Overall performance of the 001 chinan mall
The six main shops in chinan: shimong square, changlong square, vientiane city, impress city, long lake sky street and yangyang square are operated by well-known listed companies. What, then, has been the performance of these businesses in terms of rent income and rental rates in 2023? In recent days, the answer to this question has come to light with the successive disclosure of the performance of commercial property listed companies in 2023. New yellow river fish financial reporter has carefully combed and covered the jenan commercial projects under the umbrella of these companies。
♪ the queen of smoo square ♪
In many malls, chinan smo square emerged with outstanding rent revenues and succeeded in gaining second place in the country. This performance not only highlights its strong attractiveness and operational capacity, but also injects new dynamism into the commercial real estate market in jinan。
In 2023, chinan smo square earned $142 million in rental income, the second highest in the country. On 29 april, the smoot group (hk:00813), published its annual 2023 newspaper. According to the annual newspaper, the rental income from chinan smo square in 2023 was $142 million, the same as in 2022. It is worth mentioning that, of all the shopping malls under the umbrella of smoo group, the rental income at chinan smoo square was third in 2022, while in 2023 it surpassed the beijing smoo house and succeeded in reaching the second highest level in the country after smoo square in shanghai. In addition, according to data provided by smo group, 9 of the 18 businesses under its umbrella had rental income decreased in 2023 compared to the previous year, 2 had remained unchanged and 7 had increased。
Smoo group conducted an in-depth analysis of operations in 2023. Shanghai smog inc. Continues to optimize consumer experience and improve business quality, successfully attracting more customers. The data show that the volume of business project traffic it manages increased by 32 per cent from 2022 to 2021. At the same time, sales were achieving a 13 per cent improvement over 2022. By the end of 2023, the overall rental rate for these commercial projects had reached 91 per cent, an increase of 1 percentage point over the previous year。
It is worth mentioning that shimu square in chinan, as the champion of the smoo commercial project, has been at the top of the three aces since its opening in 2014. In 2018, in particular, the mall became the highest rent-earning mall in the year with outstanding performance. In addition, sam has disclosed the rental status of its commercial project on qingdao in shandong, shigeshima 52+. Although its rental income in 2023 was $13 million, down from $20 million in 2022, the mall still holds a place in the local commercial market。
"henlong square and dragon lake sky street"
The han long group, also located in the core business circles of spring road, has achieved remarkable results. The rental rate rose to 93 per cent in 2023, up 3 percentage points from the previous year, while the market income and tenant sales increased by 4 per cent and 25 per cent, respectively。
Along with high-end malls such as chinan xinlong square and vientiane city, the ryonghu street has also achieved remarkable results. Since its opening at the end of 2020, the rental rate has continued to rise, reaching an alarming 98 per cent in 2023, an increase of 3. 8 percentage points over 2022. Moreover, its rental income rose from $9123 million in 2022 to $92. 67 million, demonstrating good growth. This has laid the foundation for the further development of the dragon lake group in the jinan market。
The long lake group, a country-renowned commercial real estate developer, has an important place in its revenues. The long lake mall is divided into two product lines, sky street, a city shopping centre, and the community shopping centre, with the sky street series being the core business of the company. In zinan, the long lake group not only has the success story of orthony street, but will add a new north tianxian street project by the end of 2023, with a 100 per cent rental rate and a rental income of $12. 28 million, which will further strengthen the position of the dragon lake at the chinan commercial market。
[impressive city rent decline]
Not all malls can sustain sustained growth in rental rates. The rental rate in jenan impress city declined from 96. 2 per cent in 2020 to 95. 8 per cent in the first half of 2023. Jenan impress, as a commercial project under the vanco a umbrella, has shown a continuous downward trend in rental rates over the past three years。
In 2019, jenan impress city opened its business under the leadership of panko indian. By 2020, it had a rent rate of 96. 2 per cent, with an operating income of $134 million, and was ranked seventh among the commercial projects managed by the indian group. By 2022, however, the rental rate at the mall had declined to 96. 40 per cent and the collection had increased slightly to 166 million yuan, but the ranking had fallen to eight。
In the first half of 2023, the rental rate in jenan impress city declined further, to 95. 8 per cent, and its ranking fell accordingly to 8. Despite the steady growth in business development and operating revenues of the vanco group in 2023 and the increase in rental rates, jenan impress still faces operational challenges。
The strategy and future of hiroyang square
There has also been some success in the hongyang square, located in the western part of the country, as an important commercial project under the banner of the land of hongyang. Although its parent company, hongyang estate, did not disclose in detail the specific performance of individual projects in mid-2023, special mention was made of chinan hongyang square. Hongyang square has achieved notable achievements in terms of brand upgrading, marketing and client satisfaction through optimization measures to increase brand visibility。
Looking to the future, it has been indicated that it will respond positively to rapid changes in consumer preferences and continuously upgrade brands to adapt to market dynamics. At the same time, enterprises will be innovative in their thinking, keeping pace with new trends in consumption, making full use of new media platforms and proactively seeking breakthroughs. Upgrading to enhance industry competitiveness based on firm rental rates, income and profits, taking into account the evolution of consumption trends. Upgrading to enhance industry competitiveness based on firm rental rates, income and profits, taking into account the evolution of consumption trends。
