AMTD Successfully Reached a Strategic Partnership With the Far East Consortium for the UK

Rhea-AI Summary

AMTD IDEA Group (NYSE: AMTD) has formed a strategic partnership with Far East Consortium International (FEC) to develop the historic Hornsey Town Hall in the UK. The partnership, finalized on February 25th, will leverage AMTD's expertise in arts, fashion, and entertainment to enhance the Town Hall's profile.

The development includes a 68-room aparthotel named Dao by Dorsett AMTD Hornsey, 146 residential apartments, and public spaces for community events. FEC has successfully removed the building from Historic England's 'Heritage at Risk' Register and completed the affordable housing component.

AMTD, owner of global fashion media company L'Officiel and The Art Newspaper, will support the London Borough of Haringey's cultural initiatives leading up to its Borough of Culture Status in 2027. The partnership aims to transform Hornsey Town Hall into a prominent cultural destination through world-class events, shows, and performances.

Positive

• Strategic expansion into UK real estate market
• Diversification of revenue streams through hotel and residential properties
• Leverage of media assets (L'Officiel, The Art Newspaper) for cultural development

Negative

• None.

Insights

Financial Analyst

AMTD IDEA Group has formalized a strategic partnership with Far East Consortium (FEC) to develop the historic Hornsey Town Hall in the UK, expanding their existing collaboration beyond the Dao by Dorsett AMTD hotel in Singapore. This partnership represents AMTD's continued execution of its asset-light growth strategy in premium markets, focusing on brand licensing and management rather than capital-intensive property ownership.

The partnership creates multiple potential revenue streams for AMTD: hotel management fees from the 68-room Dao by Dorsett AMTD Hornsey aparthotel, arts programming revenue from the cultural center, and media integration opportunities through AMTD's ownership of L'Officiel and The Art Newspaper. This structure allows AMTD to monetize its cultural expertise while minimizing capital expenditure.

This deal strategically positions AMTD to leverage cross-promotion between its media properties and physical venues, potentially creating a vertically integrated model where content, events, and hospitality reinforce each other. The timing aligns with Haringey's upcoming Borough of Culture Status in 2027, which should drive increased tourism and cultural engagement.

For investors, this partnership extends AMTD's brand presence in a major European market with minimal balance sheet impact, while creating opportunities for recurring revenue through the hotel operation and arts programming. The deal demonstrates AMTD's focus on leveraging its existing media and cultural assets to extract value from real estate partnerships rather than direct property investment.

PARIS & SINGAPORE & NEW YORK--(BUSINESS WIRE)-- AMTD IDEA Group (“AMTD”; NYSE: AMTD; SGX: HKB) has entered into a strategic partnership with Far East Consortium International Limited (“FEC”, 0035.HK) for the UK to drive forward the future of the historic Hornsey Town Hall.

Through this deal, which was agreed upon on February 22nd and all definitive agreements signed on the 25th, AMTD aims to raise the Town Hall’s profile through its established credentials in the arts, fashion, and entertainment sectors worldwide.

Since entering into the Development Agreement for Hornsey Town Hall in February 2017, FEC has worked tirelessly to safeguard the building's future and was successful in having it removed from Historic England’s ‘Heritage at Risk’ Register.

In December, FEC achieved practical completion of the affordable housing element of the scheme, which has now been handed over to Haringey Council.

Today, the site offers a 68-room aparthotel, an extensive public realm used by the local community for events and recreation, and 146 residential apartments. The hotel will be named Dao by Dorsett AMTD Hornsey, the second Dao by Dorsett AMTD hotel globally.

Works have also progressed well in bringing forward a new arts center that will provide spaces for the community to utilize and further support initiatives within the Borough. AMTD’s expertise in this area has been essential to this strategic partnership.

An existing strategic partner of FEC for Dao by Dorsett AMTD in Singapore, AMTD is also the owner and global operator of L’Officiel - a renowned global fashion media company with over 100 years of history and presence in over 30 countries - and The Art Newspaper - a world-leading and authoritative art media company that has covered the international art world since 1990 and enjoys a world-renowned reputation as the journal of record for the art world and the bible of the art industry. Its unrivalled news and events coverage is fed by a network of international editions, connecting with more than 50 correspondents working in more than 30 countries.

Also a specialist in film production, AMTD plans to support the London Borough of Haringey in unlocking further opportunities and enabling cultural diversities and creativity as it moves towards its Borough of Culture Status in 2027.

AMTD will work closely with FEC and other existing partners to ensure the arts center and other community uses are brought forward.

Dr. Feridun Hamdullahpur, Chairman of AMTD, said: “We are excited about this opportunity to serve the local community at Hornsey in partnership with FEC. Our extensive experience and immersion in the world of art, fashion, and culture will enable us to bring world-class events, shows, and performances to the Town Hall and community, putting Hornsey on the global map as a prominent cultural destination and hub.”

Wendy Chiu, Executive Director and Joint Managing Director of FEC, added: “Since we took ownership of the Town Hall in 2016, our commitment to futureproofing this hugely important community asset has remained unchanged, and we have never lost sight of the connection that local people have to the building. We are proud to have secured the site’s future by removing it from the ‘Heritage at Risk’ Register and delivering much-needed housing to the Borough. Our new strategic partnership with AMTD will allow us to drive forward by ensuring that the Town Hall is positively contributing to the culture of Haringey and providing spaces for local people to come and be creative. We look forward to working with them to make this happen.”

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients’ diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active superconnector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as “Twitter") at @AMTDGroup.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbour” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group and/or AMTD Digital, are forward-looking. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group and/or AMTD Digital with the SEC. All information provided in this press release is as of the date of this press release, and neither AMTD IDEA Group nor AMTD Digital undertakes any obligation to update any forward-looking statements except as required under applicable law.

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For AMTD IDEA Group:

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AMTD IDEA Group

EMAIL: ir@amtdinc.com

Source: AMTD IDEA Group

FAQ

What are the key components of AMTD's Hornsey Town Hall development project?

The project includes a 68-room Dao by Dorsett AMTD aparthotel, 146 residential apartments, an arts center, and public spaces for community events.

When did AMTD finalize its strategic partnership with Far East Consortium for Hornsey Town Hall?

The partnership was agreed upon on February 22nd and all definitive agreements were signed on February 25th.

How will AMTD contribute to Hornsey Town Hall's cultural development?

AMTD will leverage its expertise in arts, fashion, and entertainment to bring world-class events, shows, and performances, supporting Haringey's Borough of Culture Status in 2027.

What major milestone has Far East Consortium achieved with Hornsey Town Hall?

FEC successfully removed the building from Historic England's 'Heritage at Risk' Register and completed the affordable housing element.