Swire sells Festival Walk to Temasek for HK$18.8b

Sale of Festival Walk to Temasek’s Mapletree expected to show book profit of HK$1.63 billion
Sandy Li
Jul 30, 2011

Swire Pacific (SEHK: 0019) says it will sell its Festival Walk shopping and office complex in Kowloon Tong for a record-breaking HK$18.8 billion, a move analysts say is the fastest way for the company to raise capital to fund its aggressive mainland expansion.
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