Harbour City books HK$5.94b retail revenue
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Revenue at Tsim Sha Tsui’s popular luxury shopping mall, Harbour City, (excluding hotels) increased by 6 percent to HK$8.56 billion, Wharf Holdings (0004) reported today.
Operating profit grew by 6 percent to HK$7.48 billion. Retail revenue increased by 5 percent to HK$5.94 billion.
The occupancy rate was nearly 100 percent, the company reported today.
New openings or commitments including Miu Miu (Canton Road), Philipp Plein, J. Crew, Pandora, Sulwhasoo and Rado further improved the tenant mix, the company said. The introduction of various Hong Kong and Kowloon debuts across distinct categories including Maison Margiela, Issey Miyake, Christian Louboutin Men and Tea WG Boutique continued to raise the retail and culinary experience, Wharf said.
Questions & Answers
Q.What was the total revenue for Harbour City, excluding its hotel operations?
What was the total revenue for Harbour City, excluding its hotel operations?
Harbour City's revenue, excluding hotels, was HK$8.56 billion. This figure represents a 6 percent increase from the previous period, according to Wharf Holdings' report today.
Q.Which new brands or commitments have recently joined Harbour City?
Which new brands or commitments have recently joined Harbour City?
Recent new openings or commitments at Harbour City include Miu Miu (Canton Road), Philipp Plein, J. Crew, Pandora, Sulwhasoo, and Rado. These additions aimed to improve the overall tenant mix.
Q.What was the reported occupancy rate for Harbour City?
What was the reported occupancy rate for Harbour City?
The occupancy rate for Harbour City was reported as nearly 100 percent. This indicates a very high level of space utilisation within the luxury shopping mall.
Q.How much did Harbour City's retail revenue increase by?
How much did Harbour City's retail revenue increase by?
Harbour City's retail revenue increased by 5 percent. This brought the total retail revenue figure to HK$5.94 billion, as reported by Wharf Holdings today.
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