Investment Rationale
We worked with our investment partner Angelo, Gordon & Co to purchase this retail podium in the up and coming area of Shek Tong Tsui which sits between Sai Ying Pun and Kennedy Town. The area has been largely overlooked as Sai Ying Pun and Kennedy Town have developed and yet it has a massive concentration of residential developments. The goal with this strategy was to create a mix used development aimed at renting to F&B tenants on the ground floor and office and lifestyle retail on the two floors above.
The repositioning exercise included a complete re-configuaration of the outlook and podium circulation as well as a rebranding of the development to Yat Fu Lane keeping true to the podium’s location as being on the corner of Queens Road West and Yat Fu Lane. Award winning New Zealand architects Fearon Hay were the lead designers and architects on this project.
The asset is currently stabilized renting to Pacific Coffee, Hot Pot Land & Avendale Kindergarten.
What
Retail repositioning to office and retail
Location
The corner of Queens Rd West and Yat Fu Lane
Size
25,136 sqft
Completion
July 2017
Visit
www.yatfulane.com
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About
Yat Fu Lane is a unique development tailored for commercial and retail use; located in Shek Tong Tsui, it is conveniently nestled between Sai Ying Pun and Kennedy Town. As the developer we worked closely with acclaimed architectural firm Fearon Hay to create a contemporary space that draws people to the area while thoughtfully integrating itself into the surrounding community.
Aiming to attract lifestyle and creative retail, restaurant and office tenants, it has been designed to house modern open planned spaces. The building features a towering spiral staircase connecting every level and a floor to ceiling glass façade that invites in natural light giving optimum exposure for any occupants. With this openness built into the core of Yat Fu Lane, we hope to become as much a part of the neighbourhood as we are to define it.