UOL Group

UOL Group is a Singapore-headquartered property and hospitality company whose activities span real estate development, property investment, hotel operations, hotel management, financial investments and technology distribution. The group developed from Faber Union Limited, a company established in 1963 as a subsidiary of Faber Union (HK) Limited. It became publicly traded in Singapore in 1964, providing the corporate platform through which its business later expanded. A major change in ownership and identity occurred in the 1970s. After Wee Cho Yaw and United Overseas Bank acquired a controlling interest in the company in 1973, the business was renamed United Overseas Land Limited in 1975. The new identity reflected its connection with the United Overseas Bank group and marked the beginning of its longer-term development as a Singapore property company. In 2006, the company adopted the UOL Group Limited name. UOL's property activities include the development of residential, commercial and mixed-use projects for sale, together with ownership and leasing of commercial properties and serviced suites. Its property portfolio has included or included in the past assets such as Marina Square, West Mall, Heron Plaza and The Plaza. The company has also been associated with prominent Singapore hospitality and commercial properties, including Mandarin Oriental, Singapore, Pan Pacific Singapore Hotel, PARKROYAL COLLECTION Marina Bay and PARKROYAL COLLECTION Pickering. Hospitality became a more substantial component of the group through a series of acquisitions. In 2002, UOL acquired Parkroyal, a hotel and property company. In 2007, it acquired Pan Pacific Hotels and Resorts from Tokyu Group and renamed the business Pan Pacific Hotels Group. Parkroyal was subsequently brought together with Pan Pacific within the group's hotel platform, allowing UOL to operate and manage hotels under both Pan Pacific and Parkroyal-related brands across the Asia-Pacific region. The hotel business includes owned hotel assets as well as management services for hotels. UOL also operates an investment business involving quoted and unquoted financial assets and has maintained a technology operation distributing computers and related products. These activities sit alongside its core property and hospitality businesses, giving the group a diversified structure rather than a single-property development model. The group has periodically reorganized its portfolio and corporate structure. In 2013, it decided to delist Pan Pacific Hotels and Resorts from the Singapore Exchange. In 2018, UOL acquired Singapore Land Group Limited, strengthening its position in Singapore property and broadening its development and investment base. The Wee family, which is also associated with significant shareholding interests in United Overseas Bank, remains the largest shareholder group. UOL is publicly listed in Singapore and is represented in the Straits Times Index.

UOL Group traces its corporate origins to Faber Union Limited, which was founded in 1963 as a subsidiary of Faber Union (HK) Limited. The company entered Singapore's public market in 1964. Its subsequent history was shaped by a change in control in 1973, when Wee Cho Yaw and United Overseas Bank acquired a controlling interest. In 1975, the company changed its name to United Overseas Land Limited, establishing the identity under which it became associated with Singapore's property sector. The company's business gradually expanded beyond a single property focus. Its activities came to include the development of properties for sale, investment and leasing of commercial properties and serviced suites, hotel ownership and operations, hotel management, financial investments, and distribution of computers and related products. This combination gave the business exposure to both recurring property income and development activity, while its hospitality arm provided a separate operating platform. Hospitality expansion was an important part of UOL's later development. The company acquired Parkroyal in 2002, adding an established hotel and property business. In 2006, it changed its name to UOL Group Limited. The following year, UOL acquired Pan Pacific Hotels and Resorts from Tokyu Group and renamed it Pan Pacific Hotels Group. Parkroyal and Pan Pacific were subsequently brought together within the group's hotel business, linking the two hospitality brands under a common corporate platform. UOL continued to adjust the structure of its listed and operating businesses. In 2013, it decided to delist Pan Pacific Hotels and Resorts from the Singapore Exchange. In 2018, it acquired Singapore Land Group Limited, a transaction that expanded UOL's Singapore real estate base and reinforced its position as a major property and investment group. The group's property and hospitality interests have included notable assets in Singapore and elsewhere in the Asia-Pacific region. Examples include Marina Square, West Mall, Heron Plaza, The Plaza, Mandarin Oriental, Singapore, Pan Pacific Singapore Hotel, Pan Pacific Sonargaon, Pan Pacific Suzhou, PARKROYAL COLLECTION Marina Bay and PARKROYAL COLLECTION Pickering. The portfolio has included both properties owned or previously owned by the group and hotel assets operated through its hospitality platform. UOL remains headquartered in Singapore and operates across the Asia-Pacific region. The Wee family is its largest shareholder group, and the company is publicly listed in Singapore and included in the Straits Times Index. Its corporate identity is therefore based on a combination of Singapore property ownership and development, regional hospitality operations, investment activity and supporting management services.

• 2018

  Singapore Land Group acquisition

  [1]UOL Groupen.wikipedia.org

  UOL acquires Singapore Land Group Limited.

• 2013

  Pan Pacific delisting decision

  [1]UOL Groupen.wikipedia.org

  UOL decides to delist Pan Pacific Hotels and Resorts from the Singapore Exchange.

• 2007

  Pan Pacific Hotels and Resorts acquisition

  [1]UOL Groupen.wikipedia.org

  UOL acquires the Pan Pacific hotel business from Tokyu Group and renames it Pan Pacific Hotels Group.

• 2006

  UOL Group name adopted

  [1]UOL Groupen.wikipedia.org

  United Overseas Land is renamed UOL Group Limited.

• 2002

  Parkroyal acquisition

  [1]UOL Groupen.wikipedia.org

  UOL acquires Parkroyal, expanding its hotel and property operations.

• 1975

  Renamed United Overseas Land

  [1]UOL Groupen.wikipedia.org

  The company changes its name from Faber Union Limited to United Overseas Land Limited.

• 1973

  Change in controlling ownership

  [1]UOL Groupen.wikipedia.org

  Wee Cho Yaw and United Overseas Bank acquire a controlling interest.

• 1964

  Public listing in Singapore

  [1]UOL Groupen.wikipedia.org

  Faber Union Limited becomes publicly traded on the Singapore Exchange.

• 1963

  Faber Union Limited is founded

  [1]UOL Groupen.wikipedia.org

  The company is established as a subsidiary of Faber Union (HK) Limited.

A Singapore-listed, diversified real estate and hospitality group combining property development, investment ownership, hotel operations and hotel management across Singapore and the wider Asia-Pacific region.

• Real estate

  Property development

  UOL develops residential, commercial and mixed-use properties for sale. This business is one of the group's principal activities and complements its strategy of retaining selected assets for investment and recurring leasing income.

• Real estate

  Property investment

  The group owns and manages commercial properties and serviced suites, generating income through leasing and related property operations. Its Singapore portfolio has included assets such as Marina Square, West Mall, Heron Plaza and The Plaza.

• Hospitality · 2007

  Pan Pacific Hotels and Resorts

  Pan Pacific is UOL's international hospitality platform, acquired from Tokyu Group in 2007 and subsequently organized as Pan Pacific Hotels Group. The portfolio has included hotels such as Pan Pacific Singapore, Pan Pacific Sonargaon and Pan Pacific Suzhou.

• Hospitality · 2002

  PARKROYAL

  PARKROYAL is the hotel business acquired by UOL in 2002 and later operated alongside the Pan Pacific platform. Notable Singapore properties associated with the group include PARKROYAL COLLECTION Marina Bay and PARKROYAL COLLECTION Pickering.

• Hospitality services

  Hotel management services

  UOL provides management services for hotels in addition to operating hotels that it owns. This allows the hospitality business to participate in regional hotel operations through both owned assets and managed properties.

• Technology distribution

  Technology distribution

  The group has a technology operation involved in distributing computers and related products. This is a supporting business segment alongside property, hospitality and investment activities.

• 2018

  Acquire Singapore Land GroupM&A

  Background

  UOL pursued greater scale in Singapore property development and investment.

  Action taken

  UOL acquired Singapore Land Group Limited.

  Aftermath

  The acquisition strengthened UOL's Singapore real estate platform.

  Source

• 2013

  Delist Pan Pacific Hotels and ResortsStrategy

  Background

  UOL reviewed the structure of its hotel business after expanding the platform through Parkroyal and Pan Pacific.

  Action taken

  The company decided to delist Pan Pacific Hotels and Resorts from the Singapore Exchange.

  Aftermath

  The hotel business continued as part of UOL's broader hospitality operations.

  Source

• 2007

  Acquire Pan Pacific Hotels and ResortsM&A

  Background

  UOL sought to expand its regional hotel platform after acquiring Parkroyal in 2002.

  Action taken

  The company acquired Pan Pacific Hotels and Resorts from Tokyu Group and renamed the business Pan Pacific Hotels Group.

  Aftermath

  Pan Pacific was combined with Parkroyal within UOL's hospitality operations.

  Source

• Unconfirmed

  Reported2020.01.24

  UOL Group acquires Jakarta hotel[3]UOL Group 收购雅加达酒店sbr.com.sg

  UOL Group bought a 154-key hotel in Tower 2 of Thamrin Nine in Jakarta from PT Putragaya Wahana for $67.5 million (US$50 million). The hotel is to be branded as Pan Pacific Jakarta.

Read more

1. 1UOL Groupen.wikipedia.org
2. 2UOL Group official websiteuol.com.sg
3. 3UOL Group 收购雅加达酒店sbr.com.sg