Mixed-use · Shanghai, China
HKRI Taikoo Hui
—, Shanghai, China
Partial
Current value
$3.00B
▲ 0.0% 1-yr (modeled)
Cap rate
4.85%
▼ 0 bps vs 4.85% submarket
NOI · derived
$145.5M
Value $/SF
$867
sourcedmodeled0 of 6 sourced
Ownership & debt
Ownership graph
Asset → owner → parent → beneficial owner · every edge sourcedOwnership transparency
Recorded chainRecorded owners
Swire Properties / HKR International (50:50 joint venture)
Fee simple · 50% interest
HKR International Limited (50%)
Equity interest
Ultimate beneficial owner — as recorded
Swire Properties Limited (SEHK: 1972) and HKR International Limited (SEHK: 0480)
Beneficial interest
Swire Pacific Limited / John Swire & Sons (50%) and HKR International / Chow family interests (50%)
Beneficial interest
Debt
No publicly recorded debt
Debt appears here only when a recorded mortgage, deed of trust or securitization filing names this asset — nothing is inferred from ownership or market norms.
Securitized debt — SEC loan tape
No SEC ABS-EE loan-level filing is matched to this asset. Public loan tapes exist only for SEC-registered CMBS — most large-asset debt is 144A-private, balance-sheet or agency financed and files none.
Tenants & leasing
The Middle House (hotel)The Sukhothai Shanghai (hotel)Starbucks Reserve Roastery Shanghai
Per-tenant lease detail arrives with disclosed stacking plans.
Underwriting
Assumptions — user inputs, not sourced data: 5-year hold · exit cap +25 bps vs today · 3.0% NOI growth per year.
Assumptions — user inputs, not sourced data
Hold period
Exit cap vs today
+25 bps
NOI growth / yr
3.0%
Unlevered IRR
7.1%
Exit cap
5.10%
Exit value
$3.31B
Exit NOI
$168.7M
Unlevered IRR sensitivity — exit cap Δ × NOI growth
| Exit Δ | 2.0% | 2.5% | 3.0% | 3.5% | 4.0% |
|---|---|---|---|---|---|
| -25 bps | 7.9% | 8.5% | 9.0% | 9.5% | 10.1% |
| 0 bps | 6.9% | 7.5% | 8.0% | 8.5% | 9.0% |
| +25 bps | 6.0% | 6.5% | 7.1% | 7.6% | 8.1% |
| +50 bps | 5.2% | 5.7% | 6.2% | 6.7% | 7.2% |
| +75 bps | 4.3% | 4.8% | 5.4% | 5.9% | 6.4% |
Modeled output — not investment advice. Derived from the assumptions above, not sourced claims.
Provenance footnotes
- Current value: Estimated — no sourced claim on file.
- Cap rate: Estimated — no sourced claim on file.
- NOI: Estimated — no sourced claim on file.
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — Swire Properties / HKR International (50:50 joint venture): Single source — en.wikipedia.org · https://en.wikipedia.org/wiki/HKRI_Taikoo_Hui
- Ownership — HKR International Limited (50%): Single source — en.wikipedia.org · https://en.wikipedia.org/wiki/HKRI_Taikoo_Hui
- Tenant — The Middle House (hotel): Single source — en.wikipedia.org · https://en.wikipedia.org/wiki/HKRI_Taikoo_Hui
- Tenant — The Sukhothai Shanghai (hotel): Single source — swireproperties.com · https://www.swireproperties.com/en/portfolio/current-developments/hkri-taikoo-hui/the-sukhothai-shanghai/
- Tenant — Starbucks Reserve Roastery Shanghai: Single source — en.wikipedia.org · https://en.wikipedia.org/wiki/HKRI_Taikoo_Hui
Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration and every underwriting output are derived arithmetic, not sourced claims. Underwriting outputs follow the assumptions printed in the panel — user-editable inputs, not observations. Not investment advice.
Anchoring begins when the asset enters the live ledger.