Swire Properties has agreed to sell its 100% interest in a company which owns the land situated at Kowloon Bay, Hong Kong, known and registered in the Land Registry as New Kowloon Inland Lot No. 6312 and a building being developed on the site; the building is expected to be a 25-storey Grade-A commercial building above a three-storey carpark basement. Completion of the transaction is conditional upon the Occupation Permit and the Certificate of Compliance being obtained on or before 31st December 2018.