Wharf Holdings Archives - Inside Retail Asia

Hong Kong retail rents to rise again this year

Colliers predicts high-street Kowloon retail rents will rise 5 per cent in Mong Kok this year and 3 per cent in Tsim Sha Tsui.

Hong Kong shines for Sandro Asia

Fashion chain Sandro Asia recorded first-half growth of 51 per cent in Asia Pacific this year.

Fitch sounds warning on Hong Kong retail

First Hong Kong lost its mantle as the world leader in retail rents. Now the global ratings agency Fitch has issued a chilling warning. Fitch said in a statement Thursday that street-level shops in Hong Kong’s prime areas are vulnerable to the persistent weakness in luxury retail sales and their rents will likely decline at double-digit rates in 2015. In contrast, shopping malls with well-established tenant mixes could outperform the market with flat to slightly positive rental growth in 2…

Wharf to open Chengdu mall

Hong Kong company Wharf Holdings is set to open a mall in Chengdu, China. Opening in January, the Chengdu mall will span 210,000 sqm and house around 300 stores. The shopping mall is part of 760,000 sqm Chengdu International Finance Square, which also comprises office building, five-star hotel and luxury residential units. Chengdu International Finance Square is Wharf’s first big project in mainland. It also plans to develop more projects in Chongqing, Wuxi, Changsha and Suzhou. Whar…

Wharf Holdings sees modest profit growth

Hong Kong property company Wharf Holdings says core profit grew modestly in the first half. The company, which owns shopping centres including Harbour City, Plaza Hollywood, Ocean Terminal and Times Square in Hong Kong, has seen its first half core profit grow by five per cent to $5.7 billion. It says its Hong Kong and China properties accounted for 56 per cent of its core profit. Wharf Holdings is confident that rental growth at shopping centres will remain strong. “We do not see sl…

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