Swire Properties

Swire Properties Limited is a Hong Kong-based property developer, owner and operator whose principal business is the creation and long-term management of premium mixed-use developments. The company was established in Hong Kong in 1972 and is a subsidiary of Swire Pacific Limited, the publicly listed holding company associated with the wider Swire Group. Swire Properties has been listed on the Main Board of the Hong Kong Stock Exchange since 2012 under stock code 1972. The company operates through three broad activities. Property investment covers the development, leasing and management of commercial, retail and residential assets held for recurring income and long-term value creation. Property trading covers the development and sale of mainly luxury residential properties. Hotel investment and operations are conducted principally through Swire Hotels, which operates lifestyle-oriented hotels and serviced-apartment concepts connected with several of the group's mixed-use projects. Swire Properties' Hong Kong portfolio includes major commercial hubs such as Pacific Place in Admiralty, Taikoo Place in Quarry Bay, Cityplaza and Citygate Outlets. These projects combine offices, retail, hotels, serviced apartments, public spaces and transport connectivity. Taikoo Place has developed from the former Taikoo Dockyard and refinery-related industrial area into a major decentralised Grade-A office district. Pacific Place, developed on and around the former Victoria Barracks site, is a large Admiralty complex containing retail, offices, hotels and serviced residences. Cityplaza is a major shopping and office destination above and around Tai Koo station, while Citygate Outlets serves the Tung Chung and airport catchment. The company expanded its mainland China platform through a series of large mixed-use developments. Its portfolio includes Taikoo Li Sanlitun and INDIGO in Beijing, Taikoo Hui Guangzhou, Sino-Ocean Taikoo Li Chengdu, HKRI Taikoo Hui in Shanghai and Taikoo Li Qiantan. These projects generally use open-plan, lane-based retail environments integrated with offices, hotels, cultural facilities and public realm. Swire Properties is also involved in the revitalization of Zhangyuan, a historic Shikumen garden area in central Shanghai, with plans combining commercial, cultural, hospitality and residential uses. Outside Greater China, Swire Properties' US business, Swire Properties Inc., has operated in South Florida since the late 1970s. Its Miami activities include the long-term master-planned Brickell Key community and Brickell City Centre, a large urban mixed-use scheme in the Brickell financial district. The company has also held residential investment interests in Singapore. Swire Properties emphasizes design quality, placemaking, premium tenant and hotel positioning, and the management of assets over extended periods rather than development and immediate disposal alone. Its projects commonly seek to combine retail, office, hospitality, residential and cultural uses in highly connected urban locations. The company remains active, with Guy Bradley serving as chairman and Tim Blackburn as chief executive from August 2021 according to the referenced encyclopedia material.

Swire Properties was established in Hong Kong in 1972, with its interests initially held by B&S Industries Limited and The Taikoo Dockyard and Engineering Company of Hong Kong Limited. The latter was renamed Swire Pacific Limited in 1974. The company's first major development was Taikoo Shing, built on the former Taikoo Dockyard site. The first residential block, Tung Ting Mansion, was offered for sale in January 1976. In the following year, the Taikoo Sugar Refinery Compound was renamed Taikoo Trading Estate, now known as Taikoo Place. The company began developing an international presence in the United States during the 1970s. In 1976 it acquired an interest in Berkeley Hambro Inc., a Tampa-based developer. It later entered a Florida joint venture to develop a site on Claughton Island in Miami. The island was subsequently renamed Brickell Key and became the foundation of Swire Properties' South Florida activities. Swire Properties Inc. was established in Miami in 1979. In Hong Kong, the company acquired the former Victoria Barracks site and surrounding land in 1985 and 1986. The site was redeveloped as Pacific Place, a major mixed-use hub comprising a shopping mall, offices, serviced apartments and hotels. The core development was completed in 1991, with Pacific Place Three following in 2004. The adjacent StarCrest residential project was completed in 1999 and contributed to the regeneration of the Star Street area in Wan Chai. Festival Walk, completed in 1998, combined extensive retail space, an office tower and a public transport terminus. Citygate and the associated Tung Chung residential developments were completed in 1999. The Citygate retail component was renamed Citygate Outlets in 2006 and became a prominent outlet-shopping destination near Hong Kong International Airport. Swire Properties expanded substantially into mainland China during the 2000s and 2010s. It acquired the Beijing Sanlitun project in 2007. The southern and northern portions opened in 2008 and 2010 respectively, and the development was subsequently renamed Taikoo Li Sanlitun. INDIGO in Beijing and Taikoo Hui Guangzhou opened in 2011, followed by the official launch of Sino-Ocean Taikoo Li Chengdu in 2015 and HKRI Taikoo Hui in Shanghai in 2017. These projects established the company's characteristic open-plan, retail-led mixed-use format in major Chinese cities. Swire Properties attempted to separate from Swire Pacific through an initial public offering in 2010, but postponed the plan because of adverse economic conditions. In 2012 it was successfully listed by introduction on the Hong Kong Stock Exchange. The company subsequently continued expanding its mainland portfolio, including the Taikoo Li Qiantan joint venture in Shanghai and the revitalization of Zhangyuan. In the United States, the company invested in and master-planned Brickell Key and developed Brickell City Centre in Miami. The first phase of Brickell City Centre, comprising retail, offices, hotel and residential elements, opened in November 2016. The company's wider portfolio also includes hotel operations through Swire Hotels and selected residential investment interests in Singapore.

• 2021

  New chairman and chief executive appointed

  [1]Swire Propertiesen.wikipedia.org

  Guy Bradley became chairman and Tim Blackburn became chief executive.

• 2016

  Brickell City Centre first phase opens

  [1]Swire Propertiesen.wikipedia.org

  The first phase of the Miami mixed-use development opened to the public.

• 2012

  Hong Kong stock-market listing

  [1]Swire Propertiesen.wikipedia.org

  Swire Properties began trading on the Hong Kong Stock Exchange under stock code 1972.

• 2011

  Mainland China portfolio expands

  [1]Swire Propertiesen.wikipedia.org

  Taikoo Hui Guangzhou and INDIGO Beijing opened, extending the company's mixed-use platform in mainland China.

• 1998

  Festival Walk completed

  [1]Swire Propertiesen.wikipedia.org

  Festival Walk opened as a retail, office and transport-linked development.

• 1991

  Pacific Place completed

  [1]Swire Propertiesen.wikipedia.org

  The main Pacific Place mixed-use development in Admiralty was completed.

• 1976

  United States expansion begins

  [1]Swire Propertiesen.wikipedia.org

  Swire Properties acquired an interest in a Florida developer and began building its US platform.

• 1975

  Taikoo Shing becomes first major development

  [1]Swire Propertiesen.wikipedia.org

  The former Taikoo Dockyard site began its transformation into Taikoo Shing, the company's first major development.

• 1972

  Company established in Hong Kong

  [1]Swire Propertiesen.wikipedia.org

  Swire Properties was established as a Hong Kong property development and investment business.

Premium, design-led property developer and long-term mixed-use asset owner

• Mixed-use development · 1991

  Pacific Place

  A major Admiralty complex combining a shopping mall, office towers, serviced apartments and hotels. It is directly connected to Admiralty MTR station and is one of Swire Properties' best-known Hong Kong investment assets.

• Office and mixed-use district · 1977

  Taikoo Place

  A decentralised Grade-A office district in Quarry Bay developed from former industrial land. Its interconnected office towers, public spaces, cultural programming and retail and dining offer are designed as an integrated business and lifestyle environment.

• Retail and office complex · 1982

  Cityplaza

  A major Hong Kong Island shopping and office complex located above and around Tai Koo station. The development also includes EAST Hong Kong, a lifestyle business hotel operated through Swire Hotels.

• Outlet retail and mixed-use complex · 2006

  Citygate Outlets

  An outlet-shopping and transport-oriented development in Tung Chung near Hong Kong International Airport. The complex includes retail, offices and the Novotel Citygate Hong Kong hotel.

• Retail-led mixed-use development · 2010

  Taikoo Li Sanlitun

  Swire Properties' first mainland China retail development, comprising open-plan lane-based retail areas and The Opposite House hotel in Beijing's Chaoyang District.

• Retail-led mixed-use development · 2012

  INDIGO

  A Beijing development combining a shopping mall, ONE INDIGO Grade-A office tower and EAST Beijing hotel, with direct access to the city's subway network.

• Mixed-use development · 2011

  Taikoo Hui Guangzhou

  A large Tianhe district project comprising a shopping mall, two office towers, Mandarin Oriental Guangzhou, serviced apartments and cultural facilities. It is Swire Properties' largest mainland China investment property in the referenced material.

• Retail-led mixed-use development · 2015

  Sino-Ocean Taikoo Li Chengdu

  An open-plan Chengdu development near Daci Temple and Chunxi Road, combining retail, Pinnacle One offices, The Temple House hotel and serviced apartments while incorporating the historic urban setting.

• Mixed-use development · 2017

  HKRI Taikoo Hui

  A Shanghai project on Nanjing West Road with retail, offices and hotels or serviced apartments. It is a major retail-led development in Jing'an District.

• Mixed-use development · 2016

  Brickell City Centre

  A large urban project in Miami's Brickell financial district. Its first phase combines shopping, offices, residential towers, EAST Miami and serviced apartments, with further phases planned in the referenced material.

• Urban regeneration project

  Zhangyuan

  A revitalization project involving Shanghai's historic Shikumen courtyard and garden area. The planned program combines retail, offices, hotel, residential, cultural and performing-arts uses while preserving the site's historic character.

• 2012

  Listing by introduction on the Hong Kong Stock ExchangeOther

  Background

  Following the postponement of its IPO plan, Swire Properties proceeded with a different route to public trading.

  Action taken

  The company's shares began trading on the Main Board under stock code 1972 on 18 January 2012.

  Aftermath

  Swire Properties became a separately traded Hong Kong-listed property company while remaining a subsidiary of Swire Pacific.

  Source

• 2010

  IPO plan postponedStrategy

  Background

  Swire Properties sought to separate from Swire Pacific through an initial public offering, but market conditions were described as unfavorable.

  Action taken

  The proposed IPO was postponed.

  Aftermath

  The company later pursued a listing by introduction on the Hong Kong Stock Exchange in 2012.

  Source

• 2018

  Taikoo Li Qiantan joint venture announced[1]Swire Propertiesen.wikipedia.org

  M&A

  Swire Properties entered a 50:50 joint venture with Shanghai Newbund Company to develop a retail-led mixed-use project in Qiantan, Shanghai.

• 2016

  Brickell City Centre opens in Miami[1]Swire Propertiesen.wikipedia.org

  Product launch

  The first phase of the large mixed-use Brickell City Centre development opened in Miami's Brickell financial district.

• 2012

  Swire Properties begins trading as an independently listed company[1]Swire Propertiesen.wikipedia.org

  Other

  The company was listed by way of introduction on the Main Board of the Hong Kong Stock Exchange, with shares beginning trading under stock code 1972.

• 2011

  Festival Walk sold to Mapletree[1]Swire Propertiesen.wikipedia.org

  Other

  Swire Properties sold its entire interest in Festival Walk to Singapore-based Mapletree in a major Hong Kong property transaction.

1. 1Swire Propertiesen.wikipedia.org
2. 2Swire Properties official websiteswireproperties.com