Page 23 - Hang Lung Group 2012 Annual Report

Still eight months ahead of the opening of the shopping
center at Wuxi Center 66, take up has been strong and at
satisfactory unit rents. By September, I expect that like all
our previous developments, the entire facility will be fully let.
Our first office tower to be completed outside Shanghai, the
first of two towers at Wuxi Center 66, is almost ready. We
have started leasing in earnest and tenants are expected to
move in from the first quarter of next year.
At Shenyang Forum 66, we once toyed with the idea to first
occupy the low zone of the first office tower with the higher
floors to be occupied a year or so later. Apparently such
partial opening of a skyscraper has never been done on the
Mainland and certainly not in Shenyang. It proved to be too
novel an idea and so we have decided to inaugurate the
entire building in early 2015. The extra rents received from
phased occupancy are not worth the risks.
Given the views expressed earlier, I expect that growth in our
Mainland rents should pick up further. I will not be surprised
if new unit rents in all our complexes improve. Together
with newly completed shopping centers, namely, the first
full year of operations at Forum 66 and the addition of
Wuxi Center 66, total rental income should be considerably
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Ϟɞࡈ ˜ʑක࿇dཫॡઋرଣซdఊ
Зॡږ ˿ɛတจf͉ɛཫಂdɓνණ
ྠཀ̘ הϞධͦd༈ਠఙ׵ɘ˜΅ක
ุࣛਗ਼Ό௅ॡ̈f
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ʊટڐ ҁʈdໝϓܝਗ਼͉݊ණྠίɪ
ऎ˸̮ٙ࠯ࢭ፬ʮᅽfҢ ࡁତʊጐ฽
ක࢝ॡ༣ʈЪdॡ˒̙ࣘ׵ɚཧɓ̬
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Ӻ΋ᜫՉ࠯ࢭ፬ʮᅽٙЭᄴॡ˒ቋ
ɝd ߒ ɓϋ ܝ ʑ ৷༰މ ᅽᄴЪ̈τ
રfவ ࡈ ਗ਼ᅙ˂ɽᅽʱಂ઼ٙ͜ਂ
جdίᓨජ אޟlzήѩ הۃ͊Ϟf͟
׵ܝԸ೯ᙂจׂ˄ཀอ጑dҢ ௰ࡁ୞
Ӕ֛዆ࢭ፬ʮᅽ׵ɚཧɓʞϋϋڋක
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ਿ׵ɪ˖ ࠑהᝈᓃd͉ɛཫಂlzήॡ
ږᄣڗ ึһɪɓᄴᅽfࡊ͉ණྠהϞ
ධͦٙอఊЗॡږѩ፽੻჈ᄣd͉ɛ
͵ʔึชՑจ̮fஹΝอໝϓٙᒅي
ਠఙdܼ̍ᐄ༶တɓϋִ̹ٙ㛬ඤ
ᄿఙʿуਗ਼ක࿇ٙೌ፼ٙ㛬ඤᄿఙί
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