Lease for Laforet large street shop renewed at 50% discount
November 22, 2016 - Causeway Bay
The chain jewellery shop, Chow Tai Fook, is currently renting a 7,009-sq-ft street shop in Laforet, Causeway Bay, with tenancy ending at the end of this month.
Chow Tai Fook has recently agreed to renew its lease at a monthly rent of HKD 2.8 million, or HKD 400 per sq ft, nearly 50% less than its current rent of HKD 5.5 million per month.
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