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March 21, 2019

Progress report on key projects undertaken by Swire Properties
In the recent 2018 financial results announcement, Swire Properties reported the group’s key projects in progress. Highlights on some of the projects are:
- In March 2018, Swire Properties completed the acquisition of a 50% interest in Shanghai Qianxiu Co Ltd from a subsidiary of Shanghai Lujiazui Finance & Trade Zone Development Co Ltd. Shanghai Qianxiu is developing a retail project with an aggregate GFA of approximately, 50,000 square feet in Qiantan, Pudong New District in Shanghai. The development (now called Taikoo Li Qiantan) is expected to be completed in 2020.
- In May 2018, The Middle House, Swire Hotels’ fourth hotel in The House Collective (which is managed by Swire Properties), and a non-managed hotel, The Sukhothai Shanghai, officially opened in Shanghai.
- In May 2018, the extension to Citygate Outlets, with an aggregate GFA of approximately 474,000 square feet, was topped out. The extension is expected to open in the summer of 2019. Swire Properties has a 20% interest in the development.
- One Taikoo Place has an aggregate GFA of around one million square feet. The building was topped out in January 2018 and received its occupation permit in September 2018.

The Middle House, Shanghai

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