Great Eagle Group Nurtures Future Business Leaders With HKGCC Business Case Competition 2020

(January 25, 2021 – Hong Kong) Following the success of last year’s competition, Great Eagle Group sponsors HKGCC Business Case Competition once again, where tertiary students have a chance to unleash their creativity to solve different business cases, exchange ideas and gain insights in the process. The competition saw an overwhelming response with nearly 900 tertiary students from Hong Kong to participate, with 35 proposals submitted for Great Eagle’s challenge. The competition was successfully concluded on 22 January 2021, where top three teams were ranked by a panel of judges.

The business case set by Great Eagle Group this year is “Property Development in Future Climate”. Students have to design a new property development that is resilient and responsive to climate change, and function well by meeting the needs of different lifestyles in Hong Kong in 10 years’ time. The proposal has to include the application of new technologies, also be sustainable and scalable over a long period of time.

Mr. Alexander Lo, Executive Director of Great Eagle Holdings Limited said, ‘We are pleased to take part in this business case competition again, with an aim to understand how young people see the world, also to work together with them for a brighter future. We see climate change as a real and serious issue and it has been causing global challenges, our business case allows students to identify key problems that the development may have in the face of climate change, and propose solution with a vision to build a sustainable future.’

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About Great Eagle Group

Great Eagle Group was founded by the late Mr. Lo Ying Shek in 1963, and was listed on the Hong Kong Stock Exchange in 1972 (Stock Code: 41). The Group’s principal holdings include Champion Real Estate Investment Trust (Champion REIT) (Stock Code: 2778) and Langham Hospitality Investments (LHI) (Stock Code: 1270), which were listed in Hong Kong in 2006 and 2013, respectively.  Being a Hong Kong developer, the Group also owns and manages an extensive international hotel portfolio under “The Langham” and affiliate brands. Founded and headquartered in Hong Kong, the Group develops, invests in and manages high quality residential, office, retail and hotel properties across Asia, North America, Australasia and Europe.

For the property portfolio, Champion REIT owns a Grade-A commercial office space at Three Garden Road in the central business district of Hong Kong, as well as the office tower and shopping mall of Langham Place in Mongkok, Kowloon. For the hotel portfolio, the Group owns more than 10 luxury hotels globally and manages over 20 international hotels, operating under “The Langham” and affiliate brands, with a total number of rooms near 10,000. In addition, LHI owns the three hotels in Hong Kong, including The Langham, Hong Kong in Tsim Sha Tsui; Cordis, Hong Kong in Mongkok; and Eaton HK in Jordan.

The Group’s major global development projects in progress include three development projects in San Francisco and Seattle, the U.S., a hotel redevelopment project in Tokyo, Japan, as well as a hotel development project in the Island of Murano, Venice, Europe.