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Hong Kong airport
Tenant losses have added to the urgency for New World to seek a revised deal with AAHK, which awarded the tender for 11 Skies in 2018. The developer is required to pay a guaranteed rent of HK$1.8 billion a year — or up to 30% of gross revenue, whichever is higher — from 2028 through 2066, according to stock exchange filings and a note from UBS Group AG.
The lessor then must sublet the smaller units. So maybe 50% of sales just for rental. If you order grab for food, another 30% off. .......
Tenant losses have added to the urgency for New World to seek a revised deal with AAHK, which awarded the tender for 11 Skies in 2018. The developer is required to pay a guaranteed rent of HK$1.8 billion a year — or up to 30% of gross revenue, whichever is higher — from 2028 through 2066, according to stock exchange filings and a note from UBS Group AG.
The lessor then must sublet the smaller units. So maybe 50% of sales just for rental. If you order grab for food, another 30% off. .......