20 Dec 2023
Media:
Hong Kong Economic Times
Swire Properties actively expands footprint in Quarry Bay
Swire Properties has made strides in expanding its property portfolio in 2023. One notable deal was the Pan Hoi Street project, jointly developed with Henderson Land, which topped the compulsory sales for the year with a reserve price of HKD6.31 billion. The project plans to redevelop a series of ageing buildings in Quarry Bay for commercial and residential use. Additionally, the Company acquired the Zung Fu Industrial Building and the Wah Ha Factory Building, which will be redeveloped for office and commercial use, further expanding its commercial footprint in the district.
Furthermore, Swire Properties has been upgrading Taikoo Place through redevelopment. Following the completion of One Taikoo Place in 2018, Two Taikoo Place also completed in 2022, offering a gross floor area of over 983,000 sq ft.
Media:
Hong Kong Economic Times
Hong Kong Economic Times
20 Dec 2023