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09 Apr Swire Properties to close The Opposite House in Beijing, group’s first hotel, as it eyes redevelopment to retail property

Posted at 02:38h in Asia

Swire Properties is shutting down the group’s first ever hotel, The Opposite House in Beijing, after 16 years to make way for an “innovative retail landmark”, according to a spokesman.Located in the upmarket Taikoo Li Sanlitun (TLS) area in the Chinese capital, the 99-room hotel,...

31 Mar Hong Kong grocers feel pain as locals rush to Shenzhen for cheaper prices; luxury and experiential retailers fare better

Posted at 07:30h in Asia

Improved retail sales last year appear to have helped retail landlords, as the average retail rent rose 4 per cent in 2023, according to government data. This put shop rents just 10 per cent below the pre-pandemic peak in February 2019, S&P said.Pedestrians cross a...

14 Mar Hong Kong’s Swire Pacific posts record US$4.6 billion profit on Cathay boost, eyes healthcare to offset property market

Posted at 07:31h in Asia

Swire Pacific is betting on healthcare investments in mainland China and Indonesia as an area of growth to offset Hong Kong’s office property market, which is likely to remain soft for the year.The Hong Kong-based conglomerate reported record underlying profit of HK$36.2 billion (US$4.6 billion)...

01 Jan CEOs at top Hong Kong builders, landlords share optimism on outlook, see sustainability as key issue amid market stress

Posted at 03:30h in Asia

The CEOs of major landlords and developers in Hong Kong have made building on the normalisation that began last year a top priority for 2024, with a focus on strengthening balance sheets, evolving tenant portfolios and exploring new business opportunities.These priorities also come with an...

Swire Properties Tag

09 Apr Swire Properties to close The Opposite House in Beijing, group’s first hotel, as it eyes redevelopment to retail property

31 Mar Hong Kong grocers feel pain as locals rush to Shenzhen for cheaper prices; luxury and experiential retailers fare better

14 Mar Hong Kong’s Swire Pacific posts record US$4.6 billion profit on Cathay boost, eyes healthcare to offset property market

01 Jan CEOs at top Hong Kong builders, landlords share optimism on outlook, see sustainability as key issue amid market stress

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