SCMP – Lawsgroup defies retail slump with a mission to give industrial buildings a new lease on life

New Lai Chi Kok shopping mall is the brain child of Bosco Law who converted a family-owned industrial building into an office and retail complex

A decline in tourists and the weak economy may hit Hong Kong retailers hard but Laws Group deputy chairman and chief executive Bosco Law Ching-kit still believes in his mission to turn old industrial buildings into shopping malls for families that he is offering a new one for lease from this month.

The new shopping mall, D2 Place Two located at Lai Chi Kok, is the brain child of Law who converted one of his family-owned industrial buildings into an office and retail complex. The building, available for lease starting from last week, is expected to have three floors of retail shops and seven floors for offices, plus one level for car parking.

The themes of the new mall would be arts, music, sport, and food and beverage. It is located opposite D2 Place One which was launched three years ago as a specialised shopping mall for fashion designers and fashion related products.

“It is true that it would be easier if we only turned the old industrial building into office areas. While retail space has found it hard to bargain for a good price amid the reduction in tourists and weak economy, office areas still have a very stable and strong demand,” he said in an interview with the South China Morning Post.

“However, it is my belief that I would like to turn old buildings into shopping malls to support the innovative industry. This would give new life to the old buildings.”
When it opens later this year D2 Place Two will target a wider age group including family visitors.

Law said that while D2 Place One aims to attract the younger generation who want to buy the latest fashion products, D2 Place Two would target a wider age group including family visitors.

“We aim to have tenants who want to open workshops for arts, music or sport which could attract parents to bring their children to attend the workshops, while the parents could go for a cup of coffee or a meal in the restaurants in the shopping mall,” he said.

In terms of rental level, he said the new shopping mall will charge a market price higher than D2 Place One, which offers space that is cheaper or with more flexible lease terms to support new artists or fashion designers.

In the first week after D2 Place Two was opened for leasing, Law has seen about 10 tenants showing interest in the new shopping mall which is expected to open for business by the end of this year.

He added that the concept of D2 Place One and Two has attract overseas attention. The French May cultural festival will hold an event in the area this year, while some overseas organisations want to introduce a similar concept to old buildings in the US and France.

“I strongly believe in turning old industrial buildings into new purposes. It would be better use of the old building and help promote innovative industry in Hong Kong,” Law said.

our Latest News

10-08-2023

英文虎報專訪:羅氏地產最新時尚智慧商廈KTR 350

22-07-2023

與Laws Knitters Studio和MINI MOTORS體驗藝術、工藝和可持續...

04-05-2023

羅氏集團呈獻 “與agnès b.歌頌法國時裝與攝影” 藝術展覽

22-03-2023

與羅氏針織工作室一同慶祝香港藝術月

16-06-2021

羅氏集團 - D2 Place 榮獲香港紅十字會頒發「給血聯盟」銀章

16-06-2021

D2 Place x 法國五月「Colour the World」藝術展覽正式揭幕

04-06-2021

羅氏集團首席財務總監(製造業)關靜儀小姐分享培育本地年輕...

04-05-2021

自家品牌參加了香港貿發局的時尚購物展

26-03-2021

資訊科技總監劉則輝先生分享集團運用5G技術的計劃

02-12-2020

D2 Place榮獲新城財經台Digital Ex Award 2020 十大最佳商場獎項

22-08-2023

與羅氏針織工作室一同慶祝香港藝術月

24-12-2020

香港經濟日報就CSV市場策略訪問市場總監霍俊熹先生

20-11-2020

羅正杰先生於CREATIVE COLLISION 2020分享CSV願景

20-10-2020

FFFRIDAY X 連卡佛快閃店現已開幕

12-10-2020

南華早報專訪:羅氏集團在荔枝角的全新活化項目

07-10-2020

羅氏集團很高興於CSV和工作場所管理方面獲得多個獎項

29-09-2020

宏施慈善基金 X LYCHEE & FRIENDS 慈善賣旗活動開始

21-09-2020

羅正杰先生分享了他對本地時裝業的看法

15-09-2020

羅正杰先生分享對可持續時裝的願景

15-09-2020

非凡中國及羅氏集團羅正杰先生共同收購bossini控股權