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MegaBox
All the BEST for MegaBox
BEST sets up Hong Kong's largest electrical and electronics centre

Hong Kong, September 25, 2006 - MegaBox Development Co. Limited today announced the addition of another mega tenant - Best Denki Co., Ltd., the largest electrical appliances company in Japan. Best plans to set up Hong Kong's largest electrical and electronics centre as its local flagship store in MegaBox. The lease agreement was signed today by Mr Chu Ip Pui, Executive Director, Kerry Real Estate Agency Limited; Mr Tom Tong, Executive Director and General Manager, MegaBox Development Co. Limited; Mr Kenichi Arizono, President and Mr Nobuchika Izawa, Director of Overseas Division, Best Denki Co., Ltd., and Mr T Katayama, Managing Director, Hong Kong Best Denki.

The 40,000-sq-ft "Best" flagship store will be located in the "FAMILYCircus" zone of MegaBox. It will showcase a wide array of the latest name-brand electrical and electronic consumer goods, making the shop a cutting-edge multimedia technology gallery, as part of Best Denki's pioneering retailing concept.

In addition to electrical and electronics goods, the "Best" flagship store will have several zones dedicated to niche products: a Home Theatre Section with high-end audio-visual equipment; a Hi-tech/Hi Fi Section showcasing premium-brand audio equipment; and an HDTV Section, where customers can experience the ultimate in high-definition TV. Another unique feature of the store will be a special relaxation area designed to enrich the customer shopping experience.

Mr Chu Ip Pui, Executive Director, Kerry Real Estate Agency Limited, noted at the signing ceremony: "Best is not only a new tenant of MegaBox, but also our best partner for tapping the huge market potential for a better quality of life through the application of quality electrical and electronics products. Once again, we deliver another proprietary element to the local retailing scene by bringing to customers a novel concept in electrical and electronics retailing. With Best's full range of the latest sophisticated products, MegaBox is poised to become the trendiest lifestyle attraction in East Kowloon."

MegaBox is Hong Kong's first 'TCM' Vertical Mega-Mall, a new retail and entertainment hot-spot destined to be a Hong Kong landmark. Ranging over 19 storeys across 1.1 million square feet of totally-connected retail space, MegaBox is scheduled for opening in mid-2007. This retail project is wholly owned and developed by Kerry Properties Limited (HKEx: 683). For more information on MegaBox, please visit www.megabox.com.hk.

Best Denki Co., Ltd. is the largest electrical appliances company in Japan. BEST provides customer-oriented services and the widest variety of electrical and electronic products under one roof. BEST currently has 530 stores across Japan and the world.

Press enquiries:
MegaBox Development Co. Limited
Caroll Li Tel: (852) 2318-6910 / Email: carollli@kerryprops.com
Carol Cheng Tel: (852) 2318-6913 / Email: carolcheng@kerryprops.com / Fax: 2967 1687

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Veronica Park/Jenny Lee/Jeannie Ng
tel: (852) 2511 8388 / fax: (852) 2511 8238


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