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15 Mar 2005

Swire Properties Welcomes Deloitte as the Largest Office Tenant of Pacific Place

Swire Properties and Deloitte Touche Tohmatsu ("Deloitte") today (Tuesday, 15 March 2005) signed a leasing contract for the largest single transaction involving grade-A offices in the Central Business District in the past 18 months.

Deloitte will take up the top zone of One Pacific Place, including 32/F and 35/F to 40/F of the building, and will become the largest office tenant in the whole Pacific Place complex. The firm's new home will occupy approximately 148,000 sq ft, accounting for 20% of the building, from early 2006.

"We are pleased that Deloitte - as one of the largest professional services firms in the world, chose Pacific Place as the office building for its Hong Kong operations," said Mr Jolyon Culbertson, Director and General Manager of Swire Properties. "Pacific Place's location as the hub of Hong Kong and its large open plan floors with full modern facilities meets the infrastructural needs of the continually evolving and growing business of Deloitte China's Hong Kong office."

At the signing ceremony today, Mr Peter Bowie, Deloitte China CEO said, "We have a long-term view of our role in the development of Hong Kong. Over the past three decades, our Hong Kong office has grown to its current level of 1,600 people and is the largest office in our China network. Moving our office to One Pacific Place reflects our long-term commitment to the development of Hong Kong as an integral part of our China national practice."

Mr Bowie said Hong Kong is a centre of excellence in many ways, serving the needs of multinational and Chinese companies investing in Hong Kong and the Mainland. "For the foreseeable future, it will continue to be an important centre for us to serve our local, national and multinational clients, contributing to the significant growth of our China national practice."

Mr Kester Yuen, Managing Partner of Deloitte Southern China said, "People are our greatest asset. We want to ensure that our people have an excellent working environment in a location that gives them ready access to premium support services and convenient transportation links."

As one of the three office buildings of the Pacific Place complex, One Pacific Place combines a prime location with advanced telecommunications facilities. Besides, tenants and their visitors are supported by a well-planned environment, including 3 five-star hotels, serviced apartments and an elegant shopping mall.

"The transaction further strengthens our grade-A office portfolio as Deloitte will join an extensive community of multinational corporations and professional firms based in Pacific Place," added Mr Culbertson.