{"id":107339,"date":"2019-05-21T21:49:42","date_gmt":"2019-05-21T14:49:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-pacifics-property-arm-to-sell-its-50-per-cent-stake-in-625-kings-road-for-us303-million\/"},"modified":"2019-05-22T01:06:20","modified_gmt":"2019-05-21T18:06:20","slug":"swire-pacifics-property-arm-to-sell-its-50-per-cent-stake-in-625-kings-road-for-us303-million","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-pacifics-property-arm-to-sell-its-50-per-cent-stake-in-625-kings-road-for-us303-million\/","title":{"rendered":"Swire Pacific\u2019s property arm to sell its 50 per cent stake in 625 King\u2019s Road for US$303 million"},"content":{"rendered":"


\nSwire Pacific\u2019s property unit has reached an agreement to sell its entire 50 per cent stake in the owner of a commercial building in Hong Kong for HK$2.38 billion (US$302.6 million).Swire Properties will sell its stakes in Island Land Development, which owns 625 King\u2019s Road, a 26-storey tower in North Point, the parent company said in an exchange filing on Tuesday night. Swire Properties will record a gain of as much as HK$1.76 billion (US$220 million) from the sale to Jacko Rise Pte and the\u2026
\n
\nSource : South China Morning Post
\nRead more…Swire Pacific\u2019s property arm to sell its 50 per cent stake in 625 King\u2019s Road for US3 million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Swire Pacific\u2019s property unit has reached an agreement to sell its entire 50 per cent...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-107339","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rVh","jetpack-related-posts":[{"id":119163,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-properties-sells-cityplaza-one-office-tower-for-hk9-85-billion-us1-27-billion-after-its-parent-posted-first-interim-loss-in-half-a-century\/","url_meta":{"origin":107339,"position":0},"title":"Swire Properties sells Cityplaza One office tower for HK$9.85 billion (US$1.27 billion) after its parent posted first interim loss in half a century","date":"November 9, 2020","format":false,"excerpt":"\r Swire Properties, one of Hong Kong\u2019s largest owners of offices and shopping centres, has sold a 21-storey office building to a consortium of investors led by Gaw Capital Partners for HK$9.85 billion (US$1.27 billion), after its parent posted its first interim loss in half a century.The company, Swire Pacific\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79480,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cathay-pacific-and-offshore-marine-business-will-test-incoming-swire-chairman\/","url_meta":{"origin":107339,"position":1},"title":"Cathay Pacific and offshore marine business will test incoming Swire chairman","date":"February 9, 2018","format":false,"excerpt":"\r Turning around the fortunes of Swire Pacific\u2019s aviation and offshore marine services divisions will be the two biggest challenges facing incoming chairman Merlin Bingham Swire, according to analysts. Merlin Swire, 44, chief executive of the HK$106 billion (US$13.6 billion) Swire Group, is a sixth-generation descendant of its 19th-century founder,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63902,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-properties-posts-30-per-cent-jump-in-first-half-underlying-profit-on-higher-sales\/","url_meta":{"origin":107339,"position":2},"title":"Swire Properties posts 30 per cent jump in first-half underlying profit on higher sales","date":"August 17, 2017","format":false,"excerpt":"\r Swire Properties, one of Hong Kong\u2019s largest property developers, has reported interim earnings that beat analysts\u2019 forecasts, helped by increasing sales and higher margins on luxury real estate sold in the city. The company\u2019s underlying profit rose 30 per cent to HK$4.6 billion (US$588 million) in the six months\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7426,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-properties-core-profit-dips-1-per-cent-after-loss-on-disposal-of-british-hotels\/","url_meta":{"origin":107339,"position":3},"title":"Swire Properties core profit dips 1 per cent after loss on disposal of British hotels","date":"March 10, 2016","format":false,"excerpt":"\r Swire Properties reported underlying profit dipped 1 per cent to HK$7.07 billion last year due to a loss on disposal of four hotels in Britain.\r \r Source : South China Morning Post\r Read more...Swire Properties core profit dips 1 per cent after loss on disposal of British hotels","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48300,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-properties-2016-core-profit-edges-up-1-pc-to-hk7-11-b-missing-analysts-estimates\/","url_meta":{"origin":107339,"position":4},"title":"Swire Properties\u2019 2016 core profit edges up 1 pc to HK$7.11 b, missing analysts estimates","date":"March 16, 2017","format":false,"excerpt":"\r Swire Properties, one of Hong Kong\u2019s oldest and largest builders of luxury homes and grade-A offices, reported a core profit figure that missed analysts\u2019 estimates, as its twin focus of villas and commercial space missed out on the boom in the world\u2019s most expensive real estate market. Net profit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79498,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/from-coca-cola-to-cathay-pacific-swire-pacifics-five-major-businesses-in-hong-kong\/","url_meta":{"origin":107339,"position":5},"title":"From Coca-Cola to Cathay Pacific, Swire Pacific\u2019s five major businesses in Hong Kong","date":"February 9, 2018","format":false,"excerpt":"\r From daily items such as a bottle of Coca-Cola and a packet of sugar, to high-rise shopping malls in Hong Kong\u2019s prime central areas, one would find it almost impossible to escape the influence of this Hong Kong conglomerate whose sprawling business empire spans five sectors. Butterfield and Swire,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107339"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=107339"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107339\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=107339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=107339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=107339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}