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19 Jul 2005

Three Pacific Place Attracts More International Tenants

Swire Properties today (Tuesday, 19 July 2005) announced that agreements have been signed with two international tenants, The Bank of New York and Microsoft Hong Kong Limited (Microsoft) to lease over 26,000 sq ft at Three Pacific Place.

The Bank of New York, a global leader in securities servicing, will relocate its office from New Henry House to Three Pacific Place and take up approximately 16,000 sq ft. Microsoft, (Nasdaq: "MSFT") a worldwide leader in the software industry, is moving its training facilities in the third quarter of this year from Jardine House to Three Pacific Place, where it has committed to lease a total area of about 10,000 sq ft.

"Three Pacific Place, the new addition to the Pacific Place complex, has truly integrated into the premium commercial hub and appeals to multinationals seeking quality and premier location," commented Swire Properties' Director and General Manager, Mr Jolyon Culbertson. "Together with Philips and Société Générale, we are delighted that Three Pacific Place is the choice for Fortune 500 companies".

"The Bank of New York, which has experienced steady growth in Asia, believes Hong Kong is a critical location for rapidly growing our securities servicing and alternative investment businesses," said Mr Andrew M. Gordon, General Manager and Managing Director of Hong Kong Office, The Bank of New York. "We are investing in a top-grade office in Hong Kong in order to better position ourselves to service our clients and to meet their growing business needs."

Microsoft's Business and Marketing Organisation Director, Mr Adam Anger said, "Technology will play a key role to support the growth and development of companies in Hong Kong. The relocation of our training facility to such a premier location with great facilities will enable us to better serve our customers and partners, supporting them to advance their business growth with innovative technology."

With its emphasis on building excellence, Swire Offices has created major business hubs in Hong Kong, offering business corporations the best facilities, connectivity, environment and services in which to operate.