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Hang Lung Properties achieves HK2.2 bil rental income in 2H2009

SHANGHAI: Hang Lung Properties announced March 31 it achieved HK$2.222 billion and HK$1.833 billion in rental income and gross profit respectively in the second half last year, an increase of 9 per cent year-on-year.

The Shanghai market performed best, with a 15 per cent rise in rental income and gross profit to reach HK$953 million and HK$811 million respectively, reported Shanghai Business.

Currently, rental income in the Shanghai market accounts for 43 per cent of Hang Lung’s total income in the leasing business.

Hang Lung currently owns two landmark office buildings in Shanghai, Plaza 66 and Grand Gateway.

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