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May 25, 2015 10:10 PM ET

Real Estate Management and Development

Company Overview of IFC Development Limited

Company Overview

IFC Development Limited operates as a subsidiary of Sun Hung Kai Properties Ltd.

45th Floor, Sun Hung Kai Centre

Hong Kong,  

Hong Kong

Key Executives for IFC Development Limited

IFC Development Limited does not have any Key Executives recorded.

IFC Development Limited Key Developments

IFC Development Limited Enters into New Sub-Lease with Profit Advantage Limited

Profit Advantage Limited as tenant and IFC Development Limited as landlord, whereby the landlord agreed to sub-lease to the Tenant the Premises and Licences. The Existing Sub-Lease and Licences has expired on July 6, 2013. The board announced that the group entered into a new sub-lease with IFC Development Limited for a term of 3 years commencing from July 7, 2013 to July 6, 2016 at a basic rent of HKD 836,594.00 per month plus the turnover rent. Certain floor space at the ifc mall are also being licenced by the landlord to the tenant on an annual basis, at an aggregate licence fee of HKD 9,890.40 (inclusive of air-conditioning and management charges and promotion levy) per month, which will be subject to termination upon termination of the new sub-lease.

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