Hong Kong's Wen Wei Po (Reporter Leung Yuk Cum) Sun Hung Kai Properties (0016) which has been actively expanding Tseung Kwan O South 66A, 66B, 66B1 until 66C1 totaling 242,000 square feet of floor (ie The Wings series Dock) mall named PopWalk,including indoor and outdoor tenant, leasing agent, general manager of Sun Hung Kai Properties Chung Sao Lin said yesterday,TKO 66B with a total of 35 shops,with approximately 65,000 square feet of floor has been pre-leased 35% of the floor to the main restaurant, which is 10,000 square feet supermarkets,some restaurants location is expected to open early next year, the annual rental income expected this mall is about HKD $3.0 ten million to HKD $3.3 ten million,as for Tseung Kwan O 66A and 66C with totaling 95,000 square feet of floor,it is expected to open by the end of next year, while a total of eight 66B2 square feet of floor is expected to open in late 2017.
She also said that SHKP plans to spend HKD $3.15 billion to more than 10-year-old Tseung Kwan O center with 400,000 square feet mall renovation, transform and upgrade,so expect rental income to double, will be divided into two conducted for a period of 17 months, the first a total of 200,000 square feet of floor in the third quarter of this year to begin by the end of next year for the second period, the number of shops from 140 to 200, and there will be a double spread,it is expected to be completed by the end of 2018 all renovation now this mall crowd 60,000 people on weekdays, holiday crowd 80,000 people.
life@KCC was expected with annual rent of HKD $3.6 ten million
In addition,SHKP to spend HKD $2.5 billion in 2011 purchased Kwai Luen Thai industrial buildings, with a total investment of HKD $5.0 billion has been rebuilt as a new type of Ginza shopping mall, called life@KCC,it is expected to have close to 100 tenants, rent by 40 feet intent to $ 100, there are 20 businesses to submit a letter of intent rent, the main dining, fashion, the estimated annual rental income of HKD $3.6 ten million, 20% higher than retail rents in the same district, is scheduled for completion in the third quarter 2016, the Department will work with neighboring Wyatt@KCC inside providing a total of 165,000 square feet of floor playing sisters mall just opened Wyatt@KCC,with the construction area of about 65,000 square feet, 60% of the floor tenants for the first time entered the mall , lease of HKD $50 per sq.ft,the annual rent of HKD $2.3 ten million.
She also said that that SHKP also plans to activated Hip Lik Industrial Building in No.33 Tseuk Luk Street, San Po Kong as the Ginza-style shopping malls, with approximately 240,000 square feet,the intention lease of HKD $40-80 per sq.ft, it is expected to be completed in the fourth quarter of 2016,which will achieve synergies with Mikiki in region.
