Main Plenary – A Bull vs Bear Debate – Hong Kong’s Retail Market Landscape – What’s Next?
Wed 23 Oct
3:30 PM — 4:15 PM (GMT+08:00) Beijing, Chongqing, Hong Kong, Urumqi
While retail figures have rebounded after reaching historic lows in 2020 due to the pandemic, the preferences and behavior patterns of both tourists and residents have changed. The rise of "budget travel" and Gen Z's propensity to spend money on experiences rather than physical goods presents major challenges, thus vacancy rates across the city are at an all time high, with large numbers of visibly empty shop fronts.
During our two-on-two debate session, the teams will address the following key questions:
• Is high rent killing retail?
• Can retail tourism be brought back?
• Is luxury retail the solution?
• Can budget travel revitalize the trade?
• How can Hong Kong local trade survive in the face of leakage to Shenzhen?
• Is the existing offer adequate, or does Hong Kong retail need to be re-invented?
During our two-on-two debate session, the teams will address the following key questions:
• Is high rent killing retail?
• Can retail tourism be brought back?
• Is luxury retail the solution?
• Can budget travel revitalize the trade?
• How can Hong Kong local trade survive in the face of leakage to Shenzhen?
• Is the existing offer adequate, or does Hong Kong retail need to be re-invented?
Speakers
Moderator
Moderator
Managing Director, Global Head of Real Estate Equity Sales, Hong Kong Leadership Team Bank of America Merrill Lynch
Sarah Cooper is Managing Director & Global Head of Real Estate Equity Sales at BofA Securities, based in Hong Kong. She is a member of the BofA Hong Kong Leadership team, and Chairman of the Hong Kong Philanthropy committee. Sarah works closely with both the research & banking side of BofA. She has worked on transactions from markets as diverse as Russia, China, India &…
Speaker
Speaker
Director and Head of Leasing and Operations Henderson Land Development
Tom Andrews is Director, Head of Leasing & Operations for Henderson Land Central Site 3. Having grown up in Asia & the UK, Tom has been working in real estate for over 18 years across various Asian markets including Hong Kong and SE Asia. Tom has a strong passion for retail and specializes in mixed use commercial developments with a key focus on office &…
Speaker
Speaker
Chairman Jerde Partnership
Phil Kim is a Chair, Board Member, Shareholder and Managing Director Asia Pacific at the Jerde Partnership, Inc. in Los Angeles and Asia, focusing on Jerde’s constantly evolving places that has impacted and rejuvenated Asia cities, with the firm recognized with 160 international design awards. He advises companies and cities on innovation in integrated development, retail, urban revitalization, vertical cities and the value creation of…
Speaker
Speaker
Head of Real Estate, Asia Pacific, Schroders Capital Schroders
Andrew Moore is Head of Asia Pacific Real Estate at Schroders Capital. He was previously Chief Executive of Pamfleet, which he co-founded in 2000 and led through its integration with Schroders in 2020. At Pamfleet, he guided the business in originating, co-investing and asset managing value-add real estate investments, with notable transactions in Hong Kong, Singapore and Shanghai. Andrew began his career in real estate…
Speaker
Speaker
Independent Advisor, Strategy and Sustainability
Aamir Sakhia was most recently the Chief Operating Office of Lane Crawford, leading the Enterprise pillar and overseeing Logistics and Warehouse, Technology, Store Design and Environment, Merchandise Planning, and the Lab Concept operation. He was also one of the key senior executives to formulate and lead the company’s sustainability strategy. With 30 years of experience in luxury goods, retail and merchandising in the US and…