Chairman’s Statement Strengthening our Flagship With HK$30 billion allocated to our Hong Kong portfolio, Office Brands we will continue to invest in Taikoo Place. Our ownership of the Zung Fu Industrial Building and the Wah Ha The ongoing transformation of Taikoo Place has seen Factory Building, as well as a site on Tong Chong Street, the area evolve into a Global Business District, and will form part of our overall masterplan for the district. become one of the most sought-after business We are also making good progress on Six Pacific Place, addresses in Hong Kong. our newest triple Grade-A office tower within our Pacific In line with our HK$100 billion investment plan, we will Place portfolio in Admiralty. The tower is targeted to be continue to pursue our ambitious plans for Taikoo Place completed by the end of this year. Adjacent to this is Five to build a vibrant and sustainable community. Our latest Pacific Place, which we have upgraded to create a shared triple Grade-A tower, Two Taikoo Place, has been visual identity with Six Pacific Place, alongside shared well-received by the market, due to its industry leading amenities, including a sky garden, carpark spaces and ESG credentials. F&B offerings. Together, these buildings will strengthen the Pacific Place office brand and add diversity as we We are looking forward to launching new features from expand the portfolio further eastwards. later this year, including elevated walkways which will improve connectivity between the towers; Taikoo Square, part of our additional 70,000 square feet of Reinforcing Core Assets & green open space, which has been designed to promote Building Residential Pipelines biodiversity with water features and native vegetation; as well as diverse retail and al fresco dining concepts at Our Hong Kong malls have shown strong signs of street level, all activated by a range of community recovery over the past six months, following the lifting of engagement initiatives. COVID-19 travel restrictions and improved market Taikoo Place is a showcase of our commitment to sentiment. Riding on various large-scale campaigns creative placemaking. We have invested in a hosted by the HKSAR Government, we anticipate that people-centric masterplan for the area, focusing on footfall and sales will continue to improve for the rest of creating a working environment which promotes 2023. We remain focused on strengthening our tenant employees’ health and well-being. In the post-pandemic mix, improving our loyalty programmes and upgrading era, we believe this is the future of work, and we are our amenities. Diversity is key to our retail strategy, and confident that our vision for the district will stand us in we will continue to curate experiences in our malls which good stead. reflect new trends while addressing the needs of our customers, with a keen focus on wellness, sustainability, the arts and experiential retail. 10 Swire Properties Limited Interim Report 2023