Slow and steady, patience and transformation.
Swire Properties’ third-quarter results were in line as expected. In Hong Kong, as there was only 32,000 square feet of renewal at Taikoo Place during the quarter, the office portfolio showed largely the same positive rental reversion as the interim. Occupancy rate was unchanged at 99%. On the retail side, retail sales at Pacific Place were up 5.4% year to date, continuing to recover since turning positive at interim, after a decline of two years. Cityplaza saw retail sales down 5.1%, mostly due...
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