Three Pacific Place attracts more international tenants | Press Release

19 Jul 2005

Three Pacific Place attracts more international tenants

Swire Properties today (Tuesday, 19 July 2005) announced that agreements have been signed with two international tenants, The Bank of New York and Microsoft Hong Kong Limited (Microsoft) to lease over 26,000 sq ft at Three Pacific Place.

The Bank of New York, a global leader in securities servicing, will relocate its office from New Henry House to Three Pacific Place and take up approximately 16,000 sq ft. Microsoft, (Nasdaq: "MSFT") a worldwide leader in the software industry, is moving its training facilities in the third quarter of this year from Jardine House to Three Pacific Place, where it has committed to lease a total area of about 10,000 sq ft.

"Three Pacific Place, the new addition to the Pacific Place complex, has truly integrated into the premium commercial hub and appeals to multinationals seeking quality and premier location," commented Swire Properties' Director and General Manager, Mr Jolyon Culbertson. "Together with Philips and Societe Generale, we are delighted that Three Pacific Place is the choice for Fortune 500 companies".

"The Bank of New York, which has experienced steady growth in Asia, believes Hong Kong is a critical location for rapidly growing our securities servicing and alternative investment businesses," said Mr Andrew M. Gordon, General Manager and Managing Director of Hong Kong Office, The Bank of New York. "We are investing in a top-grade office in Hong Kong in order to better position ourselves to service our clients and to meet their growing business needs."

Microsoft's Business and Marketing Organisation Director, Mr Adam Anger said, "Technology will play a key role to support the growth and development of companies in Hong Kong. The relocation of our training facility to such a premier location with great facilities will enable us to better serve our customers and partners, supporting them to advance their business growth with innovative technology."

With its emphasis on building excellence, Swire Offices has created major business hubs in Hong Kong, offering business corporations the best facilities, connectivity, environment and services in which to operate.

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About Swire Properties

Swire Properties, a wholly-owned subsidiary of Swire Pacific Limited, was incorporated in 1972 and is one of Hong Kong's leading developers with extensive experience in the development and management of major commercial, retail and residential properties. The company's strategy has been to 'hub' its investment property holdings around major shopping centres and office towers constructed at the principal Mass Transit Railway intersections.

Swire Properties' investment portfolio in Hong Kong principally comprises office and retail premises, which it manages in prime locations, as well as serviced apartments and other luxury residential accommodation. The completed portfolio totals just over 12 million sq ft of gross floor area. Current investment property pending or under development in Hong Kong comprises a further 2.58 million sq ft, mainly of office space. Visit Swire Properties web site at www.swireproperties.com

About The Bank of New York

The Bank of New York (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Bank of New York has been conducting business in the Asia-Pacific region for over 50 years and has a long tradition of collaborating with clients to deliver innovative solutions and to succeed in the world's rapidly evolving financial markets. The Company has 17 offices in 12 countries in Asia, including full-service branches in Shanghai, Tokyo, Hong Kong, Singapore, Seoul and Taipei, and employs over 1,500 staff in the region. Additional information is available at www.bankofny.com.

About Microsoft Hong Kong Limited

Founded in 1975, Microsoft (Nasdaq: "MSFT") is the worldwide leader in software, services and solutions that help people and businesses realise their full potential. The Microsoft Hong Kong office was established in 1991.

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