Retail News CRM

Tag: Property

  • Luxury retail plan for Hong Kong-Zhuhai-Macau link

    Luxury retail plan for Hong Kong-Zhuhai-Macau link

    Authorities are proposing a shopping centre with “flagship stores for luxury brands” on a new island, centrepiece of the new multibillion dollar Hong Kong-Zhuhai-Macau Bridge.

    A public consultation document released this week outlines plans for a 150 hectare island currently under construction near the city’s airport, which will serve as the gateway for Hong Kong and the western Pearl River Delta. It is here that travellers between Hong Kong, the Mainland city of Zhuhai and bordering Macau will be processed.

    The Hong Kong government envisions an area for warehouses, showrooms, restaurants, flagship stores for luxury brands and other stores selling antiques, artworks and high quality wines.

    The government is conducting a study to ascertain the feasibility of carrying out the proposed commercial development and other economic activities at the topside and underground space of the HKBCF Island, and to optimise their scope and scale.

    The Stage 1 Community Engagement will last for two months. Activities will include a public forum, briefings and a roving exhibition. Details of the activities and engagement documents are available at the website.

    The development, with a total planned gross floor area of 500,000 sqm, will include facilities for retail, food and beverages, entertainment, conferences, offices and business hospitality. It will have a 10 storey height limit due to its close proximity to Hong Kong International Airport.

    A spokesman with the Airport Authority Hong Kong said the proposed development will create create synergy with the planned Airport North business area.

    Members of the public have until September 7 to submit their comments through the following channels:

    • Planning Department, Cross-Boundary Infrastructure and Development

    Section, 16/F, North Point Government Offices, 333 Java Rd, North Point, Hong Kong.

    • Civil Engineering and Development Department, Hong Kong Island and Islands Development Office, 13/F, North Point Government Offices, 333 Java Rd, North Point, Hong Kong.
    • Or by email: [email protected]
  • Aeon Vietnam pronounces fourth mall

    Aeon Vietnam pronounces fourth mall

    Japanese retailer and mall operator Aeon has introduced plans for a fourth mall in Vietnam.

    After the success of its first centre, Celadon Metropolis in suburban Ho Chi Minh Metropolis opened in January 2014, Aeon opened one other within the industrial hub of Binh Duong final November. A 3rd mall is underneath development in Lengthy Bien, within the capital metropolis, Hanoi.

    Now Aeon Vietnam says it is going to construct a fourth purchasing centre in Binh Tan, roughly 10km southwest of central Ho Chi Minh (about 40 minutes by automotive) inside the Worldwide Hello-Tech Healthcare Park being developed by Hoa Lam-Shangri-La. It’s scheduled to open in summer time.

    Aeon says the park gives medical, residential, instructional and business amenities and is predicted to proceed rising. The district’s transportation setting can also be well-developed, with quick access to an outer ring street and an East-West Freeway which may permit it to attract clients from a large space.

    The mall may have about 59,000 sqm of gross leasable flooring area and parking for about 1500 automobiles and 4000 bikes. It is going to be anchored by an Aeon hypermarket, with 160 specialty retailer tenancies.

    Underneath the Aeon Group Medium-term Administration Plan (FY2014-2016), the corporate is pursuing a shift to Asian markets as a standard group technique. Aeon opened its first malls in Cambodia in 2014 and Indonesia in 2015.

    Within the meantime, Aeon established a consultant in Vietnam in February 2015 to speed up enterprise improvement by unifying the group initiatives.

    Lees ook:

  • Vincom Retail wins US$100m PE funding

    Vincom Retail wins US$100m PE funding

    Vietnam’s largest mall operator, Vincom Retail, has secured US$100 million in funding from a consortium led by private equity company Warburg Pincus.

    It takes the US PE company’s combined investment in the Vietnamese property developer to $300 million.

    Vincom Retail, the largest shopping mall operator in Vietnam, currently has 20 malls in operation or under development. Together with a robust pipeline in prime locations nationwide, the company has the only true national mall network.

    The existing prime assets of Vincom Retail include Vincom Dong Khoi and Vincom Thu Duc in Ho Chi Minh City, Vincom Ha Long, Vincom Ngo Quyen (Da Nang), plus Vincom Ba Trieu, Vincom Long Bien, Vincom Mega Mall Royal City and Vincom Mega Mall Times City in Hanoi.

    Vingroup CEO Duong Thi Mai Hoa said Vincom Retail has more than tripled the size of its portfolio since it first partnered with Warburg Pincus in 2013.

    “The follow-on investment by the Warburg Pincus Consortium is a vote of confidence from our investors in our strong performance to date and our long-term vision for both Vincom Retail and Vietnam. Warburg Pincus has been a great partner to date, and we believe this investment will help us to further accelerate the buildout of our malls as well as our broader retail platform, which includes VinMart, VinDS, VinFashion and VinPro, on a national basis.”

    Vingroup Joint Stock Company is Vietnam’s largest publicly-traded real estate operator and one of the largest companies by market capitalisation.

    Vincom Retail’s properties have attracted leading global and local brands, as well as world class F&B and entertainment operators. The Vincom Retail malls are home to more than 700 domestic and international brands, with major tenants such as Robins Department Store, Marks & Spencer, CJ CGV, Mango, DKNY, French Connection, BCBG Maxazria, Karen Millen, GAP, Lacoste, Nike, Adidas, Emigo, VinMart, VinPro and Vinpearl Land.

    Jeffrey Perlman, MD of Warburg Pincus, said his company was impressed by the growth and performance of Vincom Retail since its initial investment.

    “We believe strongly in the long-term economic prospects for Vietnam on the back of continued urbanisation and emerging middle class consumption. With its best-in-class management team, leading integrated retail platform and unrivaled local expertise, Vincom Retail is poised for strong growth over the next five years. We look forward to continuing to work closely with the Vingroup and Vincom Retail management teams to build the preeminent retail franchise in Vietnam.”

    Vingroup and its subsidiaries boast a market capitalisation of US$3.2 billion as of June 2015.

    It develops and manages real estate, hospitality and entertainment properties in Vietnam across six business divisions – Property: Vinhomes luxury apartments & villas, Vincom and Vincom Mega Mall shopping centers, and Vincom Office space for lease; Hospitality and entertainment: 5-star Vinpearl Resort, upscale Vinpearl Luxury resorts, Vinpearl Land amusement parks and family entertainment centers, Vinpearl Premium resorts and villas, and Vinpearl Golf Club; Retail: VinMart supermarkets, VinMart+ convenience stores, VinFashion, VinDS chain of specialty retail stores, VinPro electronics and appliance stores, and Adayroi comprehensive E-commerce platform.

    Vingroup also operates in Healthcare: Vinmec quality healthcare services; Education: Vinschool quality education, and Agriculture: VinEco – Trusted quality source of food and the Group’s newest sector.

    Lees ook:

  • Chinese language shopper sentiment rebounds in Might

    Chinese language shopper sentiment rebounds in Might

    Chinese language shopper sentiment rebounded in Might with favorable inventory market performances boosted shopper sentiment.

    The Bankcard Consumption Confidence Index edged up zero.32 factors from a month in the past to 83.99, China UnionPay stated in a report at present.

    Expenditure at eating places and eateries have been up four.9 % from a month in the past whereas spending measurement at malls and purchasing facilities rose 13.75 %.

    Shoppers’ sentiment was in a secure situation with each the inventory market and property sector rebounding in current months and is predicted to select up additional with Buying Managers Index and different macroeconomic knowledge suggesting enchancment.

    The warming up of the property market in current months additionally pushed up house home equipment gross sales, which rose four.09 % in Might from a month in the past.

    Spending at main home vacationer locations and scenic spots surged 43.four % whereas spending worth at fuel stations additionally rose 9.6 % as commuting and touring picked up prior to now month.

    Current worth cuts by international trend homes resembling Burberry and Gucci of their home retailers pushed up luxurious luggage and leather-based gross sales by 32.9 %.

  • Inditex acquires New York property for new Zara store

    Inditex acquires New York property for new Zara store

    A new Zara store will rise in Inditex’s newly acquired 4,400-square metre commercial property in the heart of New York’s SoHo Cast Iron Historic District, one of the world’s best known shopping districts.

    The new store, to be located in a building at 503-511 Broadway, between Broome and Spring Streets, complements recent flagship store openings by Inditex in the US market.

    The company said it has invested USD280 million to acquire the property, but its store opening strategy remains focused on leased properties, while the commercial thrust is still to further enhance the integrated store & online sales model.

    “This opening marks a very significant milestone in the Group’s US growth strategy,” said Inditex’s Chairman & CEO, Pablo Isla. “The growth model for the US market consists of a combination of flagship store openings and online sales growth underpinned by strong support from American shoppers.”

    By the end of 2015, including the stores on Broadway on the Upper West side, at 666 Fifth Avenue and 750 Lexington Avenue, Zara will have eight stores in Manhattan as well as another seven in the greater metropolitan area.

    As for the overall US market, Inditex plans to open over a dozen new Zara stores in 2015 in major cities such as New Jersey, Las Vegas, Los Angeles, San Diego, Boston, Sacramento, Houston, Dallas, Chicago, Seattle and Puerto Rico.