Offices The completed office portfolio in the Chinese Mainland comprises an aggregate of 4.1 million square feet of space, 2.9 million square feet of which is attributable to the Group. Total attributable gross rental income from our office properties in the Chinese Mainland increased by 5% to HK$451 million in the first half of 2022. At 30th June 2022, our completed office properties in the Chinese Mainland were valued at HK$21,845 million. Of this amount, the Group’s attributable interest was HK$13,628 million. The portfolio comprises Taikoo Hui in Guangzhou, which is 97% owned, and INDIGO in Beijing and HKRI Taikoo Hui in Shanghai, each of which is 50% owned. Chinese Mainland Completed Office Portfolio GFA (sq. ft.) Occupancy Attributable (100% Basis) (at 30th June 2022) Interest Taikoo Hui, Guangzhou 1,693,125 94% 97% INDIGO, Beijing 589,071 95% 50% HKRI Taikoo Hui, Shanghai 1,828,060 100% 50% Total 4,110,256 The Group’s gross rental income from office properties in the Chinese Mainland increased by 1% to HK$191 million in the first half of 2022. Office demand in Shanghai in the first half of 2022 was adversely affected by the COVID-19 resurgence. Demand for office space in Beijing in the first half of 2022 was stable as supply was limited in the core areas. Demand for office space in Guangzhou was weak and new supply adversely affected rents. The chart below shows the mix of the tenants of the office properties by the principal nature of their businesses (based on internal classifications) as a percentage of the office area at 30th June 2022. ffice rea y Tenants’ Businesses 2.1% t th une € €€‚ 6.7% 7.8% 29.9% Banking/Finance/ Professional services Real estate/Construction/ 14.5% Securities/ Property development/ Investment rchitecture Trading Pharmaceutical thers manufacturing Technology/Media/ 16.4% 22.6% Telecoms 31
2022 Interim Report | EN Page 32 Page 34