Speaker

Mr. Tom Andrews

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 & retail repositioning as well as mixed use asset management. Having spent almost seven years with Swire in Hong Kong across various departments within the Group, Tom joined Hongkong Land where he spent six years working in Singapore & Thailand before relocating back to Hong Kong to help run LANDMARK as well as create various new businesses including BASEHALL & BELOWGROUND. After a ten year career with Hongkong Land, Tom joined Henderson Land at the start of 2023 to run Site 3 in Central, Hong Kong and create a truly world class mixed use development in the heart of Hong Kong.

Speaking at

Wed 23 Oct 3:30 PM — 4:15 PM (GMT+08:00) Beijing, Chongqing, Hong Kong, Urumqi

Main Plenary – A Bull vs Bear Debate – Hong Kong’s Retail Market Landscape – What’s Next?

Ms. Sarah Cooper, Bank of America Merrill Lynch

Mr. Tom Andrews, Henderson Land Development

Mr. Phil Kim, Jerde Partnership

Mr. Andrew Moore, Schroders

Mr. Aamir Sakhia,

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?