Shanghai lockdown: Hong Kong developers Kerry and Hang Lung looking at ways to support shopping centre tenants in China’s financial capital
- ‘Currently looking at the best way to support each of our tenants’: Kerry Properties
- Swire Properties says it will provide support to retail tenants at HKRI Taikoo Hui and Taikoo Li Qiantan on a case-by-case basis
“We recognise this is a very challenging time in Shanghai for everyone,” the home builder said in an email to the Post. “We are currently looking at the best way to support each of our tenants, which potentially include a number of initiatives from rent relief to other forms of assistance depending on their individual needs.”
The Shanghai government has told state-owned firms to offer free rent for three months, and encouraged private companies to extend relief to tenants too.
At the moment, Kerry said it is focused on ensuring the health and safety of its staff, tenants and partners. The two malls cover about a million sq ft between them and house tenants that range from Burberry and Lowe to Adidas and Nike.
The Jing An Kerry Centre on Nanjing Road West normally attracts more than a million visitors per day. The other is Pudong Kerry Parkside, located across from Century Park and twinned with the Shanghai International Expo Centre.
