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News Release

Hong Kong

Jones Lang LaSalle Appointed as the Sole Leasing Agent and Property Management Consultant For TST Tower, 388 Un Chau Street

International property services firm to lease and manage premium mixed-use development in Cheung Sha Wan, Kowloon


HONG KONG, 3 July 2013 – International property services firm Jones Lang LaSalle today announced that its Retail and Property Management teams have been appointed as the sole retail leasing agent and property management consultant for TST Tower, on 388 Un Chau Street, a premium mixed-use development comprising a residential tower and three storeys of retail space. The project, developed by TST Property Limited, is located in the centre of buzzing Un Chau Street.
 
“This appointment is exciting news for the Retail and Property Management teams at Jones Lang LaSalle. The position of a leasing agent for its retail podium and a property management consultant for the property demonstrates the well-recognized services provided by our leasing and property management professionals,” said Terence Chan, Local Director of Retail, Jones Lang LaSalle, Hong Kong.
 
The 26-storey brand new residential tower, situated at 388 Un Chau Street, comprises 137 residential units with a gross floor area of each unit varying from approximately 351 sq.ft. to 1,328 sq.ft. gross. TST Tower is also equipped with clubhouse and swimming pool for the use of residents. The 113 meter-high building includes a three-storey retail podium of approximately 27,113 sq.ft gross, with a lettable area on each floor ranging from 1,411 sq.ft. to 10,158 sq.ft. and a ceiling height of approximately five meters.
 
The residential tower offers a convenient living space with great visibility and superb accessibility. Siting directly opposite Un Chau Estate and Un Chau Shopping Centres, the residence is only a five-minute walk from the Cheung Sha Wan MTR station, and is well served by various transport options including bus, minibus and the China-Hong Kong shuttle bus.
The mixed-use development is destined to benefit from the thriving neighbourhood at Cheung Sha Wan, an area that has increasingly drawn the attention of developers. With a number of other luxury residential and commercial projects coming onto horizon, Cheung Sha Wan is projected to grow further and bring in increased returns for brand owners and property investors.
 
“I expect the development to attract many brands seeking a reasonable rent in a precinct that still enjoys good visibility, heavy foot traffic and promising investment returns.” added Chan. “With its convenient location, state-of-the-art design, professional property management services, easy accessibility to various dining and shopping options, the development is projected to be a highly sought-after property by quality retail tenants.”
 
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