The chart below shows the mix of the tenants of the retail properties by the principal nature of their businesses (based on internal classifications) as a percentage of the retail area at 30th June 2022. Retail Area by Tenants’ usinesses At th June 19.5% 2.5% 42.8% 4.5% Fashion and accessories Cinemas Jewellery and watches 5.3% Food and beverages Supermarkets Others 25.4% At 30th June 2022, the top ten retail tenants (based on The mall at INDIGO in Beijing was 100% occupied at attributable gross rental income in the six months ended 30th June 2022. Retail sales decreased by 25% in the first 30th June 2022) together occupied approximately half of 2022. Improvements were made to the tenant mix. 18% of the Group’s total attributable retail area in the Chinese Mainland. Gross rental income at Sino-Ocean Taikoo Li Chengdu was approximately the same in the first half of 2022 as in Gross rental income at Taikoo Li Sanlitun in Beijing the same period in 2021. Retail sales decreased by 8%. increased in the first half of 2022, despite the disruption At 30th June 2022, the occupancy rate was 96%. arising from the closure of retail shops and suspension of dine-in services during May and certain days in June. Gross rental income at HKRI Taikoo Hui in Shanghai was This reflected the contribution from the newly opened approximately the same in the first half of 2022 as in the Taikoo Li Sanlitun West and improvements to the tenant same period in 2021. Retail sales increased in the first mix. Retail sales decreased by 26%. The occupancy two months of 2022, benefitting from improvements to rate including Taikoo Li Sanlitun West was 98% at the tenant mix and increased footfall until a COVID-19 30th June 2022. resurgence in March. Retail shops were closed in April and May, and gradually reopened thereafter. Retail sales In the first half of 2022, gross rental income and retail decreased by 53%. The occupancy rate was 98% at sales at Taikoo Hui in Guangzhou decreased by 2% and 30th June 2022. 7% respectively as compared with the first half of 2021, reflecting the impact of COVID-19. The mall was 99% occupied at 30th June 2022. Improvements to the tenant mix were made. 29
2022 Interim Report | EN Page 30 Page 32