Pure Yoga

The Challenge

• Degree of difficulty in sourcing large floor area of 15,000 to 20,000 sq ft in Central area.
• Based on the budget provided, we envisage the best possible location and optimum lease package.

• Scour all major Grade A commercial buildings with retail podium presence.
• Pro-actively solicit landlords for vacant premises and due to expire stocks well in advance.
• Shortlist and identify location.
• Based on our experience and market insight, CBRE was able beat out 3 other offers to secured the premises successfully for Pure Yoga.

The Result

• Pure Yoga was able to expand their health and fitness business as planned.
• Virtually no competition in the vicinity.
• Secured location with high public exposure at a very competitive rental package.
• Landlord was please to secure Pure Yoga as anchor tenant rather than three separate tenants.

Ho Choi Seafood Restaurant

The Challenge

• As the restaurant space ofChina Resources Building comprises of over 32,000 sq ft, it would be difficult to locate suitable tenant(s) due to huge initial setting- up cost.
• The asking rental by landlord is always on the high side.
• The outbreak of SARS definitely discouraged retailers in particular restaurant operators for expansion

The Solution

• Actively arrange meetings & negotiations with various potential restaurant operators in town
• Shortlist & identify target potential tenant(s)
• Proposal of a reasonable rental plus a certain percentage of Gross Sale Turnover suggested by CBRE were accepted by both Landlord & Tenant

The Result

• With over HK$30M were invested in the fitting out & decoration on the subject premises, their 16th restaurant outlet was in operation by Sept. 2003
• Decoration, food quality and services provided are well received by all customersl
• Landlord is extremely satisfied with the tenant’s operation as starting from December 2003 ongoing, turnover rent has been put forward by the Tenant on top of the basic rent