240-244 Portland Street, Mong Kok, Kowloon, Hong Kong

MPM Plaza, Mong Kok

Description

JLL, as the exclusive lead agent, is pleased to present the exceptional opportunity to acquire MPM Plaza, a prime value add retail podium located above Mong Kok MTR station.

MPM Plaza currently features a diverse tenant mix primarily comprised of food and beverage outlets alongside mid-tier retail brands, and experiential shops. Anchored by an impressive line-up of tenants that include McDonald's, SaSa, and Don Don Donki, and 2 Cafe, comprising more than 94,000 square feet of retail space.

With consistently low vacancy rates, the property benefits from strong tenant retention—more than half of its current tenants hold lease renewal options—supporting ongoing stability and growth potential.

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Attributes

Building area gross

94,168 sf

Media

Investment Highlights

Highest Foot Traffic in Hong Kong: Location benefits from Hong Kong's highest pedestrian foot traffic, drawing a consistent blend of tourists and local residents.
Excellent Connectivity: Strategically positioned directly above Mong Kok MTR station (Exit E1), the property offers unparalleled transportation access with immediate proximity to a dedicated taxi stand, multiple bus terminals, and mini bus stops.
Nestled in Prime Urban Setting: Its prime urban setting is enhanced by proximity to Grade A commercial properties, including the prestigious Langham Place Office Tower.
Redevelopment Opportunity: There is a potential for redevelopment into a Ginza style commercial and retail asset by further amalgamating remaining units in the building.