Tsuen Wan Plaza, a subsidiary of Sun Hung Kai Properties (0016), has recently upgraded its indoor outdoor space and business mix to increase the competitiveness of the shopping mall, including spending more than $20 million to upgrade the outdoor recreation space and recreational facilities on the L5 floor, and an outdoor park of more than 30,000 square feet. PLAY GARDEN will be open to the public for free admission from tomorrow (28th).
Zhou Shuwen, General Manager of the Leasing Department of Sun Hung Kai Property Agency Co., Ltd. said that at present, the main customers of Tsuen Wan Plaza are residents of the local area of Tsuen Wan, and the occupancy rate is nearly 100%. In addition to food and sports businesses, many parent-child education businesses have also been introduced to PLAY GARDEN. synergistic effect.
The bottom of the rent for merchants has passed
Zhou Shuwen pointed out that with the completion of PLAY GARDEN and the distribution of a new round of consumer coupons, Tsuen Wan Plaza will invest 4 million yuan in publicity and promotion in October. % and 15%.
She also believes that the bottom of the rent of the merchants has passed, and the rent will be adjusted according to the leases that expire at different times.
Lai Wai Shan, Assistant General Manager of the Leasing Department of Sun Hung Kai Properties Limited, said that this year, Tsuen Wan Plaza has fully upgraded its retail and catering business mix. In the first three quarters of this year alone, the mall has introduced nearly 50 new businesses, involving nearly 70,000 square feet of floor space.
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