Swire Pacific Limited

For immediate release

17 August, 1999

96% office space leased at Festival Walk

Swire Properties and Ove Arup & Partners today (Tuesday, 17 August) announced the signing of Ove Arup & Partners as office tenant at Festival Walk. The office building of Festival Walk is now almost fully let.

Ove Arup & Partners, an international firm of consulting engineers, will relocate from its existing offices in Wanchai to Levels 5 and 6 at Festival Walk and occupy over 100,000 square feet of office space.

Mr. Jolyon Culbertson, Director and General Manager of Swire Properties, said: "We are proud that Ove Arup & Partners chose Festival Walk as their headquarters in Hong Kong. Festival Walk has proven the ideal choice for companies who appreciate the benefits of location, quality management and a nature-inspired environment which is conducive to productivity."

In addition to Ove Arup & Partners, Festival Walk office building tenants also include City University of Hong Kong, The Prudential Assurance Company Limited, Tokin Electronics (HK) Limited, Infineon Technologies HK Limited and City Telecom (HK) Limited.

Festival Walk is conveniently located in the centre of Kowloon with direct connection to the Mass Transit Railway (MTR) and Kowloon Canton Railway (KCR). In addition to the 4-level office tower, Festival Walk offers a one million square feet shopping mall with 200 shops, 27 restaurants and dining outlets, a 35,000 square feet supermarket, an 11-screen multiplex cinema and Hong Kong's largest ice-rink. The complex provides a covered taxi rank and 850 car-parking spaces.

Festival Walk is a joint venture between Swire Properties and CITIC Pacific and is managed by Swire Properties.

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