COVID-19 has placed great strain on Hong Kong's status as a retail destination.
As more retail brands become unable to cope with dwindling consumer numbers and exit the local market, developers have estimated that landlords might need to reduce rents by 50 per cent to offset the risks for new tenants. In these challenging times, it can be difficult to predict the future of retail in Hong Kong.
On Monday, July 13th, join us for a business lunch with Nick Bradstreet, Managing Director of Savills, to discuss the situation in Hong Kong. He will provide insights on both the new brand mix among Hong Kong retail properties and changes to leasing negotiations.
**Please note that due to the latest social distancing measures from the Hong Kong Government the maximum capacity allowed for this event is 20 people. Once the maximum capacity is reached, we won't be able to accommodate additional participants. Thank you for your kind understanding.