More bad news for Hong Kong’s New World Development leads today’s look at real estate happenings from around the region, as the builder reports steeper losses, despite asset sales. Also making the list are a potential office mega-deal in Seoul… Read More>>
Swire Properties Maps Out $12.8B Asia Pipeline After 25% Drop in Profit
Swire Properties today reported a nearly 25 percent drop in underlying profit attributable to shareholders for 2021, as the company struggles with weak commercial leasing and hospitality environments in its core markets of Hong Kong and mainland China.
In the… Read More>>
Swire Properties Reports 49% Jump in Profit as Greater China Market Recovers
Real estate markets in Hong Kong and mainland China have begun to bounce back from the trauma of the COVID-19 pandemic, and that rebound is helping to drive encouraging results for one of the region’s largest commercial developers.
Swire Properties… Read More>>
Merlin Swire Steps Down as Chair of Swire Properties, Swire Pacific
After steering his family’s 200-year-old empire through some of Hong Kong’s most turbulent times in recent memory, Merlin Swire is stepping down as chairman of Swire Properties and Swire Pacific, according to an announcement to the Hong Kong stock exchange… Read More>>
Swire’s Pudong Mall Project Moves Forward With $213M Purchase of JV Stake
After opening its HKRI Taikoo Hui mall at 90 percent occupancy in November, Swire Properties is set to develop its second retail project in Shanghai. The latest venture for the Hong Kong-based builder is in Pudong’s Qiantan Area, an international… Read More>>
Facebook, Baker Mac Help Swire Pre-Lease Over Half of One Taikoo Place
Over half the space in Swire Properties’ new office tower in its flagship Taikoo Place development has already been leased out, chief executive Guy Bradley announced at the project’s topping out ceremony in Hong Kong’s Quarry Bay today.
Among the… Read More>>
Swire Planning 124,000 Sqm Mall for Shanghai’s Qiantan Area
Swire Properties, which is planning to open a 321,000 square metre commercial complex in Shanghai’s Jing An District next year, now has big plans for Pudong as well.
The Hong Kong-based developer recently announced that it has signed a framework… Read More>>
Swire and HKRI Rename Shanghai Nanjing Road Project as HKRI Taikoo Hui
Hong Kong real estate developers HKR International and Swire Properties have been preparing for more than nine years to change Shanghai’s downtown with a new commercial megacomplex in the heart of the city’s Nanjing Road shopping district.
But before they… Read More>>