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The Great Eagle Group has over 40 years of track record in the property development industry. Our development team possesses in-depth understanding of every aspect of property development, from the feasibility phase through construction to completion. The Group will continue to leverage its experienced development team and expertise to source attractive development projects.

Dalian Mixed-Use Development project

On Oct 15th, 2009, the Group acquired a site at the Donggang area, Renmin Road East, Zhongshan District, Dalian. The Donggang area is the extension of the existing Renmin Road Central Business District.

The site, with a total Gross Floor Area of approximately 286,000 sq. m was acquired through auction for approximately RMB 734 million for mixed-use development. The land cost of RMB 734 million translate to an accommodation value of approximately RMB 2,600 per square meter.

The Donggang area, which enjoys a panoramic harbour view, will gain prominence with the development of a new international convention centre, as well as high-end offices, retail malls and luxury hotels undertaken by various developers. The development will comprise a luxury international hotel and high end apartments. The site will be developed in two phases with proceeds from pre-sales funding part of the development cost. Upon completion, the project is expected to become one of Dalian’s most prominent landmarks.

Dalian is among the country’s most affluent cities with a GDP of RMB 442 billion in 2009, and is one of the key economic cities in China’s Northeastern Region with well-established industries, including financial services, logistics, technology, trade and tourism. Having a population of over 6 million, the city attracted 34 million domestic visitors and 1,050,000 overseas visitors in 2009. A pleasant climate and international history have also helped to position Dalian as a major Meetings, Incentives, Conferences and Exhibitions (M.I.C.E.) destination in China.

Pak Shek Kok Residential Development Project

In May 2014, the Group successfully won the tender of a prime residential site with a site area of 208,820 sq. ft. and a total gross floor area of 730,870 sq. ft. in Pak Shek Kok, Tai Po, Hong Kong. Based on the land cost of HK$2,412 million for the site, this translated to a price of HK$3,300 per sq. ft. The site commands unobstructed sea view of the Tolo Harbour and has been earmarked for a luxury residential development with 500 to 700 residential units.

Tokyo Hotel Development Project

The Group has entered into an agreement to acquire a hotel development site situated in Minato, Tokyo for JPY22.2 billion in July 2015. The site with a gross floor area of approximately 350,000 sq. ft. is situated in the Roppongi district and is in close proximity to the landmark Roppongi Hills complex. We expect construction of the 270-key luxury Langham Place hotel will start in 2016 and the hotel is expected to open in early 2020.

San Francisco Hotel Development Project, 1125 Market Street

Acquisition of this site in San Francisco for US$19.8 million has been completed in May 2015. The land located on 1125 Market Street was the last remaining vacant lot in San Francisco’s Central Market. The Central Market area has grown rapidly in recent years amid increasing interest from global technology companies such as Twitters, Uber and Dolby Labs. The site has been earmarked for the development of an “Eaton” hotel with a gross floor area of approximately 125,000 sq. ft. We expect the hotel will have about 150 rooms when completed and construction of the project will start after development right of the hotel is approved by the city’s planning department.

San Francisco Hotel Development Projects, 555 Howard Street

555 Howard Street is a mixed-use development project located right across the new Transbay Transit Center, which is a transportation hub in the heart of San Francisco’s emerging South of Market business district. The Group has completed the acquisition of this site with a gross floor area of approximately 410,000 sq. ft. for US$45.6 million in April 2015. The project is expected to comprise a 220-key luxury Langham hotel and approximately 210,000 sq. ft. of residential area for sale. Construction of the project will start once the development is approved by the city’s planning department, which is expected to take two years.

Seattle Development Project, 1931 Second Avenue

The Group acquired a site in downtown Seattle, U.S. for US$18 million in December 2016. The site is located in the heart of Seattle's city centre and close to the famous historic Pike Place market. The site has an area of approximately 19,400 sq. ft and has already been approved for the development of a 17-storey hotel. However, we shall explore other available options to further enhance the development of this site.

Three Garden Road (formerly known as Citibank Plaza)

In 1989, the group acquired a prime site situated in Central, which is at the heart of Hong Kong’s financial Core Business District (CBD), for commercial development. Great Eagle led the development consortium and acted as both project and leasing manager for the project. The property was completed in 1992 and was fully leased within a year’s time, with major tenants predominantly being internationally renowned financial institutions. The twin towered project, with a gross floor area of 1.6 million sq. ft., was the first truly intelligent office building in Hong Kong with design specifications that were vastly superior to other prime buildings in Hong Kong at that time.

In recognition of excellence in the area of architectural design, Three Garden Road (formerly known as Citibank Plaza) was presented with the Hong Kong Institute of Architects’ highest award in 1994, the Silver Medal. The property was successfully spun off into the Champion REIT in 2006.

Langham Place

Completed in 2004, Langham Place in Mongkok was the biggest urban renewal project in Hong Kong. Great Eagle turned the site of 120,000 sq. ft. into a 1.8 million sq. ft. mixed use development comprising a 59-storey Grade A office tower, a 600,000 sq. ft. shopping mall and an international luxury hotel. The 255 meter height of the office tower made it the highest office building on the Kowloon peninsula at the time. The mall, which has fifteen levels, pioneered the concept of ‘vertical malls’ in Hong Kong.

The project was one of the most successful urban renewal development projects in Hong Kong and has won several outstanding awards, including the IStructE China Award (2005) and the ICSC Best New Mixed Use Retail Project (2007). The property was successfully spun off into the Champion REIT in 2008.

Over the past 40 years, the Great Eagle group has developed over 40 residential, commercial, hotel and industrial properties. The group was also one of the earliest real estate companies to develop luxury town houses in the scenic Clear Water Bay area, and in Repulse Bay of Hong Kong. Other notable residential developments by the Group include luxury properties in the Mid-Levels district, such as the 60-storey Tregunter Tower C project with the best harbour view in Hong Kong.