Page 59 - Hang Lung Properties 2012 Annual Report

Planning for the year ahead, we are expecting the new government
will focus on maintaining stability and momentum in the markets. As
such, Shanghai remains a very attractive base for international luxury
brands seeking to expand into the Mainland market – which dovetails
perfectly with Grand Gateway 66’s unique market position. With
additional new tenants scheduled to move into the mall in 2013, we
are constantly refining and strengthening our tenant mix to maintain
Grand Gateway 66’s position as a destination for high-end shopping
experience in Shanghai and to bring healthy growth in both the top
line and the bottom line.
PALACE 66, SHENYANG
We are optimizing our tenant mix to maximize long-term rental returns
at Palace 66. As the process is underway, occupancy rate temporarily
dipped slightly to 88%. However, the reorganization is already showing
dividends, with rental margin and profit up by 15% and 114%,
respectively, during the year.
港匯恒隆廣場租出率穩企於百分之九十九的高水平
Grand Gateway 66 has achieved a consistently high occupancy rate of 99%
展望來年，我們預期中國新一屆政府上任
後將以維護市場穩定增長為重點，上海仍
是國際奢侈品牌進駐內地市場的基地，這
正好與擁有獨特市場定位的港匯恒隆廣場
互相配合。隨著更多新租戶於二零一三年
落戶港匯恒隆廣場，我們將繼續優化及加
強租戶組合，保持港匯恒隆廣場在上海高
尚購物體驗之選的地位，為租金收入和純
利帶來穩健增長。
皇城恒隆廣場 • 瀋陽
瀋陽的皇城恒隆廣場致力優化租戶組合以
達至最大的長期租賃回報。在過渡期中，
其租出率暫時略降至百分之八十八。然
而，重整方案已顯露成果，年內的租金邊
際利潤及溢利分別增長百分之十五及百分
之一百一十四。
上海的港匯恒隆廣場
Grand Gateway 66 in Shanghai
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