Media Coverage

Confidence in Swire Properties' investment stems from its strong asset and liability structure, with the Company's gearing ratio standing at just 6.5% by the end of 2022. Swire Properties positions itself as a long-term investor, prioritising patience over short-term speculations. When sharing the Company's overall investment approach, Tim Blackburn, Chief Executive of Swire Properties, said, "We know what we want, we just need to be patient, and when we find the right opportunities, we will know." This long-term mindset permeates all aspects of Swire Properties' operations.

Swire Properties completed the full acquisition of Taikoo Li Chengdu's ownership in February 2023. Responding to public concerns regarding the Phase Two extension of INDIGO, Blackburn revealed that the development's construction is progressing well and remains on schedule. He expressed anticipation for the timely completion of the office towers in the fourth quarter of 2023.

In sustainable development, Swire Properties aims to a global leader by 2030. Blackburn emphasised the Company's ambition to make each Taikoo Li more innovative, improving site designs and providing new experiences for shoppers. To stay at the forefront, Swire Properties has established a USD50 million corporate venture capital fund that focuses on PropTech-related innovations.

Regarding operations and leasing, Blackburn stated, "For us, it's not about local brands or foreign brands, what we're looking for are brands that are exciting, innovative, and attractive to consumers." When discussing the Company's plans for this year, Blackburn affirmed the Company's commitment to developing projects in the Chinese Mainland and four major cities in Southeast Asia while also building up its digital capabilities.