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10 Nov 2004

Swire Properties Confirms Cultural Harbour Exclusion

Swire Properties today (Wednesday, 10 November 2004) confirmed that its Cultural Harbour Proposal has not been shortlisted for the Government's public consultation exercise as part of the West Kowloon Cultural District assessment.

Swire Properties has always supported the need for transparency and full public consultation for major projects of public interest. In view of the small number of submissions (five), Swire believes that the interests of the public would best be served if all submissions are presented so as to elicit constructive community dialogue on the different developers' approaches. This is apparent from the multi-faceted responses to the submissions in June, and from the public support and interest shown in Swire's own Cultural Harbour concept.

"A development of this complexity and importance will have a significant impact on this and future generations, and the community is naturally concerned about the sustainability of the scheme and how it will add value to Hong Kong as Asia's World City. In this respect, our concept provides a viable alternative for the community's consideration," said Mr. Gordon Ongley, Director and General Manager of Swire Properties.

The cornerstone of Swire Properties' Cultural Harbour submission is a focus on the core harbour with a variety of new performance venues in full support of the Government's arts and cultural objectives whilst maximising long term sustainable development.

"As our track record shows, Swire has long been a strong advocate of the protection of Hong Kong's heritage and natural assets whilst at the same time showcasing them to their best advantage. We will continue to do so." Mr. Ongley added.