HK companies confident in commercial investment

CNC
Added On November 12, 2017

It is known that the booming e-commerce in recent years has had a huge impact on traditional commercial property projects in China. 
 
However, HK investors are introducing new retail formats and concepts to deal with the challenges from online retailers. 
 
HK investors are integrating historical sites with fashion street scenes, and introducing performance, exhibitions and lifestyles to modern malls. 
 
They see these as new opportunities for commercial property investments. 
 
HKRI Taikoo Hui, located at the core area of Shanghai’s famous Nanjing Road trading area,celebrated its official launch day recently. 
 
In the spotlight is a historical building weigh about 3300 tons. 
 
In order to protect this century-old European-style mansion, the staffs  spent 8 months on planning the construction and finaly finished the movement. 
 
The building had been moved as a whole by 57 meters. 
 
SOUNDBITE(CHINESE): VICTOR CHA, Deputy Chairman and Managing Director of HKRI
"The structure of the house is not very good. It has a long history, so there are many problems with the structure. We were facing a lot of risk to move the building. We have to pack it up and make it very solid so that we can move it." 
 
Meanwhile,in the eyes of some investors, the rapid changes of China’s consumption upgrade also bring new opportunities to commercial property project. 
 
It has become a trend that consumers can enjoy an artistic exhibitions,a concert performance and various activities while shopping. 
 
The format and concepts of malls are changing these years.
 
The investors feel optimistic about the commercial market and hope to do more investments and attempts in the future. 
 
SOUNDBITE(ENGLISH): GUY BRADLEY, Chief Executive, Swire Properties 
" A lot of online retailers are wanting to get offline space; We're working with each other in that regard, and so we think that it’s a fantastic opportunity."