The Property Division comes under Swire Properties Limited, which was quoted on the Hong Kong stock market in early 2012. Established in 1972, Swire Properties is one of Hong Kong's largest landlords of office space and also has significant investment properties under development in Mainland China, Hong Kong and the USA, and hotel interests in Hong Kong, Beijing, Chengdu, Guangzhou and Florida.
Swire Properties is a leading developer, owner and operator of mixed-use, principally commercial properties in Hong Kong and Mainland China, with a record of creating long-term value by transforming urban areas. Swire Properties' business comprises three main areas:
The property investment portfolio in Hong Kong comprises office and retail premises, serviced apartments and other luxury residential accommodation in prime locations. In Mainland China, Swire Properties owns and operates major commercial mixed-use developments in Beijing, Shanghai, Guangzhou and Chengdu (in joint venture in certain cases). In the USA, Swire Properties is the primary developer of a mixed-use commercial development at Brickell City Centre in Miami, Florida.
Swire Properties wholly owns and manages, through Swire Hotels, two hotels in Hong Kong, The Upper House and EAST, Hong Kong. It also has a 20% interest in each of the JW Marriott, Conrad Hong Kong and Island Shangri-La hotels at Pacific Place and in the Novotel Citygate in Tung Chung.
In Mainland China, Swire Hotels manages three hotels. The Opposite House at Taikoo Li Sanlitun in Beijing is wholly owned by Swire Properties; 50% interests are owned in EAST, Beijing at INDIGO in Beijing and in The Temple House at Sino-Ocean Taikoo Li Chengdu. At TaiKoo Hui in Guangzhou, Swire Properties owns a 97% interest in the Mandarin Oriental, Guangzhou.
In the USA, Swire Properties wholly owns and manages, through Swire Hotels, EAST, Miami and owns a 75% interest in the Mandarin Oriental in Miami.
Swire Properties develops high quality residential properties in prime locations that are generally targeted at upper middle to high income earners. The company's trading portfolio comprises completed developments available for sale in Hong Kong, Mainland China and Miami, USA. The principal completed developments available for sale are the WHITESANDS development in Hong Kong, the remaining portion of the office property at Sino-Ocean Taikoo Li Chengdu (Pinnacle One) in Mainland China and the Reach and Rise residential developments at Brickell City Centre in Miami, USA. There are also land banks in Miami and Fort Lauderdale in Florida in the USA.