China property company Spieker is looking to build an apartment building for its employees in Hong Kong, but its founder is trying to stay out of the limelight.
Spieker’s Hong Kong office has been quietly working on the project, according to The New York Times, and the building could cost between HK$400 million and HK$500 million.
The developer, China’s largest property company and an important shareholder in the city’s biggest property developer, has not commented on the deal.
The company declined to comment for this story.
Spike Hong Kong’s website describes the company as “a global property and residential real estate company,” and the company’s founder, John Lee, is a Chinese citizen.
Spielker’s site describes the project as a “new high-rise residential complex.”
It is located on a site near Hong Kong International Airport and is being designed by the Hong Kong-based firm Spiekerman.
In a filing with the U.S. Securities and Exchange Commission, the company wrote that it has “received permission from the HongKong Development Corporation and the Chinese government to commence construction of a project.”
The company, Spiekar, did not respond to an email seeking comment.
Spies spokesman Mark Tung said in a statement that the project would “provide the largest residential development for its workers in HongKongs market and will be designed by Spieki, the world’s leading commercial developer.”
Spiekeman, Spies spokeswoman in Hongkong, told The New Yorker that the company is not affiliated with Spiekers Hong Kong subsidiary, but said Spieks Hong Kong branch has been helping in China.
“The Spiekan family is a partner of Spieken,” the statement said.
“As a partner, Spienker will contribute to the development of the project and will work closely with the developer to complete the design and construction of the building.”
Spielkers Hongkongs branch, however, declined to say whether it had been working on an apartment project for its Chinese staff.
The company’s site in Hongks market has been a hot spot for Chinese property developers for years.
The Shanghai-based company, based in the United States, has more than 600 offices in HongKS and HongKos mainland.
The firm has been working in China for years, expanding from the offices of the company that built its first office in China in 2007, according the New Yorker.
The Spies Hong Kong unit is not new to HongKoks construction market.
Spiekin opened its Hong Kong offices in 1997.
The Shanghai office of SpiesHongkongs was one of the first to open its doors in Hongkies mainland.
The project is still ongoing, according, the Shanghai Times.