Shiqi Metro Mall golden egg for Dasin
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Acquired on June 19 last year, Shiqi Metro Mall has proved a profit booster for Dasin Retail Trust, according to its financial results for the three months to the end of March.
Dasin is the only China retail property trust providing direct exposure to the growth of the Guangdong/Hong Kong/Macau Bay Area, and has an initial focus on retail malls. Its four present malls each had 100 per cent occupancy at the end of March.
Largely because of the contribution of the Shiqi mall in Zhongshan, net property income year on year increased by 85 per cent. This was 3 per cent higher than forecast.
Opened 10 years ago, the regional mall’s anchor tenants include Gome Electronics, Jane Eyre Furniture Mall, Jinyi Cinemas, KFC, RT Mart, Starbucks, Superior City Department Store, Watsons and Xin Xuan Hotel Restaurant.
Other Dasin malls include Xiaolan Metro Mall, with tenants including Bank of China, Chow Tai Fook, KFC, McDonald’s, Pizza Hut and Sunning.
Questions & Answers
Q.Which of Dasin's properties contributed most significantly to the recent profit boost?
Which of Dasin's properties contributed most significantly to the recent profit boost?
The Shiqi Metro Mall, located in Zhongshan, was largely responsible for the substantial increase in net property income reported by Dasin Retail Trust.
Q.What kind of tenants does Shiqi Metro Mall host?
What kind of tenants does Shiqi Metro Mall host?
Its anchor tenants include Gome Electronics, Jane Eyre Furniture Mall, Jinyi Cinemas, KFC, RT Mart, Starbucks, Superior City Department Store, Watsons and Xin Xuan Hotel Restaurant.
Q.What was the occupancy rate across Dasin's malls at the end of March?
What was the occupancy rate across Dasin's malls at the end of March?
All four of Dasin's current malls, including Shiqi Metro Mall and Xiaolan Metro Mall, achieved 100 per cent occupancy at the end of March.
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