By  on August 1, 2012

MAKING CHANGES: New World Development Company Limited, one of Hong Kong’s largest developers, will terminate its lease with Japanese department store Sogo at its underground Tsim Sha Tsui location. New World Development said it plans to redevelop the site but declined to provide further details.

Sogo will vacate the location in two stages, on or before December 1, 2012, and February 15, 2014.

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