Hong Kong's high rents may put the brakes on ParknShop sale

08/15/2013 | Bloomberg

Hutchison Whampoa's plan to sell supermarket chain ParknShop may hit a snag because of the high and rising-higher retail rents in Hong Kong, home to about 270 of its 345 stores, industry experts say. Shop leases have doubled in the past four years, and the city's Causeway Bay area is now the priciest district in the world, according to Cushman & Wakefield.

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