The sale of the Festival Walk shopping mall in Hong Kong’s Kowloon Tong district tripled Swire Properties’ 2011 profit. It rose 170% to $1.7 billion. Swire Properties owns about 10.5 million square feet of office and 2.4 million square feet of retail in Hong Kong. It is expecting a 10% increase in one of its prime retail facilities, Pacific Place, for the first two months of 2012.

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