WORFU is a 3-storey suburban retail mall with a plot ratio GFA of 209,768 sq.ft. The property is located in North Point. The investment strategy is to rebrand and reposition the retail mall by undertaking a phased renovation programme and improving the tenant and trade-mix.
The repositioning strategy is to capitalize on the stable demand for neighbourhood retail and to optimize the commerical value of the property by undertaking an extensive renovation programme to upgrade the exterior of the property and rezoning the tenant-mix, so that rentals can be restored to market level.
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