Review of Operations Taikoo Li Xi’an construction works are also in progress. The development Taikoo Li Xi’an is located at the Small Wild Goose Pagoda is expected to be completed from 2025. Around 88% of historical and cultural zone in the Beilin district of Xi’an the total saleable area of the residential towers was and is expected to be developed as a retail-led mixed-use pre-sold at 30th June 2024. The Group has a 40% interest development comprising retail and cultural facilities, a in this development. hotel and serviced residences. The estimated GFA is approximately 2.9 million square feet and is subject to Lujiazui Taikoo Yuan (formerly known as Shanghai finalisation of the development scheme. Excavation and Yangjing Mixed-use Project), Shanghai piling works are in progress. The project is expected to be Jointly developed with the Lujiazui Group, Lujiazui Taikoo completed in phases from 2026. The development is Yuan, situated along the Huangpu River and within the being conducted in collaboration with Xi’an Cheng Huan inner-ring road in Pudong district of Shanghai, will be Cultural Investment and Development Co., Ltd. The Group developed into a mixed-use landmark comprising has a 70% interest in Taikoo Li Xi’an. premium residential properties, retail, office and cultural facilities, and a hotel and serviced apartments as well. Taikoo Li Sanya The estimated GFA is approximately 4.2 million square Strategically located in the heart of Haitang Bay National feet (including retail floor area below ground and Coastal Recreation Park in Sanya, the development is our residential portion for trading), subject to relevant plan first-ever resort-style premium retail development approval. Basement construction and superstructure including underground parking and other ancillary works are in progress. The development is expected to be facilities, with a GFA of approximately 2.3 million square completed in phases from 2027. The pre-sale of the first feet. In collaboration with China Tourism Group Duty Free batch of the residential units is planned in late 2024. The Corporation Limited, the development will constitute Group has a 40% interest in this development. Phase III of the Sanya International Duty-Free Complex. Basement and ground floor works are in progress. The Julong Wan Project, Guangzhou development is expected to be completed in phases from As part of a mixed-use development with an approximate late 2025. The Group has a 50% interest in this GFA of 5.7 million square feet located in Liwan district of development. Guangzhou, the centre of the Guangzhou-Foshan metropolis circle, the Group is collaborating with the Shanghai New Bund Mixed-use Project Guangzhou Pearl River Enterprises Group to develop the The New Bund Mixed-use Project is situated within retail portion of this mixed-use development. The site Shanghai’s middle-ring road and spans a site area of with a GFA of approximately 352,000 square feet was approximately 686,000 square feet. Located at the acquired as of 30th June 2024. The GFA will increase to intersection of three Shanghai metro lines, the site is approximately 1,615,000 square feet, subject to further adjacent to Taikoo Li Qiantan, our first joint venture relevant transaction agreements. Basement works are in development with the Lujiazui Group. It is a mixed-use progress. The overall development is planned to be development comprising retail, office and residential completed in phases beginning from the first half of components, with an approximate GFA of 4.1 million 2027. Prior to the first phase’s completion, exhibitions, square feet (including retail floor area below ground). events, pop-up shops and activities will be conducted to Office and residential towers have been topped out and activate the area starting from late 2025. The Group has a façade works are in progress. Basement and retail 50% interest in the retail portion of the development. 36 Swire Properties Limited Interim Report 2024