Lao Fengxiang increased the base of 400,000 to rent the Causeway Bay shop

Mainland brands continue to expand. It is reported that the mainland Jinxing Laofengxiang has expanded in Causeway Bay to rent a Percival Street branch for 400,000 yuan.

The underground of Baohan Building, 22 to 30 Percival Street, Causeway Bay, was recently leased by the Mainland’s Jinxing Laofengxiang. The brand is undergoing renovation and is about to open. The property is located at the junction of Percival Street and Lockhart Road. It is understood that the underground and basement of the property was originally leased by Bonjour (00653). It was recently relocated and is now leased by Lao Fengxiang. The area is about 1,000 square feet, the monthly rent is about 400,000 yuan, and the rent is about 400 yuan.

Persian Street Millennium Shop 呎400

In 2015, Lao Fengxiang officially entered the Hong Kong market. He opened branches in retail core areas such as Tsim Sha Tsui and Mong Kok. Last year, he rented a rent of $660,000 for rent at Shop 32, G/F, Jade Pearl Plaza, 22-36 Paterson Street, Causeway Bay. 1,800 square meters, 呎 leased about 367 yuan, and now add a branch in the Causeway Bay area.

According to the Land Registry, the two shops at 106 and 108 Queen’s Road East, Wan Chai, were sold for $167.5 million. The new purchaser was created by Teng Hung. The company’s director, Zhang Tenghong, bought the Fanling Industrial Estate Factory for rent last year. On the other hand, the residential floor of the 4th floor of the old building at 94 Sheung Tung Street, Sheung Wan, is $80 million. The buyer is an accountant and is expected to be used for investment purposes.