K11 stores 200 million refurbished in the next year

The 10th anniversary of the opening of K11 Mall in New World (0017), Tsim Sha Tsui, continued to increase overall traffic and turnover. Hu Yujun, K11 Operations Director (Hong Kong) stated that the current sales and turnover of shopping malls have increased by 150% and 100% from 2008, and the occupancy rate has remained at 100%.

Entering its 10th anniversary, the mall will spend 200 million yuan to carry out a major refurbishment, using wood, stone and other materials as the main materials, and will reorganize the current tenant mix, including the introduction of more international fashion jewelry, accessories and clothing on the ground floor street area. The brand; Concierge area on the 3rd floor is converted into an open-style coffee shop and a K11 exit will be added to the MTR Tsim Sha Tsui Station after renovation. Hu continued that the entire renovation project involves 340,000 square feet of floor space, and is expected to be completed by the end of 2019. By then, the flow of people and turnover will increase by another 30%. It is estimated that there will be a double-digit increase in rent.

Xin Xie (0016), Deputy General Manager of the Leasing Division, said that during the World Cup, the top ten shopping malls in the World Cup had discontinued the promotion of RMB 16.12 million, and the overall flow and turnover would increase by 19% and 36% respectively year-on-year. Tseung Kwan O’s Donggang City will build 8,000 square feet of indoor soccer theaters, play 64 events, and create online self-service VIP Deluxe and QR Code tickets. When the event enters the quarterfinal stage, customers who have spent 30,000 yuan or more on the first 5 seats of each event day will receive a night in a standard hotel room in Tseung Kwan O.

Donggang City builds 8,000 indoor soccer theater

Another Henderson (0012) announced that following the establishment of a licensed retail boutique in the World Cup in Brazil in 2014, it will continue to compete in this year’s event, and will exclusively set up the Hong Kong official “2018 FIFA World Cup franchise retail for Russia” in its seven major shopping centers. “Fine Stores,” and features the unique 2018 FIFA World Cup in Russia.