Groundbreaking Ceremony for Chengdu Daci Temple Project

Swire Properties and Sino-Ocean Land, joint developers of the Chengdu Daci Temple Cultural and Commercial Complex, hosted a groundbreaking ceremony on site on 29 April 2011.

Officiating the ceremony were Mr Christopher Pratt, Chairman of Swire Pacific Ltd. and Swire Properties Ltd. and Mr Chen Runfu, Executive Director & Vice President of Sino-Ocean Land Holdings Ltd. Over 200 guests in attendance witnessed the birth of a major commercial and cultural centre in Chengdu.

The Daci Temple project, located in the heart of Chengdu and the popular Chunxi Road shopping area in Jinjiang District, will be conveniently accessible from the future subway interchange station of Lines 2 and 3. With a site area of 762,251 sq ft (70,779 sqm), the project will form a large scale urban complex comprising a premium shopping centre, a boutique hotel with over 100 guest rooms, serviced apartments and a Grade-A office tower.

The Daci Temple project is a fusion of Chengdu's unique cultural assets with the pursuit of a creative and fashionable lifestyle. The project is scheduled for a phased opening beginning in 2014 to offer a vibrant revitalisation for the Daci Temple and its surrounding area in Jinjiang District.

About Swire Properties
Incorporated in 1972, Swire Properties develops and manages commercial, retail, hotel and residential properties, with a particular focus on mixed-use development in prime locations at major mass transportation intersections. The Company's investment portfolio in Hong Kong totals approximately 17.8 million sq ft (approximately 1.66 million sqm)* of gross floor area, with Pacific Place, Island East and Festival Walk as its core holdings. In addition to Hong Kong, the Company has a presence in Mainland China, the United States and the United Kingdom.

In Mainland China, Swire Properties has a portfolio amounting to approximately 12.9 million sq ft (approximately 1.20 million sqm)*, the majority of which is under construction. The five projects consist of mixed-use developments in Beijing, Shanghai, Guangzhou and Chengdu, with Sanlitun Village and The Opposite House hotel in Beijing being the best-known among them.

In 2008, the Company formed Swire Hotels to create and manage intriguing urban hotels in Hong Kong, Mainland China and the United Kingdom, aimed at providing an exceptional experience for travellers who seek individuality, style and personalised service.

The Company is a wholly-owned subsidiary of the publicly-listed Swire Pacific Limited whose businesses are grouped under five operating divisions - property, aviation, beverages, marine services and trading & industrial.

Visit Swire Properties' website at www.swireproperties.com.

^* Gross floor area in respect of 100% of the properties excluding car park areas and not on an attributable basis.