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11 Sep 2014

Swire Properties named Best Office/Business Developer in Hong Kong

Swire Properties today welcomed the recognition from the internationally respected financial magazine Euromoney, which named the company as the Best Office/Business Developer in Hong Kong in its Real Estate Survey 2014.

Martin Cubbon, Chief Executive of Swire Properties, said, “We are delighted and honoured to be chosen as the best developer in the office/business category in Hong Kong, particularly by industry experts and corporate end-users from around the world. This award gives us the encouragement to continue to provide the highest standards of design and services as we continue with our expansion plan for our office portfolio in Hong Kong, Mainland China and Miami.”

Swire Properties is a leading developer, owner and operator of mixed-use, principally commercial properties in Hong Kong and Mainland China. Its attributable property investment portfolio, including property under development, totals 27.4 million sq ft, of which 15.1 million sq ft is office space. The company owns mixed-use developments in six cities, namely Hong Kong, Beijing, Chengdu, Guangzhou, Shanghai and Miami.

Euromoney’s Real Estate Survey 2014 canvassed the opinions of real estate developers, advisors, investment managers, corporate end-users and banks in over 60 countries and regions worldwide. Respondents ranked which firms they thought were the best providers of real estate products and services in their market in the past 12 months. Over 2,300 responses were received in the survey, which was conducted from 18 to 29 March 2013. Respondents praised Swire Properties for its leading role in promoting transparent communication to investors, indicating that “the company has a clear strategy and good visibility”.

In Hong Kong, Swire Properties launched a seven-year redevelopment plan for TaiKoo Place early this year. The redevelopment will provide 2 million sq ft of leading edge office space and a new landscaped square of approximately 69,000 sq ft – similar in size to Statue Square in Central, Hong Kong. Completion of the first building is scheduled in 2018. In addition, two Grade-A office buildings currently under development in Kowloon Bay and Wong Chuk Hang are scheduled for completion in 2017 and 2018, respectively.

In the Mainland, another 2.5 million sq ft of mixed-used commercial space will be coming on stream with the opening of Sino-Ocean Taikoo Li in Chengdu in 2015 and the Dazhongli project in Shanghai from 2016 onwards. In Miami, Florida, the company has embarked on the exciting Brickell City Centre project, which will see the addition of 2.3 million sq ft of residential, commercial and hotel space when Phase I is completed by the end of 2015.