P A G E 1 2 4 P A G E 1 2 5 S W I R E P R O P E R T I E S S W I R E P R O P E R T I E S Swire opened its first Hong Kong office at No.1 Connaught Road in 1870. In 1882, to satisfy Asia’s growing demand for cane sugar, Swire built the Taikoo Sugar Refinery on the waterfront in Quarry Bay. The need to repair their Chinese Mainland fleet led to the construction of the Taikoo Dockyard in the same district, which was at the time the largest and most sophisticated dockyard in the region. FOUNDATIONS In 1972, the closure of both the refinery and dockyard in Quarry Bay prefaced a new Company, Swire Properties. The birth of this Company led to the creation of Taikoo Shing, one of the first large-scale private residential developments in Hong Kong; Cityplaza, an original retail concept that created a comprehensive mall under one roof; and the transformation of a barracks into Pacific Place. These milestones in Swire Properties’ history would shape the Company’s business strategy in the years to come, re-defining the concept of placemaking mixed-use developments in the region. TRANSFORMATION HISTORY AND MILESTONES 1972 Swire Properties was incorporated in Hong Kong with interests held by B & S Industries Limited and The Taikoo Dockyard and Engineering Company of Hong Kong Limited (renamed as Swire Pacific Limited in 1974) 1975 Commencement of the redevelopment of the site vacated by the dockyard into one of Hong Kong’s first major private housing estates, to be known as Taikoo Shing 1978 Development of Brickell Key, a mixed-use community, located off the coast of Miami, Florida in the United States 1983 Staged opening of Cityplaza, the largest shopping and entertainment centre on Hong Kong Island 1985 The Victoria Barracks site at Admiralty is purchased at auction 1988 Pacific Place opens to first tenants 1989 Completion of The Albany, Mid-Levels 1970 - 1989 1990 - 1999 1991–1992 Cityplaza Four opens in 1991, and Cityplaza Three is completed in 1992 1993–2003 Devon House is completed in 1993. In the next decade, Dorset House, PCCW Tower, Cityplaza One, Lincoln House and Oxford House follow 1995 Swire Properties becomes a Founding Member of the HK-BEAM Society (Building Environmental Assessment Method) 1999 StarCrest begins regeneration of the Star Street area 1975 1991 1972