CBRE Appointed as Sole Agent for the Public Tender Sale of Dairy Farm Guilford Road Shopping Centre at 2-4 Watford Road

CBRE has been appointed by the owner as the Sole agent for the sale of the entire commercial portion of Dairy Farm Guildford Road Shopping Centre at 2–4 Watford Road, The Peak, Hong Kong. The property is being offered for sale by public tender with tender closing at 12noon, Thursday, November 19, 2026.

The property is situated in The Peak, one of Hong Kong's most prestigious luxury residential districts and home to many long-established families and prominent figures. It is adjacent to the Peak Campus of the German Swiss International School. Founded in 1969, the German Swiss International School has a 57-year history and ranked 8th globally in the 2025 Global Top IB Schools, underscoring its international standing and long-established reputation for academic excellence.

The property is now a 2-storey retail podium which provides a GFA of approximately 8,974 sq. ft. together with multiple carparking spaces, which is an optimum size for neighbourhood mall with simple tenant mix. As one of the few commercial properties in The Peak, Dairy Farm Guilford Road Shopping Centre has served the daily gourmets and needs of local residents for over 50 years and enjoys strong landmark status within the community. The property is currently 100% leased out to various tenants including Wellcome Supermarket, real estate agencies and a stylish café etc., providing purchasers with immediate and stable long-term rental income.

Mr. Avan Pau, Senior Director of CBRE Hong Kong Capital Markets, stated: "The Peak is one of the wealthiest residential districts in both Hong Kong and globally. The area is supported by an exceptionally affluent resident base, plus the about 1,300 students and families from German-Swiss International School from more than 30 different countries around the world, providing strong and sustainable spending power for the property's retail offerings. In addition, the ultra-luxury residential development at Mansfield Road led by Wheelock Properties is expected to be completed in 2028, delivering approximately 400,000 sq. ft. of luxury residential floor space. It is anticipated that around 200 ultra-high-net-worth families will move into the area upon completion, further strengthening local spending power and enhancing the long-term retail and commercial value of the property.”

“The market has also recorded a few notable retail investment transactions in recent years. For instance, McDonald's has continued to dispose of retail premises from its property portfolio, selling eleven owner-occupied shops since October last year, involving almost HK$900 million. This demonstrates investors' strong appetite and long-term confidence in income-producing neighbourhood retail assets.”

“Following its successful government land acquisition in 1972, the owner DFI Retail Group developed the property for its own operation. The property has been held and operated for approximately 50 years. Opportunities to acquire such a tightly held asset are exceptionally rare and are expected to attract significant market interest. Coupled with its prime location, scarcity as one of the very few commercial assets in The Peak, stable rental income and strong investment flexibility, we expect the property to generate substantial interest from local and international investors and result in highly competitive bidding.”

For inquiries regarding the sale or to arrange an on-site inspection, please contact Mr. Jonathan Chau, Managing Director, Capital Markets, Asia (ex-Japan) (Tel: +852 6341 2382 | E-235473), or Mr. Avan Pau, Senior Director, Capital Markets, CBRE Hong Kong (Tel: +852 9836 9656 | E-306103).