Strong Performance for the Office Portfolio while Retail Subdued for Swire's 1Q
For first-quarter 2019, Swire Properties reported strong operating results for its office portfolio, while the retail portfolio in Hong Kong was weak. In Hong Kong, the office portfolio at Pacific Place continued to perform very well, with large renewal of nearly 400,000 square feet. Rental reversions were up 20%, compared with 21% and 15% seen during the same period in 2018 and 2017, owing to the continued spill-over effect of a tight Central office market. Rental reversion for other office ass...
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