Hysan Place high floor in Hong Kong leased for 1.12 million renewal

HYSAN (00014.HK) has renewed the lease for the entire upper floor unit of Hysan Place in Causeway Bay, with an area of approximately 16,481 square feet, at a monthly rent of about HKD 1.1977 million, nearly a year in advance. This translates to a rent of about HKD 73 per square foot, which is a reduction of approximately 15% compared to the current rent and is about 6.5% lower than the rent level at the time of the building's reconstruction completion in 2013