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Trends in retail real estate product development in Asia

Thursday, 8th November 2012 from 11:30 AM to 12:30 PM

Panel HKCEC, Level 5, Hall F-G, Ruby Room Retail Summit

- Mega-malls vs. fl agship stores vs. department store models and
how to achieve the perfect mix
- Important considerations for maximising revenue per square feet
- Retail premises layouts and solutions for effi cient use of shelf space
- Locating retail developments around the region?


Co-organised by:


Speaker(s)

AZAR Karim AZAR Karim
International Finance Centre Management Co., Ltd | General Manager - Retail Leasing
Karim Azar with over 14 years of real estate experience specializing in Retail Mall Management, is currently the General Manager of the International Finance Centre Management Co., a joint venture of Sun Hung Kai Properties and Henderson Land. He was previously a Deputy Manager in Sun Hung Kai Properties, reporting directly to the owners on ifc mall and several other properties under the Group. In the early stages of his career Karim was mentored by the likes of Mr. CY Leung (current Chief Executive Elect of Hong Kong) where he worked as a Director of the Residential Department specializing in sales and leasing of high-end residential properties in Hong Kong and Europe. Well equipped with a versatile understanding of the business and an uncontainable ambition, he went on to assume the position of Deputy Manager of the Chairman's office in Sun Hung Kai Properties, Hong Kong's largest and most respected property developer. This venture has helped Karim develop many of the distinct attributes which make him what he is today.
More than ten years on and Karim's loyalty and undeniable work ethic have earned him the title of General Manager of ifc mall, Hong Kong's premier retail landmark. His acute attention to detail, a refined thirst for only the finest international and local brands and also his trademark hands-on approach to retail leasing and management has helped to transform the mall into the vibrant retail paradise that it is today. His mission and dedication has taken him around the globe on countless trips to recruit and research the latest brands and fashion trends. He is responsible for attracting both global giants and fine overseas boutiques to Hong Kong. Some of these are Tom Ford, Lanvin, Loro Piana, Zara, Apple, Tory Burch, Pomellato, Diptyque, Brunello Cucinelli and many more.
A mix of British and Lebanese descent, born in Hong Kong, equipped with an overseas education at the finest institutions in USA, UK and Switzerland and speaking fluent English, French and Italian, Karim certainly embodies the first initial of the establishment he has endeavored so hard to create and maintain.

About ifc mall:


ifc at Central Waterfront is one of Hong Kong's leading business and leisure destinations. Comprising a unique combination of prestigious offices, high-end shopping and entertainment outlets, and Hong Kong's finest hotel and suite hotel - Four Seasons Hotel and Four Seasons Place, the 4.47 million square feet complex offers a truly inspiring working, shopping and living experience.

With around 200 stores featuring international premier brands, flagship stores and unique concept stores, ifc mall is the place to go for an extraordinary shopping, dining and entertainment experience. It is also a hot spot for sightseeing. (Website: www.ifc.com.hk)

CANCELLONI Frank CANCELLONI Frank
Devanlay Asia Distribution Limited (Lacoste) | CEO, Asia- Pacific
As the CEO of DEVANLAY, Asia Pacific, Frank Cancelloni manages LACOSTE's apparel, packs and leather goods accessories business in 13 markets of the Asia Pacific region, including Japan, South Korea, Greater China, Australia and India.

DEVANLAY is the worldwide licencee of LACOSTE apparel and leather goods; and is also one of the major shareholders of LACOSTE.

As an avid tennis player, Frank has a strong emotional affinity with the brand, wearing LACOSTE on and off the court since he was a teenager.

Prior to joining DEVANLAY, Frank was the General Manager at VF Corp for 5 years, overseeing brands like The North Face, Eastpak and JanSports in Asia Pacific.

Frank's intimate knowledge of the Asia Pacific market has enabled him to lead LACOSTE's Asian collection to great success. Frank believes unprecedented expansion in Asia will see the brand continue on the relentless growth path it has been on since 2009. He aims to double sales in the region by 2013.

Frank says, "with LACOSTE, there is no need to conform to dogmas of fashion and convention. Comfort and elegance can coexist and the brand will continue to adapt itself to the spirit of the times while staying true to its original values."

About LACOSTE:

Symbol of relaxed elegance since 1933, the LACOSTE brand, built on its genuine sporting roots, offers a unique and original universe through a wide range of products for men, women and children. LACOSTE S.A., animates and coordinates eight worldwide licenses granted to various partners: Devanlay, its historical partner for apparel and leather goods, Pentland for footwear, Procter & Gamble for fragrances, Marchon for eyewear, Movado for watches, Zucchi Group for home textile sand the GL Bijoux group for fashion jewellery. The LACOSTE brand has achieved a wholesale turnover of 1.6 billion Euros in 2011 in retailer sales which is the equivalent of 3.7 billion Euros in terms of end users turnover. In the 114 countries where the brand is present, two LACOSTE products are sold every second through LACOSTE boutiques, corners in department stores and a selective distribution network.For more information, please visit www.lacoste.com

BRADLEY Guy BRADLEY Guy
Swire Properties (China) Investment Company Limited | Chief Executive Officer, Mainland China
Photo credit: Swire Properties Limited

Guy Bradley oversees the Company's business operations in Mainland China, including the implementation of the Company's overall investment strategy, acquisition of development opportunities as well as management of projects in the four principal cities - Beijing, Chengdu, Guangzhou and Shanghai - where the Company's representative offices are located.

Guy has worked in the Swire group for more than 25 years, including general management roles in Swire's businesses in Papua New Guinea, Japan, Hong Kong, Mainland China, the United States, Taiwan, Vietnam and the Middle East. He joined Swire Properties Limited in 2006 and became a Director in 2008. Prior to assuming the current role in 2011, Guy was Chief Operating Officer - Hong Kong. He was also appointed as Chief Representative of the John Swire & Sons China office in 2011.

A Chartered Surveyor, he is a member of the Royal Institution of Chartered Surveyors and The Hong Kong Institute of Surveyors.

About Swire Properties:


Swire Properties develops and manages commercial, retail, hotel and residential properties, with a particular focus on mixed-use development in prime locations at major mass transportation intersections. Listed on the Main Board of the Stock Exchange of Hong Kong, the Company's investment portfolio in Hong Kong totals over 17 million sq ft (over 1.58 million sqm)* of gross floor area, with Island East and Pacific Place as its core holdings. In addition to Hong Kong, the Company has significant investments in Mainland China, the United States and the United Kingdom.

* Gross floor area in respect of 100% of the properties excluding car park areas and not on an attributable basis.

Moderator

BRADSTREET Nicholas BRADSTREET Nicholas
Savills (Hong Kong) Ltd. | Deputy MD

Nicholas Bradstreet has had more than 26 years' property experience, 22 of which have been in Hong Kong. As Deputy Managing Director and Head of Leasing for the Hong Kong office, managing leasing services for office, retail and residential properties, he leads over 130 staff.

The Retail Department under his leadership work on sole agency projects, both in Hong Kong and within the Asia region providing both leasing and consultancy advice. In 2011, 22 retail specialists (the largest team in Hong Kong) headed by Nick leased over a total area of 300,000 sq ft.

Assuming his role of Deputy Managing Director & Head of Leasing, he liaises closely with the other departments in Hong Kong, namely Property Management, Commercial, Investment, Valuation and Research in pitches and leverages their contacts. Acting as a bridge between our Asia regional offices and our London Headquarter, he has advantages in getting client referrals from Asia and Europe.

He has established close relationships with international renowned retailers and is responsible for building tenant Rep by acting as Account Executives to prominent corporates and to boost relationships through undertaking regular seminars to CEO/CFOs of key companies.

In 2007, Nick and his team were heavily involved in the leasing and marketing of The Grand Canal Shoppes at the Venetian Macao and The Shoppes at Four Seasons Macao, both of which were landmark appointments for Savills.

Much of Nick's time is now spent working with other Savills offices in the region assisting in the leasing of sole appointments. These shopping centre appointments include:


  1. Seoul International Finance Centre

  2. Noon Square, Seoul

  3. Taikoo Hui, Guangzhou, China (The new Swire development)

  4. Park Hotel, Singapore

  5. City of Dreams, Macau

  6. Hysan Place, Hong Kong


By regularly attending the ICSC conference in the United States and Mapic, the equivalent shopping centre conference in Europe, he keeps abreast of changes in the retail industry while targeting new names and operators for Hong Kong and the region.

Nicholas qualified in Land Management at De Montfort University in United Kingdom with a BSC (Hons). He is a Fellow of the Royal Institute of Chartered Surveyors and a member of the Hong Kong Institute of Surveyors.

Key Attributes


  • Tenant Representation Services

  • Consultancy service in design, leasing and marketing stages

  • Strategic leasing and marketing planning

  • Market analysis and site selection

  • Retailer and landlord negotiation


Significant Deals


  • Venetian Macao and The Shoppes of Four Seasons (111,500 sqm, 2007). Appointed as Sole Leasing Agent and retail consultant and successfully completed over 120 leasing deals.

  • Taikoo Hui (41,800 sqm, 2010). Appointed as Sole Leasing Agent and successfully completed over 100 leasing deals.

  • Hysan Place (120,800 sqm, 2011). Appointed as Sole Leasing Agent and successfully completed over 60 leasing deals.


About Savills (Hong Kong) Ltd. :


Savills plc is a global real estate services provider listed on the London Stock Exchange. We have an international network of over 500 offices and associates throughout the Americas, Europe, Asia Pacific, Africa and the Middle East, offering a broad range of specialist advisory, management and transactional services to clients all over the world.
Savills Retail provides comprehensive advisory services across all sectors of Hong Kong retail property. Retailers, landlords and investors alike continue to benefit from our expertise as a single source of pragmatic, market-based advice.


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