8 June 2019
The Weekly

Categories: Department Stores

China

Parkson Retail Group has inked another lease agreement to ensure the continuation of its retail operation on the premises of the China National Arts and Crafts Museum in Beijing. The department store operator held the signing with China National Arts and Crafts Group Co Ltd on Thursday to lease 189 sq metres outside the south gate of Xu Room on the museum’s first floor for the period from June 7, 2019, to Dec 6, 2021. Total rental payable is about 2.5 m yuan (RM1.5 m), and the rental will be paid on quarterly basis. In February, the group had inked seven lease agreements with the same landlord to lease other areas of the museum totalling 23,887.23 sq metres for periods up to Nov 30, 2028.

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