Sun Hung Kai Properties promises rent rebates on days its malls closed
One of Hong Kong’s largest retail property landlords – Sun Hung Kai Properties – has told tenants it will waive rents and expenses on days its centres were closed due to protest activity.
According to the South China Morning Post, at least eight of Sun Hung Kai Properties’ shopping centres have had to remain shut for more than a day during the protests, which have been running since June.
The World Trade Centre in Causeway Bay (pictured) has closed for five days and six other centres were closed for varying periods earlier this month, including APM at Kwun Tong.
“Although this was meant to protect the safety of customers, businesses and staff, SHKP decided to waive the rents and other related expenses of these affected tenants,” the company said, in comments translated by the SCMP.
“We hope this can ease the pressure … and to stand shoulder to shoulder with the businesses to ride out the current difficult times.”
According to Sun Hung Kai Properties’ website, the company owns more than 12 million sqft of retail space in the city.