Browsing Tag
Swire
2 posts
Swire Properties Profit Plunges 67% on Markdowns Despite Retail Rebound
Swire Properties’ One Island East in Quarry Bay (Image: Swire Properties) Swire Properties reported an attributable net profit of HK$2.6 billion in 2023, marking a 67 percent decline from a year prior as a HK$4.4 billion fair value loss on investment properties dented the Hong Kong-listed developer’s bottom line, according to the company’s annual results
Swire Denies Attempting to Sell Miami Project as Market Slides
Rendering of One Brickell City Centre (Image: The Related Companies) Ten months after starting to clear the site for an office development which is planned to be Miami’s tallest skyscraper upon completion, Swire Properties has shopped the project to potential buyers, according to a Wall Street Journal report this week, as demand for deskspace dips