Business Activities

Swire Properties Ltd.
Swire Properties Ltd. is one of Hong Kong's leading property developers. Incorporated in the 1970s, the company's first venture was 61-tower Taikoo Shing - Hong Kong's first private housing estate with landscaped gardens and podiums.

Today, Swire Properties owns a substantial portfolio of commercial and residential property in prime Hong Kong locations, the majority developed and managed by the company as long-term investments. The completed property portfolio totals 13.1 million square feet, with a further 2.4 million square feet pending or under development, mainly comprising prestigious office space. Swire Properties' strategy is to focus its developments on locations with direct access to major intersections along Hong Kong's main transport artery, the Mass Transit Railway (MTR). This policy has proved extremely successful. The company is also involved in large-scale property trading activities in Hong Kong and the USA.

• Property Investment
  Island East (Cityplaza/TaiKoo Place)
  The Cityplaza/TaiKoo Place retail and office complex has played a key role in creating a thriving new business community in the Eastern district of Hong Kong Island. Known as Island East, this complex is home to a wide range of multinational corporations, and is also a major destination for shoppers.

  The core of the development is the Cityplaza shopping centre. Completed in 1987, it is the largest shopping destination on Hong Kong Island, connecting with the Tai Koo MTR Station, and comprising some 1.1 million square feet of retail space, including three department stores, more than 180 retail and catering outlets, an ice rink, an eight-screen cinema and other entertainment facilities.

  Swire Properties owns three office towers in the development, all integral components of the Cityplaza portfolio and connected to the Cityplaza shopping centre. These three office towers comprise a total of 1.6 million square feet of space, adjoining 331,000 square feet of neighbourhood shops and 5,000 car parking spaces. A 350-room hotel connected to the Cityplaza shopping centre is under development with a view to completion in 2009, and will offer another important amenity to the Island East community.

  At adjoining TaiKoo Place, connected to the MTR interchange station at Quarry Bay, Swire Properties owns a completed investment portfolio of 4.4 million square feet of Grade A offices and three techno-centre buildings. TaiKoo Place is directly connected to the Cityplaza portfolio via covered walkways and areas of street-side retailing and sensitive landscaping.

  One Island East, our newest office building in the district, will add a further 1.5 million square feet to Swire's Island East portfolio. Targeted for completion in 2008, this 70-storey development is located on the TaiKoo Place/Cityplaza axis and promises to be an iconic development for the area.

  Within the Island East campus, all buildings are wired up with fibre optic cables offering end-to-end connectivity, supported by a dedicated satellite teleport and by direct links to international gateways. Island East is Hong Kong's largest commercial campus interconnected with in-house dark fibre network.

Pacific Place
Pacific Place is recognised as one of Asia's most successful mixed-use developments. Completed in 1990, this prominent landmark comprises a major shopping centre, office space, serviced suites, three hotels and car parking spaces. Swire Properties owns and manages the whole of Pacific Place, with the exception of the three hotels; however, the company retains a 20% equity interest in each of the JW Marriott, Conrad Hong Kong and Island Shangri-La hotels.

Connecting directly to the MTR's Admiralty Station, The Mall at Pacific Place is Hong Kong Island's premier shopping centre, with 700,000 square feet of space, comprising 140 retail and catering outlets, department stores and a six-house cineplex. The office towers, One and Two Pacific Place, providing 1.5 million square foot of space, have now been complemented by the completion in 2004 of Three Pacific Place, a 620,000 square foot office tower connected by pedestrian walkway to both the original complex and the MTR station at Admiralty.

Festival Walk
Another prominent and widely acclaimed development is Festival Walk, completed in 1998. Festival Walk comprises one million square feet of retail space linked to the MTR/ KCR railway station at Kowloon Tong - a major interchange used by some 530,000 commuters daily.

The retail component incorporates over 200 outlets, including a multiplex cinema, major international and local retailers, restaurants, an ice rink and exhibition areas. In addition to its retail content, Festival Walk comprises 230,000 square feet of office space and 830 car parking spaces, as well as a transportation terminus.

• Other investments
  Swire owns an extensive residential portfolio on Hong Kong Island. The company also has a 60% interest in the 150,000 square feet Island Place shopping centre, adjacent to the North Point MTR station.
  
  
• Property Trading
  Swire Properties has an excellent track record in property trading. Commencing with the landmark Taikoo Shing, completed in 1986, some 30,000 residential apartments in key locations have been sold to date with new projects underway.
  
  
• Swire Hotels
  Swire Hotels, a wholly owned subsidiary of Swire Properties, was established in 2008 to develop and manage luxury boutique hotels for travellers seeking individuality, style and personalised service in Hong Kong, Mainland China and the UK. Swire Properties is currently developing a 343-room lifestyle business hotel at Island East and a 117-room luxury hotel at Pacific Place, both of which will be managed by Swire Hotels when they open in 2009.
  
  

Mainland China

Swire Properties Ltd.
Swire Properties is currently developing TaiKoo Hui in the Tianhe district of Guangzhou. Scheduled for completion in 2010, at a total estimated cost of RMB4 billion, the four million square foot project will consist of a major retail centre, offices, hotels, a performing arts centre and a library. Swire Properties has a 97% stake in the development, which it will manage on completion. The luxury Taikoo Hui Mandarin Oriental will be managed by the Mandarin Oriental group.

In December 2006, Swire Properties acquired a 50% stake from HKR International in a property development project at Dazhongli in the Jing'an District of Shanghai. The two companies will jointly develop a major retail centre, offices, hotels, serviced apartments and residential units, to be held primarily for long term investment.

In February 2007, Swire Properties acquired an 80% interest in the retail component, and a 100% interest in a boutique hotel integral to the overall development of approximately 1.85 million square feet, currently under construction in Sanlitun, Beijing. This project, named The Village at Sanlitun, will boast an exciting mix of flagship and global stores when it opens in 2008.

In February 2008, Swire Properties formed a joint venture with Sino-Ocean Land Holdings to develop a substantial retail-led, mixed-use project in the Chaoyang District of Beijing. The development will consist of 1,890,000 square feet of space, including a retail centre, Grade A office space and a five-star hotel; it is scheduled for completion in 2010 and will be managed by Swire Properties. Swire Properties established Mainland headquarters in Beijing in March 2008 and has representative offices in Guangzhou, Shanghai and Chengdu.

• Swire Hotels
  Swire Hotels' first boutique hotel, the 99-room Opposite House at the Village at Sanlitun, in Bejing, will open in the summer of 2008; a 100-room hotel will open at TaiKoo Hui in Guangzhou in 2010.

USA

Swire Properties Inc.
Swire Properties Inc. has been active in the development of investment and trading properties in Florida since the 1970s. Its primary focus is on Brickell Key in downtown Miami, where a number of commercial and residential properties have been developed.

Completed projects include 340,000 square feet of office and retail space and over 2,000 residential units, all successfully sold to institutional or individual purchasers. The latest residential trading project, Asia, a 123-unit condominium tower on Brickell Key, has recently commenced construction.

Swire Properties' investment portfolio at Brickell Key currently consists of the 329-room luxury Mandarin Oriental, Miami hotel, developed in partnership with the world-renowned Mandarin Oriental Hotel group and opened in 2000. Swire Properties holds 75% equity in the hotel, with the balance held by Mandarin Oriental International Ltd.