Swire Properties' Latest Serviced Apartments Named TAIKOO PLACE APARTMENTS

Swire Properties is pleased to introduce TAIKOO PLACE APARTMENTS at 23 Tong Chong Street, Island East. The development is scheduled for opening in mid-2015.

Situated in the heart of TaiKoo Place, Hong Kong's largest privately owned business district, this new serviced residence will be a valuable addition to our core investment portfolio in Island East, and a strategic extension of the successfully branded PACIFIC PLACE APARTMENTS.

"We are delighted to introduce TAIKOO PLACE APARTMENTS to the local community," said Martin Cubbon, Chief Executive of Swire Properties. "This new development is part of the TaiKoo Place redevelopment plan incorporating the construction of two Grade A office towers. These three new buildings will help realise the full potential of Island East as an integrated urban community and enhance Hong Kong's status as a regional and international financial and business hub."

TAIKOO PLACE APARTMENTS is a 28-storey building comprising 111 fully-serviced suites with a choice of studio, one-bedroom, two-bedroom or penthouse suite, the respective gross areas of which are approximately 480 sq ft, 620 to 740 sq ft, 1,220 sq ft and 1,620 sq ft. Residents can enjoy exclusive amenities including a private lounge, an outdoor dining terrace, a gymnasium, spa and steam rooms, as well as 24-hour concierge service.

"Managed alongside the PACIFIC PLACE APARTMENTS, we believe TAIKOO PLACE APARTMENTS will see strong demand from tenants in the Grade A office buildings in Island East," said Adrian To, Residential Portfolio Director at Swire Properties.

About TAIKOO PLACE APARTMENTS
TAIKOO PLACE APARTMENTS is a 28-storey building comprising 111 fully-serviced suites with a choice of studio, one-bedroom, two-bedroom or penthouse suite, the respective gross areas of which are approximately 480 sq ft, 620 to 740 sq ft, 1,220 sq ft and 1,620 sq ft.