May 2018
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Swire Properties to develop second project in Shanghai
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PROPERTY
Citi-Fame Development Limited, an indirect wholly owned subsidiary of Swire Properties Limited, has acquired a 50% equity interest in Shanghai Qianxiu Company Limited from Shanghai Newbund Industrial Development Co., Ltd., for a consideration of approximately RMB1,349 million. Shanghai Qianxiu holds the land-use rights for a parcel of land located at Qiantan, in Pudong New District, Shanghai. The joint venture will develop a major retail project at Qiantan – an area envisioned as Shanghai's newest international business district. The project will be Swire Properties' second development in Shanghai, after HKRI Taikoo Hui in Puxi, and its sixth project in Mainland China.
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One Taikoo Place tops out
Swire Properties to develop second project in Shanghai
Swire Properties to develop second project in Shanghai
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Swire News May 2018 issue
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