Swire Properties 1Q Operating Results Mixed
Swire Property reported mixed operating results for first-quarter 2018. In Hong Kong, the office portfolio at Pacific Place continued to perform very well, with the renewal of nearly 133,000 square feet. Rental reversions were up 21%, compared with 15% and 13% seen during the same period in 2017 and 2016, owing to the continued spill-over effect of a very tight Central office market. However, reversions for other office assets were not as robust. Taikoo Place saw renewal of over 650,000 square f...
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