MANAGEMENT DISCUSSION & ANALYSIS | REVIEW OF OPERATIONS Cityplaza HONG KONG At 31st December 2022, the top ten retail tenants (based Cityplaza on attributable gross rental income in the twelve months Cityplaza is the largest shopping mall on Hong Kong Island, ended 31st December 2022) together occupied with a total floor area of approximately 1.1 million square approximately 25% of the Group’s total attributable retail feet. The six-level mall has more than 170 shops and area in Hong Kong. restaurants, a cinema, an indoor ice rink and over 800 indoor parking spaces. Continued improvements to the The Mall at Pacific Place tenant mix, promotions and activities in the mall make it an The Mall at Pacific Place is in the mixed-use Pacific Place attractive place to shop, eat and be entertained. development. The offices and the four hotels at Pacific Despite the competitive environment, Cityplaza was fully Place provide a flow of shoppers for The Mall. let in 2022. New tenants were introduced including The Mall was almost fully let during the year. Despite American Eagle / Aerie, Fubon Bank (Hong Kong), challenging market conditions, enhancement to the retail LIFETASTIC, mi-tu, Marimekko, New Balance, O.N.S | kapok, tenant mix continued. New and experiential retail brands Polo Ralph Lauren, Skechers and XOVĒ. Cathay Pacific has were introduced. K-way, Max Mara, Omega, Reign Abalone, launched its first new retail concept store in Cityplaza. The Hawk & Aster / Elephant Grounds and Venchi became APiTA completed the major renovation on the ground floor tenants. Joyce took more space and opened its new with the introduction of two new restaurants (SENSU and flagship store. Burberry was relocated within The Mall. The Shiawase Yakitori) and unveiled an elevated and expanded premises occupied by adidas, Brooks Brothers, Chloé, La food hall, APITA Eatery. Newly renovated LOG-ON Mer, LensCrafters, Montblanc, Shanghai Tang, Vilebrequin, reopened with its new F&B, cafe ToGather by LOG-ON. Zadig & Voltaire were refitted. 44