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10 Apr Commercial property: Beijing retail rents jump by most since 2019 with premium office space remaining under pressure

Posted at 05:16h in Asia

Beijing’s commercial real estate market recovered partially in the first quarter of 2024 and is gearing up for further stabilisation this year as a strong rebound in consumption and policy support combine to drive demand for leasing and investment, analysts said.In the retail market, rents...

09 Apr Swire Properties to close The Opposite House in Beijing, group’s first hotel, as it eyes redevelopment to retail property

Posted at 02:38h in Asia

Swire Properties is shutting down the group’s first ever hotel, The Opposite House in Beijing, after 16 years to make way for an “innovative retail landmark”, according to a spokesman.Located in the upmarket Taikoo Li Sanlitun (TLS) area in the Chinese capital, the 99-room hotel,...

07 Mar Hong Kong mall owner Wharf Reic looks to stimulate spending with promotions after posting flat profit

Posted at 09:33h in Asia

Wharf Reic, the owner of Harbour City and Times Square malls, said it would undertake promotional activities to get residents and tourists to loosen their purse strings after recording a slightly lower profit last year.Net profit slipped 3 per cent to just over HK$6 billion...

07 Jan China’s retail property markets to benefit from consumption recovery as Beijing tops fourth quarter performance

Posted at 23:30h in Asia

Retail property markets in China’s first-tier cities showed signs of improvement in the last quarter of 2023, and experts are projecting sustained momentum in 2024, underpinned by a gradual increase in retail sales as sentiment begins to turn.Beijing’s retail property market outperformed as commercial real...

02 Jan Budget retailer Miniso eyes maximum impact from flagship brand store in Hong Kong after record results in 2023

Posted at 01:30h in Asia

Chinese budget retailer Miniso Group, which listed in Hong Kong in July, is to open its biggest “brand representative store” in Tsim Sha Tsui in mid-January to gain more exposure for the brand as consumption patterns change.Hong Kong has always been an international shopping...

retail property Tag

10 Apr Commercial property: Beijing retail rents jump by most since 2019 with premium office space remaining under pressure

09 Apr Swire Properties to close The Opposite House in Beijing, group’s first hotel, as it eyes redevelopment to retail property

07 Mar Hong Kong mall owner Wharf Reic looks to stimulate spending with promotions after posting flat profit

07 Jan China’s retail property markets to benefit from consumption recovery as Beijing tops fourth quarter performance

02 Jan Budget retailer Miniso eyes maximum impact from flagship brand store in Hong Kong after record results in 2023

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