Annual Report 2024

42 2024 Annual Report Transport International Holdings Limited BUSINESS REVIEW LCK Real Estate Limited (“LCKRE”) LCKRE, a wholly owned subsidiary of TIH, is the owner of the Group’s headquarters building in Lai Chi Kok. LCKRE owns the 17-storey commercial office building at 9 Po Lun Street, Lai Chi Kok, Kowloon, which has a total gross floor area of approximately156,700 square feet. Located next to Manhattan Hill, around 12% of the lettable area is used by the Group as its headquarters while the remaining lettable area predominantly leased out to offices, shops and restaurants. LCK Commercial Properties Limited (“LCKCP”) LCKCP, a wholly owned subsidiary of TIH, is the owner of Manhattan Mid-town, the commercial complex of Manhattan Hill. LCKCP owns Manhattan Mid-town, the two-level high-end retail podium at Manhattan Hill. This 50,000 square-foot shopping mall offers Manhattan Hill residents and other shoppers high-quality retail facilities. The entire shopping mall has been leased, generating a steady stream of recurring rental income for the Group. TM Properties Investment Limited (“TMPI”) TMPI is jointly owned by TM Properties Holdings Limited (“TMPH”), an indirect wholly owned subsidiary of TIH, and Mega Odyssey Limited (“MOL”), an indirect wholly owned subsidiary of SHKP subsequent to TMPH’s disposal of 50% equity interest in TMPI to MOL in 2020. TMPI, the owner of the property at Tuen Mun Town Lot No. 80 in the New Territories, has become a 50%-owned joint venture of TIH. TMPI owns an industrial property currently designated for industrial use, godown purposes, or both. In 2023, TMPI obtained approvals from the Town Planning Board for a change of use from industrial to office, shop and service purposes. At the end of 2024, the entire lettable area of the property was leased to generate rental income for the Group. The Millennity has been awarded green building pre-certifications both locally and internationally. The Building Information Modelling system helps enhance the operation and management efficiency of the premises