Property News · April 25, 2017

MTR to enlarge its retail portfolio by 40 pc over the next five years to bolster rental income


MTR Corp plans to enlarge its retail portfolio by 40 per cent over the next five years to help broaden its earnings base and soften the shock from a potential slowdown in the real estate sector, according to a company official.
The railway operator, which also has a successful property business, plans to increase its retail leasing portfolio to 3.6 million square feet by 2020.
This includes increased floor space that will come online following the completion of shopping malls in Tai Wai Station…

Source : South China Morning Post
Read more…MTR to enlarge its retail portfolio by 40 pc over the next five years to bolster rental income