Media Coverage

Swire Properties has submitted bids to acquire a 40% equity interest in two companies that own prime sites in Shanghai’s Pudong New Area. The bids were made by the Company’s wholly-owned subsidiaries. The land plots owned by the two companies, known as the Yangjing site and the New Bund plot, are expected to be used for retail, office and residential developments.

Chief Executive Tim Blackburn said that the Company is pleased to have the opportunity to bid for these two sites, which hold promising development potential. Swire Properties is steadily building up an exciting project pipeline in the Chinese Mainland as part of its HKD100 billion investment plan. These potential investments are integral to the Company’s growth strategy and demonstrate its long-term commitment to the Chinese Mainland.