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Sign in Sign up for a FREE subscriptionSwire Properties JV sells floors in office for $691m
Swire Properties and its parent entity Swire Pacific have plans to sell floors 42 through 54 in One Island East, a grade A office block in the Quarry Bay area, to Hong Kong financial regulator the Securities and Futures Commission, according to a notice to the Hong Kong exchange.
The sales price is $693 million.
The acquisition of the nine floors the SFC currently occupies will take effect from December, while the acquisition of three additional floors will be completed by 2028. The SFC currently occupies the 45th to 54th floors.
