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RTNominal down19.780 -0.570 (-2.801%)

29/09/2021 17:55

Swire Properties (01972) unit accepts land exchange offer

[ET Net News Agency, 29 September 2021] Swire Properties Limited (01972) said the
project company, which is a subsidiary of Swire Properties, has accepted the land exchange
offer under the offer letter, pursuant to which the project company will surrender the
surrendered lot to the HKSAR government and the HKSAR government will grant the regranted
lot to the project company for a premium of HK$4,540,210,000 subject to the terms and
conditions of the memorandum of agreement.
The surrendered lot is located at No.391 Chai Wan Road, Chai Wan, Hong Kong and has a
total site area of about 102,420 square feet. The surrendered lot is primarily restricted
to industrial purposes only. The regranted lot is to be known and registered at the Land
Registry as Chai Wan Inland Lot No. 178 and has a total site area of about 9,000 square
metres. (RC)

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