Zhu

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