Retail in Asia

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HK’s Hysan soars on retail rent

Strong growth in retail rental income helped Hong Kong’s largest landlord in Causeway Bay Hysan Development’s core earnings jump 14.1 percent to HKD1.31 billion (USD168.87 million) in 2011.

The company has benefited from an influx of Chinese tourists, with revenue from its retail portfolio increasing 12.7 percent to HKD789 million in 2011 from HKD700 million in 2010.

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(Source: scmp.com)