Feb. 5, 2010 (China Knowledge) - The Wharf (Holdings) Ltd<0004>, a subsidiary of Wheelock and Co Ltd<0020>, yesterday announced that it did team up with China Merchants Property Development Co Ltd<000024><200024> to win the bid for a parcel in Nanjing in December 2007 on a 50:50 ownership basis.

According to the statement, the two partners in 2008 decided to terminate the project on the parcel, which is located partly in Qixia District and partly in Xianlin New District.

China Overseas Land & Investment Ltd<0688> and The Wharf jointly acquired a piece of land in North China's Tianjin for RMB 2.7 billion or RMB 513 per square foot of potential floor area, China Knowledge reported earlier.