Swire Properties Ltd

01972: XHKG (HKG)
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Swire Properties: Sale of Noncore US Retail Asset Within Expectation; Shares Remain Undervalued

Swire Properties has announced the sale of its 75% interest in Brickell City Centre retail asset to Simon Property, which owns the remaining 25%. The total consideration is up to USD 549 million, including a contingent component of USD 36 million tied to the cost of works on shared facilities.

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