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Swire JV buys Xi’an Taikoo Li site for $407m
Transactions - MARCH 14, 2022

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Swire JV buys Xi’an Taikoo Li site for $407m

by Andrea Zander

Hong Kong-based Swire Properties has plans to partner with Xi’an Cheng Huan Cultural Investment and Development Co., a state-owned subsidiary of Xi’an Qujiang New District Management Committee, to develop Taikoo Li Xi’an, the Company’s seventh development on the Chinese Mainland, located at the Small Wild Goose Pagoda historical and cultural zone in Beilin District, Xi’an in Shaanxi Province.

The two companies acquired the site for RMB 2.57 billion ($407.4 million). They will form a joint venture to develop the site as a retail-led mixed-use development, in which Swire Properties and Xi’an Cheng Huan Cultural will each hold a 70 percent and 30 percent interest respectively. The total investment for this new development is expected to be approximately RMB 10 billion ($1.57 billion) Xi’an becomes the fifth city on the Chinese Mainland in which Swire Properties has a business presence, following successes in Beijing, Shanghai, Guangzhou and Chengdu.

Taikoo L

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