Henderson to make use of huge farm land bank.

(From South China Morning Post)

Byline: property Peggy Sito

Henderson Land Development, which yesterday reported a record full-year net profit, plans to convert its agricultural land bank over the next few years to provide about three million square feet of gross floor area each year.

The company said it would also enhance its investment property value and capture higher rental yield by refurbishing its major retail shopping properties including Sha Tin Plaza, the Trend Plaza in Tuen Mun and the Metro City Plaza in Tseung Kwan O.

"As supply of high-grade office space is expected to remain tight, the shopping mall and the office towers of …