The property asset involved in this transaction is a development site located at 500 Brickell Key Drive in Miami. Swire Properties acquired this site for $37,000,000, securing complete ownership of the joint venture that owns the Mandarin Oriental hotel site. The site is part of Swire's planned Residences at Mandarin Oriental project, which includes future developments involving two towers of 850 and 426 feet in height.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $37,000,000
• Buyer: Henry Bott - Swire Properties
• Location: 500 Brickell Key Drive, Miami
• Prior Ownership: 25% investor stake in a joint venture
• Future Plans: Demolition of the existing 326-key hotel in early 2026 for a new development

Henry Bott represents Swire Properties in this transaction. The acquisition enables Swire to advance its development plans in Brickell, following the sale of North Squared for $45M and other assets in Brickell City Centre for $760M.