Festival Walk is one of the strongest suburban shopping centres in Hong Kong, attracting large numbers of local shoppers, tourists and students. Swire was seeking to divest a share of the property, and commissioned Cistri to prepare a market assessment and centre appraisal for the purpose of informing prospective investors.
Cistri assessed the centre’s trade area, providing commentary on market growth and competitive developments. Cistri also provided an analysis of the centre’s turnover and rent performance, benchmarking the centre against other similar centres (including global benchmarks).
The document served to provide potential investors with a solid basis for understanding the strengths and weaknesses of the centre, opportunities for improvement and the outlook for the centre.
Cistri’s detailed market profile and assessment assisted in investors’ understanding of the strengths, weaknesses and opportunities for the centre