Swire Properties to Build Landmark Mixed-Use Tower on Brickell Avenue

Plans Announced for the Recently Purchased Site at 700 Brickell Avenue in Miami

Swire Properties Inc, a Swire Properties subsidiary in the United States and one of South Florida's leading international real estate developers, today announced that it is planning to add a new mixed-use tower to its Brickell CityCentre project at the recently purchased site at 700 Brickell Avenue in downtown Miami.

Named One Brickell CityCentre, the proposed 80-storey tower will be designed by Arquitectonica. As one of the tallest buildings in Florida, One Brickell CityCentre is planned to include retail, Class-A offices, condominiums, and a hotel with a signature restaurant and lounge.

Under the plan, One Brickell CityCentre's grand plazas and retail shops will be connected to phase one of the Brickell CityCentre development, now under construction, and covered by the Climate Ribbon™, an elevated climate control trellis and architectural statement that unifies the project. One Brickell CityCentre will be the gateway to the overall development, creating a front door to the internationally renowned Brickell Avenue. Swire Properties Inc intends to work with the City of Miami to have One Brickell CityCentre approved as an extension of the original plan.

"In creating this vision for One Brickell CityCentre, we are mindful of the legacy of the sellers of 700 Brickell Avenue, heirs of the pioneer Brickell family and Northern Trust Bank, a great corporate citizen. Our goal is to develop a structure that will be well-rounded in its use and purpose, and serve the community as a whole," said Stephen Owens, President of Swire Properties Inc.

"One Brickell CityCentre is a tower that by its design, artful mix of uses and dramatic contours, will advance Brickell Avenue's stature as Miami's premier work-live-and-stay destination," he continued.

Phase one of Brickell CityCentre is under construction in the heart of Miami's Brickell district, and upon completion in 2015, will comprise a luxury shopping centre, two residential towers, the lifestyle business hotel EAST, Miami, serviced apartments, a wellness centre and Class-A offices.

About Swire Properties Inc
Swire Properties Inc, established in Miami since 1979, is one of South Florida's leading international developers of urban office, hotel and condo real estate. Known for its US$1 billion master-planned development of the island of Brickell Key in downtown Miami, the Company continues to shape the Miami skyline with its latest project, Brickell CityCentre, a landmark US$1 billion mixed-use development comprising a gross floor area of 5.4 million square feet including office, residential, hotel, retail and entertainment space and underground parking. The Company is a wholly-owned subsidiary of the publicly-listed Swire Properties Limited based in Hong Kong.