Chinachem Group is charging close to zero base rents as part of relief measures offered to some of its tenants in its Tsim Sha Tsui shopping centres since March.Donald Choi, the Hong Kong retail landlord’s chief executive, said in an interview on the sidelines of the China Conference, which the South China Morning Post is hosting, on Thursday that tenants selling duty-free products targeted mainly at mainland Chinese tourists have been offered the favourable terms to power through the city’s…
Source : South China Morning Post
Read more…Hong Kong retail landlord Chinachem cuts base rent close to zero for some tenants in Tsim Sha Tsui, wants to ‘walk them through this tough period’















