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千亿港元投资计划
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连升三名内地高管,太古地产为千亿港元投资计划护航?
Di Yi Cai Jing· 2025-06-06 12:40
Core Viewpoint - Swire Properties emphasizes that a talented team is crucial for implementing its HKD 100 billion investment plan, with recent management changes aimed at enhancing its retail business in mainland China [1][9]. Group 1: Management Changes - Swire Properties has announced a series of internal appointments, promoting executives with extensive experience in the mainland market, particularly in the management teams of its Taikoo Li projects in Beijing, Shanghai, and Chengdu [1]. - Yu Guoan, previously in charge of Beijing Sanlitun Taikoo Li, has been appointed as General Manager of Retail Business (New Projects) for mainland China [1][5]. - Gu Yuzhen, General Manager of Shanghai Qiantan Taikoo Li, has been appointed as General Manager of Retail Business (Shanghai Pudong) [1][5]. - Wu Yushan, General Manager of Chengdu Taikoo Li, has been promoted to General Manager of Retail Business for mainland China, while continuing to lead Chengdu Taikoo Li [1][8]. Group 2: Investment Strategy - The recent management changes are closely linked to Swire Properties' HKD 100 billion investment plan, with approximately HKD 50 billion allocated to the mainland market [9]. - The company aims to double its total floor area in mainland China by 2032, reflecting its long-term commitment to the market [9]. - Retail business is a key focus area for Swire Properties, with several new or expanded retail projects planned [9]. Group 3: Retail Performance - In 2024, retail business accounted for 51.2% of Swire Properties' total revenue, marking a 2.5 percentage point increase from 2023 [9]. - Rental income from retail properties in mainland China rose by 7% to HKD 4.489 billion, with an average foot traffic increase of about 5% [10]. - The rental income for Beijing Sanlitun Taikoo Li increased by 12%, reaching a historical high since its opening, while Shanghai Qiantan Taikoo Li saw a 7% growth [10]. Group 4: Market Outlook - The company is optimistic about the mainland retail market, anticipating a steady growth in retail sales driven by domestic demand and ongoing renovations of its shopping centers [10]. - The mainland is expected to become one of the largest luxury goods markets globally, supported by a continuous increase in luxury sales [10].
北京太古坊将于2026年入市 太古地产加速布局内地市场
Bei Jing Shang Bao· 2025-04-15 12:38
Core Viewpoint - Swire Properties is expanding its commercial footprint in mainland China, with a significant investment plan of HKD 100 billion over the next decade, focusing on core markets and aiming for long-term growth [1][2]. Investment Strategy - Swire Properties announced a HKD 100 billion investment plan in early 2022, with approximately RMB 50 billion allocated to mainland China, and 92% of the committed funds have already been deployed after three years [1]. - The company is actively seeking new investment opportunities in Shenzhen and plans to develop more Swire Lounges in mainland China [2]. Project Developments - The Beijing Swire Town project, located in Chaoyang District, is the largest single investment project by Swire Properties in mainland China, with a total construction area of 860,000 square meters, including eight Grade A office buildings and a shopping center [1]. - The project is expected to be completed and opened in phases by the end of 2026 [1]. Retail Business Performance - Swire Properties has confidence in its retail business, with a 12% increase in rental income from the Sanlitun Swire Town in 2024, marking a historical high [2]. - The company has upgraded its retail offerings and adjusted brands in its projects, resulting in a 5% increase in foot traffic in mainland locations [2][3]. Brand Adjustments - Several retail stores in Sanlitun Swire Town have undergone brand adjustments, including the opening of flagship stores for various international brands [3]. - The Yushe Hotel in Sanlitun is undergoing renovation to transform into an innovative retail space [3]. Market Challenges - Recent changes in U.S. tariff policies have introduced uncertainties in commercial development, but Swire Properties remains resilient and anticipates continued growth in mainland consumer spending [3].