History
Pacific Place was developed by Swire Properties. Phases One and Two were built on land formerly part of Victoria Barracks, one of the first military compounds in Hong Kong. The land was auctioned by the Hong Kong Government during redevelopment and was successfully bid for by Swire. It was purchased in two tranches in 1985 and 1986 for a total cost of US$1 billion. Phase One opened in 1988. The Conrad International Hotel was completed in 1991. Phase Three was completed in 2004. It was developed from old buildings on Star Street, Wan Chai.
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