In July and August 2022, Swire Hotels announced plans Key Developments for two new, third party owned hotels under The House In January 2022, the sale of the property located at Fort Collective brand in Tokyo and Shenzhen. The two hotels Lauderdale, Florida was completed. will be managed by Swire Hotels. In March 2022, a consortium in which the Group has a 70% interest successfully acquired (via a government Portfolio Overview land tender) the land use rights in respect of land located at the Small Wild Goose Pagoda historical and cultural The aggregate gross floor area (“GFA”) attributable zone in the Beilin district of Xi’an for a consideration of to the Group at 30th June 2022 was approximately approximately RMB2,575 million. The land is expected to 32.8 million square feet. be developed into a retail-led mixed-use development comprising retail and cultural facilities in addition to a Of the aggregate GFA attributable to the Group, hotel, serviced residences and business apartments. approximately 29.1 million square feet are investment properties and hotels, comprising completed investment In March 2022, the Group obtained full ownership of Zung properties and hotels of approximately 22.9 million Fu Industrial Building in Quarry Bay, Hong Kong. Subject square feet and investment properties under to the Group having successfully bid in the compulsory development or held for future development of sale of the adjacent Wah Ha Factory Building, the two approximately 6.2 million square feet. In Hong Kong, the sites are intended to be redeveloped for office and other investment property and hotel portfolio comprises commercial uses. approximately 13.9 million square feet attributable to the In March 2022, the Group acquired an additional 6.67% Group of primarily Grade-A office and retail premises, interest in the Citygate development. As a result, the hotels, serviced apartments and other luxury residential Group’s interest in the Citygate development has accommodation. In the Chinese Mainland, the Group has increased from 20% to 26.67%. interests in seven major commercial developments in prime locations in Beijing, Guangzhou, Chengdu, In June 2022, the Group acquired (via a government Shanghai and Xi’an. These developments are expected to land tender) a plot of land located at 269 Queen’s Road comprise approximately 13.1 million square feet of East in Wan Chai, Hong Kong for a consideration of attributable GFA when they are all completed. Of this, 9.6 approximately HK$1,962 million. The plot of land is million square feet has already been completed. Outside expected to be developed primarily for residential use Hong Kong and the Chinese Mainland, the investment with an aggregate gross floor area of approximately property portfolio comprises the Brickell City Centre 116,200 square feet. development in Miami, U.S.A. 19