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 commercial landlords and operators of retail space. In Mainland China, it has developed five retail led mixed-use projects, in Beijing, Shanghai, Guangzhou and Chengdu. In the USA, it has a mixed-use development in Miami.
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 most 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 at Pacific Place and EAST, Hong Kong at Taikoo Shing. 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 four hotels. The Opposite House at Taikoo Li Sanlitun in Beijing is wholly owned by Swire Properties; 50% interests are owned in EAST at INDIGO in Beijing, in The Temple House at Sino-Ocean Taikoo Li Chengdu, and in The Middle House at HKRI Taikoo Hui in Shanghai. Swire Properties owns 97% and 50% interests in the Mandarin Oriental at Taikoo Hui in Guangzhou and The Sukhothai Shanghai at HKRI Taikoo Hui respectively.
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’ trading portfolio comprises completed developments available for sale in the Reach and Rise developments at Brickell City Centre in Miami, USA, and two uncompleted residential developments, one in Hong Kong, the other in Singapore. There are also land banks in Miami and Fort Lauderdale in Florida, USA.