Property News · October 26, 2016

What retail slowdown? India’s ‘Diamond King’ Nirav Modi to launch flagship shop on Canton Road


Indian luxury jewellery brand Nirav Modi is set to unveil a 3,000 square foot flagship store in 1881 Heritage, a premier shopping arcade at the heart of Tsim Sha Tsui owned by Cheung Kong Property, following a discount on rent of more than 20 per cent from the peak of the market.
Nirav Modi, billionaire founder of the Indian diamond house, also known as India’s “Diamond King”, told the South China Morning Post on Tuesday that falling prime retail rents in Hong Kong had offered…

Source : South China Morning Post
Read more…What retail slowdown? India’s ‘Diamond King’ Nirav Modi to launch flagship shop on Canton Road