莊士企業大廈全層意向租金7.3萬
有代理表示,灣仔駱克道382號莊士企業大廈6樓全層,面積約2520方呎,意向呎租約29元,涉及月租約7.3萬元。
該行指出,該廈每層均已安裝全新冷氣及鮮風抽氣系統,以及提供來去水接駁點,同時設有男女及傷健洗手間,適合作為辦公室、室內設計陳列室、零售、醫療、美容、健身中心及工作室等,租戶可按照業務所需規劃和設計其辦公空間。此外,大廈亦設24小時保安監控,用戶可隨時進出大廈,工作時間更具彈性。
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Harvey Nichols to vacate Landmark mall in Hong Kong’s Central after nearly 2 decades amid weak spending by locals, Chinese tourists
The luxury retailer will close its doors in March, after giving up its lease for 60,000 sq ft of space in the upscale mall, according to owner Dickson Concepts
Based on the average rent in the mall, Dickson Concepts could be paying as much as US$1.57 million per month for the space spread over five floors
Harvey Nichols, the London-headquartered multibrand luxury retailer, is leaving Landmark, the upscale mall in Hong Kong’s Central after 18 years.
The retailer is set to officially close its doors by the end of the financial year in March, after deciding to give up the lease for 60,000 sq ft of space, according to Hong Kong-based owner Dickson Concepts (International)’s latest financial report.
Harvey Nichols will continue to focus on its operations in Pacific Place, another upscale shopping centre in Admiralty, said Dickson Poon, group executive chairman. The Landmark branch opened in 2005 followed by Pacific Place in 2011.
“Consumer sentiment in Hong Kong remains weak” while mainland Chinese tourists in the city are “no longer focused on shopping as they used to be before the pandemic”, he said.
The impending closure of Harvey Nichols marks another turn for the worse in Hong Kong’s retail segment, which has seen profound changes following difficulties from mid-2019 to 2022, when the city was rocked by an unprecedented wave of social unrest followed by the coronavirus pandemic.
Landmark was “effectively fully let”, according to mall owner Hongkong Land’s latest financial report released in July. The average rent in the shopping centre was HK$204 per square foot in the first half, according to the same report.
Based on the average rent, Dickson Concepts could be paying as much as HK$12.24 million (US$1.57 million) per month for the space, about 20 times the size of a tennis court.
Retail rents in Central range between HK$170 and HK$200 per square foot, according to listings on an international property agency’s website.
“Our Central portfolio is one of the most highly sought after retail locations in Hong Kong as evidenced by very limited vacancy over many years and a recovery of tenant sales to pre-pandemic levels,” a Hongkong Land spokesman said.
“We routinely evaluate options to invest in and evolve our Central portfolio ecosystem with the aim of delivering the highest quality experience to tenants, customers and the wider community,” he said.
“As part of this, retail and food and beverage outlets within the Central portfolio regularly open and close. This natural process allows us to drive continuous improvements and address the changing needs of shoppers and diners.”
Plans for the space will be announced in “due course”, he said.
Given the huge space being vacated, which is spread over five floors, and the rent it would entail in Hong Kong’s main business district, it might take some time for the landlord to find a single tenant to replace Harvey Nichols, according to the agency.
“This is an appealing location that is likely to attract tenant interest,” an agent said. “However, it would be beneficial for the landlord to consider flexible leasing terms for prospective tenants and divide the space into multiple shops.”
It is a good opportunity for the landlord to revitalise the mall through renovations, infusing it with new energy, the agent said.
New tenants such as those providing “retailtainment” as well as new restaurant concepts could be tapped to occupy the space, the agent said.
In March, Sogo shut the doors of its department store in Tsim Sha Tsui after 18 years, citing the “limited contributions” of mainland tourists to Hong Kong’s retail sales.
(South China Morning Post)
For more information of Office for Lease at Pacific Place please visit: Office for Lease at Pacific Place
For more information of Grade A Office for Lease in Admiralty please visit: Grade A Office for Lease in Admiralty