History and Milestones

Swire Properties was incorporated in Hong Kong with interests held by B & S Industries Limited and The Taikoo Dockyard and Engineering Company of Hong Kong Limited (renamed as Swire Pacific Limited in 1974).

In January, the Hong Kong Government approved in principle a master development plan submitted by the Company to develop a site comprising approximately 96 acres, including the Taikoo Dockyard (now known as Taikoo Shing), Taikoo Sugar Refinery Compound (which later became the Taikoo Trading Estate and the current Taikoo Place), Braemar Reservoir and various land lots in Taikoo Valley.

The Company commenced its first major development in the Hong Kong property market, Taikoo Shing. A 61-block residential project at the former Taikoo Dockyard site, the development is one of Hong Kong's major housing estates, and it laid the foundation of Swire Properties.

Completion of Westlands Gardens, a residential development comprising 652 units.

The Taikoo Sugar Refinery Compound was renamed the Taikoo Trading Estate. During this year, the Estate underwent an extensive upgrading and improvement programme. With the entire building fully let, the Company's Board approved the conversion of a vacant site into a light industrial/godown building, later known as Warwick House, to meet additional demand.

Tung Ting Mansion, the first block of Taikoo Shing, was offered for sale in January. Priced at HK$220 per sq ft, all 220 units were sold in a single day. The year also marked the official opening of Tung Ting Mansion in December.

The Company decided to invest significantly in the United States to implement its diversification strategy by acquiring interests in Berkeley Hambro Inc., a developer headquartered in Tampa, Florida. In addition, Swire McCormack Limited was formed in a joint venture with The McCormack Corporation based in Hawaii to develop for sale a townhouse complex on a residential site known as Puu Alii at Lilipuna Hills on the Hawaiian island of Oahu.

The Company was listed on The Stock Exchange of Hong Kong in June. Its shares were also traded on the London Stock Exchange.

The Company acquired interests in a joint venture with a Florida-based company, Cheezem Development Corporation Limited, to develop a 33.6-acre site on Claughton Island in Miami, Florida. Claughton Island was later renamed Brickell Key.

The Company acquired the remaining interest in Berkeley Hambro Inc., and changed its name to Swire Properties Inc.

Completion of Warwick House, Taikoo Trading Estate.

Completion of Mount Parker House, an office building in Cityplaza.

Completion of the residential project Rocky Bank on Deep Water Bay Road on Hong Kong Island, which comprised six semi-detached houses.

Swire McCormack Limited became a wholly-owned subsidiary of the Company and was renamed Swire Properties (Hawaii) Limited.

Completion of Kowloon Bay Cargo Centre.

Completion of Phases I & II of Puu Alii in Hawaii, comprising a total of 285 units.

Cityplaza, the largest shopping and entertainment centre on Hong Kong Island, was completed. The complex offered retail outlets, restaurants and entertainment facilities comprising a bowling alley, cinemas, an ice skating rink and roller skating facilities.

By means of a scheme of arrangement which became effective in July, Swire Pacific Limited acquired the remaining interest in Swire Properties, making Swire Properties a wholly-owned subsidiary of Swire Pacific Limited.

Completion of Cornwall House, Taikoo Trading Estate.

To strengthen the Company’s investment portfolio, Swire Properties purchased the Victoria Barracks site on Queensway at a land auction. The site was planned to be redeveloped into a commercial and hotel project.

Completion of Westlands Court in Quarry Bay, which provided a total of 652 residential units.

The Company purchased at a land auction a site on Queensway, which was adjacent to the Victoria Barracks site it had purchased the previous year. The entire Queensway development, later known as Pacific Place, was completed in two phases. The first phase was completed in late 1988, followed by phase two in 1991.

Completion of Courvoisier Centre on Brickell Key in Miami, Florida.

Completion and opening of the second phase of the Cityplaza shopping and entertainment complex.

The final phase of Village Gardens on Tat Chee Avenue/Fa Po Street, Kowloon was completed. The whole project comprised 373 units.

Completion of Beacon Heights on Lung Cheung Road, Kowloon, providing a total of 642 residential units.

The remaining five towers of Horizon Gardens in Taikoo Shing were completed during the year. This marked the culmination of the Taikoo Shing residential development, which comprised 12,698 residential homes in 61 towers.

The first phase of the office development of Pacific Place was handed over to tenants in August, while most of the lettable retail space was made available for fitting-out by the end of the year. Swire Properties moved into its headquarters at One Pacific Place in August.

Completion of Somerset House, Taikoo Trading Estate.

As part of the Pacific Place development, JW Marriott Hotel, a 602-room five-star hotel, was completed. At present, the Company has a 20% interest in the hotel.

Completion of Harbour Heights, which comprised three residential towers and a retail podium. The project provided a total of 924 apartments.

Completion of the Lei King Wan residential development, comprising 2,295 flats in 17 towers.

Completion of The Albany, a luxury residential tower at 1 Albany Road comprising 74 apartments, 8 duplexes and 2 penthouses.

Completion of Parkvale residential development on King’s Road. The project provided 812 apartments.

The Atrium, 136 fully-furnished serviced suites in Pacific Place, was completed and kept for long-term investment.

The Mall at Pacific Place opened for business. Two Pacific Place was also completed during the year.

Conrad Hong Kong in Pacific Place, a 512-room five-star hotel, was completed. The Company has a 20% interest in the hotel.

The Town Planning Board rezoned Taikoo Trading Estate as a Comprehensive Development Area, which reserved the Estate for office rather than industrial redevelopment use. The Company identified the opportunity to create a decentralised business hub in the area, and Taikoo Trading Estate was renamed Taikoo Place.

In the United States, the Pohakea Point residential development on the north shore of Oahu, Hawaii, as well as Courvoisier Centre II, the Company's second office building on Brickell Key in Miami, Florida, were both completed.

The Pacific Place development in Admiralty was fully completed. The complex comprised a shopping mall, two office towers with a business conference centre, serviced apartments and three five-star hotels, as well as car parking spaces.

Parkside (later known as PACIFIC PLACE APARTMENTS), comprising 243 fully-furnished serviced suites within the Pacific Place development, was opened for business.

Completion of Island Shangri-La Hong Kong in Pacific Place, a 565-room five-star hotel. The Company has a 20% interest in the hotel.

Completion of Cityplaza Four, Cityplaza.

Opening of the Pacific Place Conference Centre located on Level 5 of One Pacific Place, providing one-stop business conference facilities to tenants.

Completion of Cityplaza Three, Cityplaza.

Completion of Devon House, Taikoo Place, fronting King’s Road.

The Company commenced a new residential development on Brickell Key in Miami, Florida, known as The Tequesta. The project was later renamed One Tequesta Point. This investment project marked the beginning of a substantial long-term development plan for the entire island.

Completion of Dorset House, Taikoo Place and its twin tower, the Hongkong Telecom Tower, which was renamed PCCW Tower in 2000.

Completion of Robinson Place in Mid-Levels, providing a total of 619 residential units in the twin-tower development.

Located on Brickell Key in Miami, Florida, One Tequesta Point was completed and converted into a condominium tower to be offered for sale.

Swire Properties became a Founding Member of the HK-BEAM Society (Building Environmental Assessment Method).

Butterfield’s, a private club in Dorset House, Taikoo Place that offers catering and business facilities to tenants, was opened.

The three residential towers and the retail podium at Island Place were completed, providing a total of 784 flats. The residential and office premises were put up for sale, while the retail space and car parking spaces were kept for long-term investment.

Completion of renovation of Cityplaza shopping mall phase one and the Cityplaza One office tower.

Completion of The Floridian on Sai Wan Terrace, which provided 214 flats.

Completion of Sunningdale, a 44-unit residential scheme on Sai Yee Street, Mong Kok.

Completion of Island Place office tower.

Completion of Fairwinds, a four-house scheme on Tung Tau Wan Road, Stanley.

Completion of Festival Walk, comprising retail space spanning seven levels, an office tower, car parking spaces and a public transportation terminus. The complex is directly connected to the Kowloon Tong MTR station.

Completion of Lincoln House in Taikoo Place and 625 King’s Road in North Point.

Two residential schemes, Belair Monte in Fanling and Greenfields in Yuen Long, were completed. The Company held equity interests of 8% and 7% respectively.

Completion of Two Tequesta Point, a condominium tower on Brickell Key in Miami, Florida, followed by the commencement of Three Tequesta Point.

Completion of Oxford House, Taikoo Place.

Completion of the retail and office components of Citygate in Tung Chung, as well as the 2,158-unit Tung Chung Crescent residential scheme. The Company has a 20% interest in the consortium.

Completion of StarCrest, providing a total of 329 luxury apartments. This marked the beginning of the revitalisation of the entire Star Street area in Wan Chai.

Completion of the renovation project for the Cityplaza shopping mall.

Completion of CITIC Square in Shanghai in which the Company has a 10% interest.

Opening of Mandarin Oriental in Miami, Florida, a 326-room five-star hotel in which the Company has a 75% interest.

Opening of Cityplaza Cinemas, the first cinema in Hong Kong to offer a Director's Club.

Completion of Les Saisons in Aldrich Bay, providing a total of 864 residential units. The Company has a 50% interest in this residential development.

A dedicated fibre-optic matrix network serving tenants at Taikoo Place and Cityplaza was completed.

Completion of Three Tequesta Point on Brickell Key in Miami, Florida.

Completion of Seaview Crescent, a 1,536-unit residential development in Tung Chung. The Company has a 20% interest in the consortium.

The Company signed an agreement with the Guangzhou Daily Group to develop TaiKoo Hui, a large-scale commercial and cultural complex in the Tianhe District of Guangzhou.

The Company launched 3 Coombe Road, a luxury residential project at the Peak comprising four houses.

Completion of the last phase of Ocean Shores in Tseung Kwan O. The residential development provided a total of 5,728 residential units. The Company has a 49% interest in this development.

Completion of The Orchards in Quarry Bay, which comprised a total of 432 residential units.

Completion of Cambridge House, Taikoo Place.

Completion of Courts Brickell Key, a condominium tower on Brickell Key in Miami, Florida.

Completion of Three Pacific Place, an extension of the Pacific Place portfolio.

Completion of Jade Residences on Brickell Bay in Miami, Florida.

The Company signed a revised joint venture agreement to increase its stake in the TaiKoo Hui commercial and cultural complex in Guangzhou from 55% to 97%.

The Company acquired the remaining interest in Festival Walk, previously owned by CITIC Pacific. Festival Walk then became wholly owned by Swire Properties.

Opening of Novotel Citygate, a 440-room business hotel in Tung Chung in which the Company has a 20% interest.

The initiative to convert the retail mall in Tung Chung into Citygate Outlets, Hong Kong's first outlet shopping mall, was launched.

The Company purchased from HKR International Limited a 50% interest in the Dazhongli project in the Jing'an District of Shanghai. This landmark project, consisting of a major retail mall, offices and hotels, was jointly developed and held primarily for long-term investment.

The Pacific Place Contemporisation Project, a comprehensive redesign scheme for Pacific Place led by visionary designer Thomas Heatherwick, was launched.

The Company acquired the Beijing Sanlitun project in partnership with Gateway China Fund I (managed by Gaw Capital Partners). The project is a low-density mixed commercial development comprising a retail component and a 99-room hotel. The Company has 80% interest in the retail portion and full ownership of the hotel.

Launch of Swire Hotels, a new business division to manage the Company’s hotel development.

Completion of One Island East, a 68-storey Grade-A office tower in Taikoo Place.

Acquisition of a 50% interest to develop a retail-led mixed-use project in Chaoyang District, Beijing, later named INDIGO. This was the Company's second project in Beijing.

The Company established its Mainland China headquarters in Beijing.

Opening of the southern portion of Sanlitun Village (later renamed as Taikoo Li Sanlitun) and The Opposite House in Beijing, the first Swire Hotels property.

Completion of ASIA, a 32-storey residential condominium tower comprising 123 residential units, located on Brickell Key in Miami, Florida.

Opening of the second Swire Hotels property, The Upper House in Pacific Place.

Completion of the first phase of the Pacific Place Contemporisation Project, transforming the architectural design and facilities of this flagship complex.

Completion of the Island Lodge residential development in North Point. The Company was appointed by China Motor Bus Company Limited to be the developer of this residential project.

Opening of EAST, Hong Kong, a lifestyle business hotel within the Cityplaza portfolio.

Swire Properties moved its headquarters to One Island East in April.

Opening of the northern portion of Sanlitun Village (later renamed as Taikoo Li Sanlitun) in Beijing, which marked the official launch of the entire Sanlitun Village development.

The Company, in partnership with Sino-Ocean Land, successfully acquired land for commercial development in the Daci Temple area in Chengdu.

The Company and Tsinghua University established the Joint Research Centre for Building Energy Efficiency and Sustainability.

The Company sold its 100% interest in Festival Walk to Mapletree, a Singapore-based developer, for HK$18.8 billion in August. The property transaction was the most expensive ever conducted in Hong Kong’s history.

Completion of the Pacific Place Contemporisation Project in September. The project commenced in 2007, with a total investment cost of HK$2 billion.

Official opening of TaiKoo Hui in Guangzhou, a large-scale commercial mixed-use complex comprising a shopping mall, two Grade-A office towers, a cultural centre and a five-star hotel with serviced apartments.

Opening of INDIGO’s office tower, ONE INDIGO. INDIGO is a retail-led mixed-use development in Chaoyang District, Beijing.

The Company set up a representative office in Singapore to explore further investment opportunities in Asia.

The AZURA and ARGENTA residential projects in Mid-Levels West were both launched for sale.

The Company was listed by way of introduction on the Main Board of the Stock Exchange of Hong Kong. Its stock code is 1972 and its shares began trading on 18 January.

Completion of OPUS HONG KONG at 53 Stubbs Road, the Peak. The building is the first residential project in Asia by Pritzker Prize-winning architect Frank Gehry. The Company unveiled the show apartment for OPUS HONG KONG in May.

Launch of Chengdu Daci Temple Cultural and Commercial Complex, a mixed-use commercial project comprising a retail centre, a hotel with serviced apartments and a Grade-A office tower named Pinnacle One.

Opening of Mandarin Oriental, Guangzhou at TaiKoo Hui.

Opening of INDIGO, a retail-led mixed-use development in Beijing comprising a shopping mall, an office tower named ONE INDIGO and EAST, Beijing – a lifestyle business hotel.

Launch of the Brickell City Centre project, a mixed-use development in Miami, Florida.

Launch of DUNBAR PLACE in Ho Man Tin, which comprises 53 residences.

The Company partnered with the Hong Kong SAR Government on the Old Wan Chai Revitalisation Initiatives to rejuvenate the streets and historical features of the district, and to rebuild a sense of identity for the community.

Sanlitun Village in Beijing was renamed Taikoo Li Sanlitun.

Acquisition of a 1.55-acre site to add a new mixed-use tower to the Brickell City Centre project in Miami, Florida.

The Company announced the start of the Taikoo Place redevelopment project. Three existing industrial buildings will be redeveloped into two Grade-A office towers and a new landscaped open space of approximately 69,000 sq ft.

The Company signed a framework agreement with CITIC Real Estate and Dalian Port Real Estate for the development of the Dalian Port Project.

Acquisition of DCH Commercial Centre in Taikoo Place, which was subsequently renamed as Berkshire House.

Launch of “blueprint”, a new initiative based in Cornwall House, Taikoo Place comprising an accelerator programme and co-working space, which aims to support entrepreneurship in Hong Kong and nurture a culture of innovation and creativity at the Taikoo Place business district.

The Company carried out a HK$100 million facelift for Cityplaza to reinforce its leading position as the largest shopping mall on Hong Kong Island.

Launch of AREZZO in Mid-Levels West, which comprises 127 residences.

Launch of MOUNT PARKER RESIDENCES in Quarry Bay, comprising 92 apartments.

Launch of WHITESANDS, a development comprising 28 modern detached houses opposite Cheung Sha Beach in South Lantau.

Grand opening of Sino-Ocean Taikoo Li Chengdu, an open-plan, low-rise and lane-driven shopping precinct. The Temple House, the hotel within the development, was opened in the same year, making it the third property of The House Collective under Swire Hotels.

Simon Property Group joined Swire Properties Inc. and Whitman Family Development to establish a three-way partnership for development of the retail segment of Brickell City Centre.

The Company entered into a framework agreement with Shanghai Newbund Industrial Development Co., Ltd signifying their intention to jointly develop a retail project in Qiantan, Pudong New District in Shanghai.

Launch of the Company’s latest premium serviced residence, TAIKOO PLACE APARTMENTS, a valuable addition to its core investment portfolio in Quarry Bay.

The Company formed a joint venture with China Motor Bus Company, Limited to conditionally acquire a plot of land situated at Chai Wan for residential and commercial use. The joint venture is 80% held beneficially by Swire Properties and 20% held beneficially by China Motor Bus Company, Limited.

The joint venture large-scale mixed-use development project by HKR International and Swire Properties in Shanghai formerly known as the Dazhongli project was named HKRI Taikoo Hui.

Swire Hotels launched its restaurant division, Swire Restaurants, to manage the Company’s stand-alone restaurants.

Launch of ALASSIO in Mid-Levels West, Hong Kong, a residential development comprising 197 units.

The Company announced its HK$15 billion redevelopment plan for Taikoo Place, which will see the construction of two new triple Grade-A office buildings, One Taikoo Place and Two Taikoo Place, to provide 2 million sq ft of premium office space. The redevelopment will also feature a network of connecting walkways and nearly 70,000 sq ft of landscaped open space.

Grand opening of Brickell City Centre in Miami, U.S.A., a mixed-use development including a retail centre, two Grade-A office towers, two condominium towers, and EAST, Miami, the first Swire Hotel in the United States.

The Swire Properties Community Ambassador Programme partnered with 15 social welfare organisations to launch the three-day 'LOVE’S TEAM' carnival at ArtisTree, Taikoo Place, marking the 15th anniversary of promoting social inclusion and community care. The campaign lasted for a year, hosting 52 activities and raising more than HK$870,000 through a three-day charity fair that attracted close to 10,000 people.

Launch of STAR STUDIOS in the Starstreet Precinct, Hong Kong - a newly renovated residential development for lease consisting of two towers, STAR STUDIOS I and II.

Zaha Hadid: There Should Be No End to Experimentation was the closing exhibition at ArtisTree before the relocation of the event space. The exhibition showcased early paintings and drawings by architectural pioneer and visionary Zaha Hadid.

Launch of the new ArtisTree, a 7,000 sq ft space in Cambridge House dedicated to showcasing unique arts and culture programmes.

Relaunch of Blueprint at Taikoo Place, a 30,000 sq ft facility featuring an upgraded co-working space and a state-of-the-art event space.

HKRI Taikoo Hui, the first Swire Properties mixed-use development in Shanghai, was officially opened in November. The first phase saw the launch of a shopping mall and two Grade-A office towers.

Swire Properties conditionally agreed to sell its 100% interest in a subsidiary which owns the Cityplaza Three and Cityplaza Four properties.

One Taikoo Place was completed and was 100% pre-leased, set to become a new landmark on Hong Kong Island.

Swire Properties formed a joint venture with Shanghai Newbund Company to develop a retail project in Qiantan, which will be the Company’s second development in Shanghai.

South Island Place, our first Grade-A office building in the Wong Chuk Hang district was completed.

Taikoo Li Sanlitun celebrated its 10th anniversary.

Swire Properties issued its first green bond, raising US$500 million for 10 years at a coupon rate of 3.5%. Proceeds from the bond will be used to finance or refinance green projects.

The Middle House under Swire Hotels’ The House Collective officially opened in HKRI Taikoo Hui, Shanghai.

Swire Properties and Lujiazui Group officially announced the naming of their joint-venture retail project as “Taikoo Li Qiantan”

Completion of the sale of 100% Interest in the Cityplaza Three and Cityplaza Four Properties

Swire Properties officially unveiled its first ultra-luxury residential project in Singapore , “EDEN”

Completion of the sale of 50% Interest in 625 King's Road

Swire Properties formed a joint-venture with Jakarta Setiabudi Internasional Group to develop a luxury residential development in Jakarta, Indonesia.

Swire Properties secured its first sustainability-linked loan

Opening of Citygate Outlets’ New Extension

Swire Properties partnered with JLL and Ping An Urban Tech to launch the first corporate PropTech accelerator in Mainland China – “Urban Lab”.

Swire Properties wins Wong Chuk Hang Station Package Four Property Development project in a consortium.

“Sustainability We All Count”, a long-term Sustainable Development publicity campaign, was officially launched

Swire Properties announced a partnership with City Garden JSC to develop “The River” a luxury residential property comprising 525 luxury apartments in Ho Chi Minh City, Vietnam.

Swire Properties announced partnership with Shanghai Jing’an Real Estate Group to revitalise historic Zhangyuan shikumen compound.

Swire Properties announced Cooperation Agreement with People’s Government of Chaoyang District, Beijing Municipality and Beijing Public Transport Corporation (BPTC) to transform a BPTC maintenance facility into a cultural and commercial destination.

Taikoo Hui Guangzhou celebrated its 10th anniversary.

Opening of Taikoo Li Qiantan, which is Swire Properties' third ‘Taikoo Li’ project in Chinese Mainland, located in the Qiantan International Business District, Shanghai.

Swire Properties is the first Hong Kong and Chinese Mainland developer to have 1.5°C-Aligned Science-Based Targets approved.

Swire Properties and Guangzhou Pearl River Enterprises Group signed Cooperation Letter of Intent to jointly develop a new landmark in Julong Wan Area, Guangzhou.

Swire Properties Community Ambassador Programme celebrated its 20th anniversary.

Opening of Taikoo Li Sanlitun West, an extension to Taikoo Li Sanlitun in Beijing.

50th Anniversary of Swire Properties.

Swire Properties announced the development of Taikoo Li Xi’an with Xi'an Cheng Huan Cultural Investment and Development Co., Ltd.

Swire Properties announced Swire Hotels' new mixed-use retail, premium office and ultra-luxury hotel development under The House Collective to open in 2025 in Shenzhen’s Greater Bay Area.

Swire Properties announced Swire Hotels’ newest luxury hotel outside China under The House Collective, to open in 2027 as part of the high-end, mixed-use Shibuya Upper West Project in Tokyo, Japan.

Swire Properties and Guangzhou Pearl River Enterprises Group held the Groundbreaking and Cooperation signing ceremony for a partnership to develop a new urban commercial and cultural destination in the Julong Wan Area of Guangzhou’s Liwan District.

Swire Properties announced investment with China Tourism Group Duty Free Corporation to develop Sanya retail project.

Opening of Two Taikoo Place, Hong Kong.

Renamed Chengdu development to Taikoo Li Chengdu. Swire Properties now owns 100% of the development which also includes the award-winning hotel, The Temple House.

THE SOUTHSIDE Phase 4, a collaboration between Kerry Properties, Sino Land, Swire Properties and MTR Corporation at an exclusive location in the Southern District, was officially named as LA MONTAGNE.

Quarryside, a new community harbourfront space, opens in Quarry Bay. The project makes gainful use of a vacant government site and will provide a new venue for the benefit of the wider community.

First Hong Kong company to issue “Green Dim Sum” Renminbi public bonds.

Introduction of Lujiazui Taikoo Yuan, Shanghai. The mixed-use development also features Lujiazui Taikoo Yuan Residences, the Company’s residential debut in the Chinese Mainland.

Completion of Taikoo Place Redevelopment Project, including two triple Grade-A office towers, expansive green spaces as well as new elevated air-conditioned walkways.

Announcement of Taikoo Place Beijing, name of existing INDIGO development with Phase Two extension. This also marks the debut of Taikoo Place brand in the Chinese Mainland.

Partners with the Taskforce on Nature-related Financial Disclosures to launch its framework In Hong Kong, a ground-breaking framework to manage and reduce impact on nature and enhance resilience in the face of climate change and biodiversity loss.

Savyavasa, the luxury residential project in Jakarta, officially tops out. With its stunning, nature-oriented design and advanced sustainability features, Savyavasa is set to raise the bar for upscale living in the city.

Unveils “The Headland Residences”, a premium large-scale residential development on the eastern coast of Hong Kong Island.

Announces partnership with LVMH to form strategic sustainability partnership covering retail, office and F&B premises in the Chinese Mainland and Hong Kong.

Sale of interests in Brickell City Centre and other Miami sites.

History and Milestones

Since our establishment in 1972, we have grown into a leading developer on the strength of our experience in building communities.

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