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TH Real Estate expands outlet mall portfolio in Hong Kong

Florentia Village Hong Kong

Silk Road Holdings, for which TH Real Estate acts as Investment advisor, has successfully opened its latest designer outlet in Hong Kong.

Located in the heart of Kwai Hing, Florentia Village Hong Kong enjoys excellent accessibility, being just a five-minute walk from Kwai Hing MTR station and just 25 minutes from Hong Kong International Airport.

Silk Road Holdings is the joint venture team responsible for the iconic Florentia Village in Jingjin, Guangzhou, and Shanghai, all of which set the benchmark for outlet shopping in China and replicated the concept in multiple gateway cities across China. The Jingjin outlet was first opened in 2011, followed by Guangzhou and Shanghai in 2015.

Florentia Village Hong Kong will offer 60,000 sq ft (5,574 sq m) of prime shopping space and boasts top international brands, including Armani, Folli Follie, Furla, Kenzo, Lane Crawford, Links of London, Prada, Salvatore Ferragamo, Sergio Rossi, Sunglass Hut and Versace.

Named after the storied Italian city of Florence, China’s Florentia Village outlets are designed according to a traditional Italian aesthetic. In contrast to traditional outlet malls, Florentia Village Hong Kong is dedicated to the overall enhancement of the customer shopping experience by introducing the ambience of an exclusive boutique setting, complete with unbeatable value.

Silk Road Holdings shareholders include the Italian Fingen Group of the Fratini Family, the Luxembourg based China Outlet Mall controlled by Jacopo Mazzei, Gaw Capital Partners from Hong Kong, the Sino-US Waitex affiliate as well as a major US institutional investor. Silk Road is advised by RDM Asia (the real estate development company of the Fingen Group in Asia) as operating and development partner, alongside TH Real Estate as investment advisor. Together the team brings an unprecedented degree of international outlet expertise, luxury retail network, development capability and local market knowledge which has established a new benchmark for the China luxury outlet sector in terms of design, brand representation and consumer experience.

Chris Reilly, Managing Director of Asia-Pacific at TH Real Estate, comments: "Hong Kong is one of the most lucrative and fast growing retail markets in the world. It is a top target market for luxury brand expansion and has brand conscious consumers. With brands such as Armani, Kenzo, Versace and Prada, we are sure Florentia Village will strongly appeal to these consumers.

"For our investors, luxury designer outlets offer attractive risk-adjusted returns and diversifications benefits as well as low levels of volatility, particularly during economic downturns."

Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. The value of investments and any income will fluctuate (this may be partly be the result of exchange rate fluctuation) and investors may not get back the full amount invested. Where opinions have been expressed, they are based on current market conditions and are subject to change without notice.

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