International real estate firm Savills is delighted to announce the swift and successful completion of the leasing transaction of Shop G on G/F & C/F & 1/F, 2F and 3/F, Golden Hall Building, Nos.49 – 63 Castle Peak Road – Yuen Long (“the Property”), with a lettable area of approximately 21,850 square feet.
The Property has long been a landmark location on Yuen Long’s main road. It previously housed the flagship store of Joint Publishing, a comprehensive bookstore that integrated reading, lifestyle and culture, complete with a café and cultural events. After the lease expired, the space was occupied by a major furniture retail chain.
The new tenant, a listed education group, has leased this prime retail space with the long-term goal of expanding its campus network in the Northern Metropolis, providing a richer and more diverse range of quality educational resources. The leased Property is a spacious three-level retail unit located in the busiest section of the main road, featuring its own dedicated entrance and private elevator. The education group plans to transform the space into a new school campus as part of its strategic expansion in secondary education.
The upgraded campus will offer full-time private international high school programs and will be supported by a professional university admissions advisory team, dedicated to helping students enhance their academic performance and personal profiles, thereby strengthening their competitiveness for admission to top universities worldwide.
Mr. Keith Wong, Associate Director, Investment at Savills Hong Kong said, “The leasing offer received an overwhelming response, attracting numerous inquiries. The listed education group has long maintained strong relationships with major landlords, enjoys an excellent brand reputation, and possesses extensive experience in school operations. Ultimately, leveraging its solid strength as a leading education chain, the group stood out among many competitors and successfully secured this prime Property at a reasonable rent. Both parties demonstrated strong willingness to collaborate, swiftly concluding the transaction.
We are delighted to assist our client in achieving this strategic expansion. This not only reflects the continued demand for quality educational spaces but also underscores investors’ and operators’ confidence in the growth potential of education enterprises within the Northern Metropolis.”
It is reported that the group is BExcellent Group and is also the parent company of the adjacent Beacon College.