Hong Kong’s retail property market is like no other – the city has more Tiffany stores than the whole of the UK – but in recent years the sector has underperformed. Savills data show that average prime high street stop rents halved between the park in late 2013 and late last year. This year, retail sales growth has been strong – 29.8 percent growth in February, the strongest month for eight years.

The prospect of recovery has attracted a number of private equity buyers to the sector. Chelsfield Asia has been busy in recent months, buying both luxury and neighborhood retail for its Asia value-add fund. Real full article >