Market Chatter: Swire Properties' Malls Hit Full Occupancy in Q3 2025 as Retail Sales Rise

MT Newswires Live
01/07

Swire Properties (HKG:1972) said its shopping malls continued to outperform the market in the third quarter ended September 2025, with all assets achieving 100% occupancy, The Standard reported Tuesday.

Pacific Place, Cityplaza, and Citygate Outlets recorded positive year-on-year retail sales growth, supported by tenant mix upgrades and upcoming festival marketing campaigns, the report said.

In the office segment, Pacific Place occupancy rose to 96% despite a 13% year-on-year decline in rents, while Taikoo Place held steady at 90% as rents fell 15% over the first nine months.

Swire's newest Grade-A towers, Two Taikoo Place and Six Pacific Place, posted occupancy rates of 73% and 65%, respectively, according to the report.

In mainland China, all six Swire malls recorded positive year-on-year sales growth, it added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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