Latest news with #RussellStreet
RNZ News
7 days ago
- Automotive
- RNZ News
Driver seriously hurt as vehicle crashes into house
The scene of the crash on Friday morning. Photo: RNZ / Jimmy Ellingham The driver of a car that crashed into a house in Palmerston North has been taken to hospital with serious injuries. The vehicle crashed on the corner of Russell and Titoki streets, in the central city, about 7.10pm on Thursday. A police spokesperson said only one car was involved, and there were no road closures. No arrests have been made and police inquiries into what happened were continuing. On Friday morning wooden boards had been nailed up to cover the damage to the house, while a piece of the property's fence was missing. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
South China Morning Post
16-07-2025
- Business
- South China Morning Post
Skechers to occupy former Patek Philippe space on Hong Kong Causeway Bay's Russell Street
Skechers, an American footwear and apparel company, is taking advantage of a slump in Hong Kong's retail market by filling a space previously occupied by high-end Swiss watchmaker Patek Philippe on Causeway Bay's Russell Street, one of the city's most expensive shopping strips. A 1,036 sq ft shop on the ground floor of 50-52 Russell Street was leased to Skechers for three years at a monthly rent of HK$360,000 (US$45,860), or HK$347 per square foot, according to Rickey Chan, managing director of Dorbo Realty. Agents said Patek Philippe's lease had it paying HK$550,000 a month, meaning Skechers was paying 35 per cent less than the Swiss watchmaker, though the monthly rent once surged to HK$1.86 million when the market was at its zenith. In 2018, at the peak of the market, tenants along Russell Street, which stretches for 250 metres, paid as much as an average of US$2,671 per square foot in annual rent, beating global shopping strips like the Champs Elysees in Paris, Omotesando in Tokyo and Fifth Avenue in Manhattan, according to Cushman & Wakefield. The Skechers lease was the latest shake-up in the tenant mix of Causeway Bay, one of Hong Kong's four core shopping districts, as the city's retail industry grapples with challenging economic conditions and the changing spending habits of locals and tourists.
