HMV faces eviction from two Hong Kong stores as landlords sue for unpaid rents and charges
- Music retailer is being pursued for rents owed at its flagship store in Causeway Bay and its concept store in Central
- It follows an eviction notice for unpaid rents at the company’s Telford Plaza store in Kowloon Bay
Two Hong Kong HMV stores, including the flagship outlet in Causeway Bay, are facing eviction after failing to pay rents, service charges and rates to the tune of HK$4.86 million (US$621,000), according to court documents.
Two landlords, Ever Light and Pridemax, took HMV Marketing to the High Court last Friday after the music retailer was said to have persistently failed, refused or delayed to make payment for its flagship store in Causeway Bay and concept store in Central.
According to its website, HMV has seven outlets across Hong Kong Island and Kowloon.
Its flagship store in Causeway Bay occupies four storeys at Pearl City on Paterson Street, and combines the retail space with a cafe.
The premises were leased from Ever Light for four years from July 2015 to July 2019, at a monthly rent of HK$1.59 million for the first two years and HK$1.72 million for the remainder of the lease.
The company’s concept store at Manning House on Queen’s Road Central was leased from Pridemax for a term of six years from September 2016 to August 2022 for a monthly rent of HK$1 million over the first three years.
