Swire Properties to invest 12b yuan in more mainland joint ventures

Swire Properties plans to invest a further 12 billion yuan (HK$14.7 billion) in two joint-venture commercial developments, in Shanghai and Chengdu, over the next four years.

"By 2016, our mainland portfolio will account for one-third of the group's total gross floor area," said Martin Cubbon, Swire's chief executive.

via Business feed http://www.scmp.com/business/companies/article/1041897/swire-properties-invest-12b-yuan-more-mainland-joint-ventures