Swire Group, whose activities span property, aviation, beverages, marine services, and trading and industrial, is a Hong Kong listed conglomerate. It is the parent of Hong Kong carrier, Cathay Pacific Airways, and Dragonair, and Hong Kong Aircraft Engineering Co (Haeco) is a subsidiary. Swire Pacific and Swire Properties are the main listed arms of the group, which also owns Swire Hotels.
Firm unveils HK$20m proposal to revitalise part of Wan Chai
Swire Properties has unveiled a HK$20 million proposal to revitalise a part of Wan Chai and has invited members of the public to give their views.
The proposal aims to beautify the streetscape in a one-hectare area between Queen's Road East, St Francis Street, Star Street and Wing Fung Street by improving features such as railings, paving, lighting, signage and information panels. It also seeks to beautify the area's Lok Moon Garden, Kwong Ming Street children's playground and Dominion Garden, and improve public access to them.
Swire Properties' general manager Guy Bradley said the company valued the neighbourhood around its key developments. 'The area is very close to our home, Pacific Place,' he said. 'We see the project as a continuation of the regeneration of the area.'
Residents can visit an exhibition room at 3 Sun Street for details about the revitalisation plan and leave their comments until November 8.
Bradley said the estimated cost of the project, HK$20 million, was a preliminary figure. The actual cost would depend on the final design and the government's approval of the plan.
He said a key purpose of the plan was to encourage small businesses in the area to become more creative.
'The idea is not to create a second Lan Kwai Fong and it is not about food and beverage,' he said. 'Our intention is to encourage small businesses to create something of their own.'
Work may begin as early as the second quarter of next year.
'The exact schedule will depend on when we get final approvals and the scope of works,' Bradley said.
Swire Properties submitted a letter of interest in March in response to an invitation from the Old Wan Chai Revitalisation Initiatives Special Committee. It is the only party that has submitted an expression of interest to revitalise this particular area.
The Oval Partnership, an architectural firm, designed the revitalisation plan.
Bradley said the project covered many private ownership titles.
'Negotiation will need to be made as we respect private ownership rights,' he said. 'We will co-operate closely with the public sector, including government departments, and the district council as well.'