Financial News
Written by: Lin Leqian
2020-05-21 18:25
Last update date: 2020-05-21 18:25The retail market is in a slump, but only a few merchants have expanded against the market. Fengtai announced that it signed a contract with Don Quixote (DON DON DONKI) in February this year to enter its Monterey Place shopping mall on the south coast of Australia.
In March last year, Fengtai partnered with local and foreign funds to buy Treasury (0020) 's South Australia shopping mall portfolio from Tseung Kwan O. It consists of 3 shopping malls, of which Monterey Place accounts for 166,000 square feet. Esther Lui, vice president of asset management for Asia Pacific in Fengtai Real Estate Investment, said that the overall occupancy rate of the South Coast of Australia has been close to 63% since the property was received for one year. Merchants have opened at the end of last year. , General living groceries and international schools.
It is understood that Jing'an Hall will be located on the first floor of Monterey Place shopping mall, with an area of about 25,000 square feet and a monthly rent of 500,000 yuan, that is, only 20 yuan per square foot. It is expected to open in the fourth quarter of this year.
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