Property News · September 21, 2019

Swire becomes first Hong Kong developer to offer relief, lowers rents temporarily at Pacific Place in protest-hit Admiralty


Swire Properties said on Friday it would offer “temporary rental adjustments” to tenants at Pacific Place, its flagship shopping centre in the protest-hit district of Admiralty, becoming the city’s first developer to cut rents.Some shops at Pacific Place, home to international luxury brands such as Louis Vuitton, Chanel and Cartier, had to shut down early during weekends after protesters gathered in the area to demonstrate against the now-withdrawn extradition bill.“We can confirm that Pacific…

Source : South China Morning Post
Read more…Swire becomes first Hong Kong developer to offer relief, lowers rents temporarily at Pacific Place in protest-hit Admiralty

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