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  • April 19, 2014
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  1. Emperor sees stable gains in retail rents

    Posted Jun 21st 2012, 12:00am

    ... that there was only a 5 per cent difference in rents between the two places last year. Monthly retail rentals on Russell Street, where Emperor has 63,400 square feet of retail space, tripled in three years ... to HK$465.47 million. It proposed a final dividend of 6 HK cents, giving a total dividend of 10.3 HK cents for the year. 32% The rise in retail rents in prime locations in Hong Kong last year, ...

  2. Hang Lung sees retail rents driving growth

    Posted May 17th 2005, 12:00am by Staff Reporter

    ... three years, but has so far announced only one- a 1.5 million square foot Tianjin shopping centre costing more than $2 billion. 'We will focus on retail properties and while some of them ... was good. He is confident of building the firm's mainland retail empire on the success of its two Shanghai commercial projects- Plaza 66 and the Grand Gateway- despite criticism from analysts ...

  3. Robust retail sector drives growth

    Posted Aug 08th 2011, 12:00am

    ... Wilson Lau Strong retail sales in Hong Kong have helped shopping-mall focused Fortune Real Estate Investment Trust record an 8 per cent increase in revenue to HK$446.8 million in the first ... 'Thanks to the robust retail market in Hong Kong, tenants in our shopping malls have enjoyed strong sales. Overall occupancy rate of the malls in our portfolio has climbed to 98.1 per cent ...

  4. Retail and office landlords to gain on better outlook

    Posted Jul 13th 2004, 12:00am by Peggy Sito

    ... developers to landlords, as retail and office rentals enter an upward cycle. 'In the wake of the improved economic outlook and increase in demand for retail and office properties, ... of other brokerage houses, including JP Morgan and Daiwa Securities, which have recently issued research reports recommending office and retail landlord stocks. Demand for retail space is expected ...

  5. Swire says rent growth will fall at property arm

    Posted Apr 20th 2010, 12:00am by Naomi Rovnick

    ... year's blistering growth in commercial property rents peters out. The company said in a stock exchange filing that its property business, which owns Hong Kong landmarks including Pacific Place ... in 2009,' Swire Pacific said. 'This reflects our expectation that growth in market rents in Hong Kong is likely to be limited.' Swire Pacific A shares fell 2 per cent to HK$91.95 ...

  6. Hysan earnings get lift from rising rents

    Posted Mar 07th 2007, 12:00am by Sandy Li

    ... the board. Office rents rose 20 per cent to 30 per cent last year while retail rents jumped 10 per cent to 15 per cent and residential rents climbed 5 per cent to 10 per cent, he said. Office rental ... Sandy Li Hysan Development posted flat underlying full-year profit as rising rents and lower finance costs offset the shrinkage of its investment property portfolio after it sold ...

  7. First-phase IFC Mall tenants face 10pc increase in rent

    Posted Jan 27th 2004, 12:00am by Staff Reporter

    ... Ernest Kong Tenants who moved into the first phase of IFC Mall three years ago face an average 10 per cent increase in rent when they renew their contracts as property developer Sun Hung Kai Properties seeks to catch up with rivals in Central. Average rents at the mall ranged from $100 to $150 per square foot, SHKP leasing department general manager Lawrence Wu said. ...

  8. Soaring rents put brakes on Swire store expansion

    Posted Apr 11th 2006, 12:00am by Sandy Li

    ... Sandy Li Slowing shop growth in HK to be offset by opening of over 300 mainland outlets Soaring rents have prompted Swire Resources, Hong Kong's largest sportswear retailer, to go ... and Catalog. The company also manages stand-alone concept stores under the brands of Columbia, Puma and Reebok. Retail rents for street-level shops have shot up 100 per cent at the busiest shopping ...

  9. Towering rents push costs sky high

    Posted Mar 23rd 2005, 12:00am by Sandy Li

    ... in the city, while companies such as Mannings, the largest pharmacy chain, warned that soaring rents in the office and retail sectors would certainly jeopardise its competitiveness. Rents for grade-A offices in Central have increased 91 per cent, while retail rents in some prime locations have virtually doubled, according to consultants. DTZ Debenham Tie Leung said Hong Kong's occupancy ...

  10. Foreign funds eager to sell holdings despite soaring rents

    Posted Apr 23rd 2008, 12:00am by Peggy Sito, Yvonne Liu

    ... International, said prices of offices and retail properties had risen significantly in the last few years. Office rents in prime areas may go up only 10 per cent this year, he forecast, since rents ... estate investment units of Merrill Lynch are planning to sell their interest in Golden Plaza in Mong Kok, and the retail portion of Silver Fortune Plaza in Central, according to sources. ...




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