Tiffany broke through the Peking Road and posted more than 8 million monthly rents.
The large-scale infrastructure projects such as the Hong Kong Section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link (hereinafter referred to as the High-speed Rail) and the Hong Kong-Zhuhai-Macao Bridge have been launched, bringing a new round of positive stimulus to Hong Kong’s retail and tourism industry. International brands are also waiting to expand their business opportunities. Tiffany & Co., a US jewelry store that leased the G8 at G/F, G/F, 1 Peking Road, Tsim Sha Tsui, was pre-leased. It just re-added the adjacent G7 complex, which will be merged into a huge building area of nearly 8500 square meters. Shop, monthly rent is more than 8 million yuan.
It is understood that Tiffany & Co. recently leased the G7 and No. 107 complexes on the 1st floor of Beijing Road No. 1 to the Rising Sun Group, with a total construction area of approximately 4911 square meters. The shop was originally rented by the Italian men’s clothing brand Ermenegildo Zegna. The brand itself rented underground G6, G7 and 1st floor 106, 107 and 2nd floor 206 shop. The owner now rents the G7 complex bunker to Tiffany & Co. The bunk area of Ermenegildo Zegna is reduced by 34.5% from the 14231 square to 9320 square meters.
In recent years, the largest retail core area 呎 rent 946
At the end of 2017, Tiffany & Co. did not hesitate to implement the lease one year earlier. It pre-leased the G8 on the ground floor of No. 1 Beijing Road and the No. 108 complex on the first floor. The total construction area is about 3,549 square meters. The shop was delivered at the end of last year. Together with the latest leased shop, the two connected penthouses will be combined to increase the building area to 8,460 square feet, becoming another international brand-name flagship store in Beijing Road and Canton Road.
According to the market, the above-mentioned shops have combined monthly rents of more than 8 million yuan, which has become the largest leasing transaction in the core retail area in recent years. Based on the rented area, the rent is 946 yuan. It is reported that the lease signed by Tiffany & Co. for six years will increase the rent every year.
Tsim Sha Tsui is a tourist area that has benefited from the opening of the high-speed railway. Since the beginning of this year, the district has recorded a monthly rent of over $1 million for leases, including Sa Sa (00178) pre-renting Salisbury Road for $2 million per month. No. 9 to 10A and the first floor of the No. Xingguanghang. The total construction area is about 4,000 square meters, and the rent is 500 yuan.
HANNAH, a designer handbag store, also pre-sales Shop No. 1 on the ground floor of Haiphong Building, 99-101 Nathan Road. The building area is about 2,096 square feet. The monthly rent is 1.1 million yuan and the rent is about 525 yuan.