SHKP Quarterly

The Group boosts its retail portfolio and adds vitality to neighbourhoods The Group plans new developments to fit with projects already in the area, enhancing the overall potential and adding vitality to neighbourhoods. YOHO MALL in Yuen Long and the PopWalk series in Tseung Kwan O offer shopping and leisure convenience to the residents living above them and create synergy with other local Group developments to spur neighbourhood growth. The YOHO MALL I Extension and PopWalk 2 and PopWalk 3 will open soon with different positioning and features appealing to consumers and reinforcing the Group’s retail portfolio. YOHO MALL I Extension in Yuen Long opening this summer YOHO MALL in Yuen Long has seen satisfactory performance with traffic and sales at YOHO MALL I and YOHO MALL II rising since they opened in 2015. The opening of the YOHO MALL I Extension this summer will make it the largest retail hub in the New Territories north and west. Flagship mall in north and west New Territories YOHO MALL is the aggregated retail space in the Group’s YOHO developments linked by footbridges. Sun Hung Kai Real Estate Agency Limited General Manager (Leasing) Henry Lam said: “YOHO MALL now includes Sun Yuen Long Centre and the retail podiums of YOHO Midtown and Grand YOHO, but the brand cluster will expand in future when the retail podium of West Rail Yuen Long Station development is done and nearby Transport Plaza gets an enhancement of facilities and tenant mix. That will take the gross YOHO MALL floor area to about 1.1 million square feet spanning five retail podiums linked by footbridges to draw consumers from the north and west New Territories, similar to New Town Plaza in Sha Tin. The two megamalls will form a ‘consumer gateway’ from the New Territories east to west.” The YOHO MALL I Extension opening this summer will have more than 100 retail stores occupying over some 500,000 square feet, bringing the total number to over 300 stores offering fashions, beauty, food and beverages, kids goods, entertainment and lifestyle superstores. The overall traffic is expected to see double- digit growth and sales per square foot should rise 15 to 20%. Restaurants will take up nearly 25% of the total floor area and fashion brands almost 35%; making them the largest tenant groups. There will be 55 international eateries and specialty restaurants featuring Chinese, western, Japanese, Korean and southeast Asian cuisines, popular desserts, baked goods, family- style dining and more. The strong food and beverages collection will serve the rising population in the New Territories north and west and growing demand for premium dining. YOHO MALL I YOHO MALL I Extension opening this summer YOHO MALL 形點 I 擴展部分將於今年暑假開業 Feature Story Vol 84 • Q2 2017 • SHKP Quarterly 4