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Swire Pacific ( (HK:0019) ) has issued an announcement.
Swire Properties Limited released its fourth-quarter 2024 operating statement, highlighting occupancy rates and retail sales performance across its properties in Hong Kong, the Chinese Mainland, and Miami. The report indicates solid occupancy rates in both office and retail segments, with notable lease renewals and rental growth. The company is progressing with several development projects in the Chinese Mainland, including Taikoo Li Xi’an and the Shanghai New Bund Mixed-use Project, expected to complete between 2026 and 2027. These developments underscore Swire Properties’ strategy to expand its footprint and enhance its market positioning in key Asian cities, potentially impacting future revenue streams and stakeholder interests.
More about Swire Pacific
Swire Pacific Limited is a diversified conglomerate based in Hong Kong, involved in property, aviation, beverages, marine services, and trading and industrial businesses. Swire Properties Limited, a subsidiary, focuses on property development, investment, and management, with a portfolio that includes office buildings, retail centers, and mixed-use developments primarily in Hong Kong and the Chinese Mainland.
YTD Price Performance: -5.49%
Average Trading Volume: 1,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $10.76B
Learn more about 0019 stock on TipRanks’ Stock Analysis page.
