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  1. Hold the tears for cashed-up retailers seeking mall mercies on rents

    Posted Feb 22nd 2005, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp 'The store would never make a profit if we accepted the new rate. We hope other retailers oppose the high rent policy.' Paul Law Tim-fuk Director, Luk Fook Holdings International (Jewellery retailer) OUR HEADLINE ON the front page story on Saturday stated it more strongly- 'Retailers refuse to pay as rents skyrocket up to 60 per cent'. ...

    http://www.scmp.com/article/489861/hold-tears-cashed-retailers-seeking-mall-mercies-rents
  2. Rents at Hysan buoyed by big-spending mainlanders

    Posted Mar 10th 2011, 12:00am by Yvonne Liu

    ... mainlanders, which helped Chinese tourist spending at upmarket The Lee Gardens and Lee Gardens Two rise more than 60 per cent compared with 2009. Retail rents renewed last year increased more than 20 ... Yvonne Liu Hysan Development, the largest landlord in Causeway Bay, is reaping the benefits of cashed-up mainland tourists. Rents from the company's investment properties drove core ...

    http://www.scmp.com/article/740472/rents-hysan-buoyed-big-spending-mainlanders
  3. Cafe de Coral may close outlets amid surging rent rises

    Posted Jul 13th 2005, 12:00am by Denise Tsang

    ... profitability, but also prompted landlords to lift rents, threatening the survival of retailers and restaurant owners, Mr Chan said. 'We won't renew contracts if the new rental makes our stores ... not to renew the leases on at least 30 restaurants and several Oliver's Super Sandwiches outlets in the face of rent rises of up to 30 per cent. Chairman Michael Chan Yue-kwong sounded the warning ...

    http://www.scmp.com/article/508048/cafe-de-coral-may-close-outlets-amid-surging-rent-rises
  4. Sogo tenants face a rise in their rent

    Posted Aug 17th 2004, 12:00am by Sandy Li

    ... Sandy Li With cash registers singing again, the store's owner expects increased income Most of the tenants at Sogo department store in Causeway Bay face rent rises after enjoying ... for renewal this year. Lifestyle charges tenants either a base rent or a turnover rent, whichever is higher. Managing director Thomas Lau Luen-hung said most tenants paid turnover rent due ...

    http://www.scmp.com/article/466870/sogo-tenants-face-rise-their-rent
  5. Great Eagle gets in position for 30pc rise in office rents

    Posted Sep 17th 2004, 12:00am by Sandy Li

    ... rents to increase by up to 30 per cent next year, fuelled by a resurgence of demand from major corporations. The company, which also owns Citibank Plaza in Central, believes office rents in the central business district have returned to their 2002 levels. Assistant director Adrian Lee said: 'Office rents will experience a big jump next year. It will not be surprising to see 20 to 30 ...

    http://www.scmp.com/article/470647/great-eagle-gets-position-30pc-rise-office-rents
  6. Hysan optimistic on outlook as interim earnings increase 18.2pc

    Posted Aug 06th 2008, 12:00am by Staff Reporter

    ... of last year, while rent for retail space grew 5 to 10 per cent, said executive director Ricky Tsang Tin-for. While some market observers are concerned a global economic slowdown will crimp demand ... Fulton Mak Hysan Development, the biggest landlord in Causeway Bay, said its first-half core earnings jumped 18.2 per cent because of rising rents, and the company was 'cautiously ...

    http://www.scmp.com/article/648013/hysan-optimistic-outlook-interim-earnings-increase-182pc
  7. U-Right plans to buy more shops

    Posted Jul 23rd 2005, 12:00am by Andy Chen

    ... Andy Cheng Casual wear retailer and manufacturer U-Right International Holdings plans to buy seven shops in non-prime locations in Hong Kong this year to mitigate the impact of soaring rents, according to chairman Leung Ngok. Announcing the company's annual results for the year to March yesterday, Mr Leung said $300 million had been earmarked from U-Right's $700 ...

    http://www.scmp.com/article/509371/u-right-plans-buy-more-shops
  8. Hysan reaps rewards of improved rental income

    Posted Mar 11th 2010, 12:00am by Yvonne Liu

    ... at Manulife Plaza of The Lee Gardens in Causeway Bay which would be vacated by Manulife this year. Yung expects office rents to rise 5 to 10 per cent this year. Hysan's revenue from retail properties surged to HK$648 million, while the retail space was virtually fully let and rents remained stable. Net profit, including the property revaluation gain of HK$1.25 billion, jumped 70.4 per ...

    http://www.scmp.com/article/708285/hysan-reaps-rewards-improved-rental-income
  9. Hysan bucks slump to post 12.2pc growth in core profit

    Posted Mar 11th 2009, 12:00am by Staff Reporter

    ... expect office rents outside Central to drop 32 per cent to HK$33 per square foot this year and retail rental will decline 15 per cent. Hysan has an investment property portfolio of more than ... Recurring underlying profit rose to HK$1.07 billion in the year to December from HK$950 million a year earlier, thanks to higher rents. The results were in line with the average HK$1.12 billion ...

    http://www.scmp.com/article/672906/hysan-bucks-slump-post-122pc-growth-core-profit
  10. Powerlong tips 224pc jump in profit for year

    Posted Sep 25th 2009, 12:00am by Peggy Sito

    ... billion) for the year to December. The builder of residential-retail projects in the mainland's inland cities is selling one billion shares at HK$3.30 to HK$4.90 each. Net profit was 937 ... residential developments and large retail centres. The company sells residential units and high-street shops to generate revenue while holding on to large shopping centres as long-term investments. ...

    http://www.scmp.com/article/693570/powerlong-tips-224pc-jump-profit-year

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