New Metropolis Extension Township
SHKP (00016) Kwai Fong Plaza Metropolis will spend $400 million for a complete refurbishment. The open space will be the first all-weather urban farm to be opened in shopping malls in Hong Kong and will officially open on May 1st. It is expected to be the flow and turnover of the mall. Bring double digit growth.
Li Dexing, Senior Lease Manager of the New Territories Leasing Department, said that Metroplaza has 40,000 square feet of open space. The Group spent 20 million yuan to build the 5th floor of the square into an urban farmhouse covering an area of 13,000 square feet, managed by the social enterprise and Operation.
Rejection of 20 million renovations will open next week
Chen Jieyi, assistant general manager of the New Territories Leasing Department (Promotion), revealed that the mall invested RMB 5 million as an opening promotion fee for urban farms. It is expected that after the opening of the farm, young people and office workers who are concerned about green life can be attracted. The flow and turnover can be doubled. The number grows.
Li Dexing pointed out that the Metropolitan Plaza completed its refurbishment project in November last year. In the first quarter of this year, the daily flow of people was about 160,000 to 170,000 person-times, and holiday flow exceeded 190,000 person-times, which was about 30% higher than before the renovation. In the past, the flow of people over the Easter holiday increased by double digits compared with the same period of last year. The turnover increased by 20% compared with that before the renovation, and the per capita consumption was 3,000 yuan. The shopping malls currently rent 80 to 350 yuan, and the occupancy rate is 99%. The total rental income for the whole year is 500 million yuan, which is nearly 30% higher than that before the renovation.