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LHN secures its first overseas carpark management contract in HK

Monday, May 22, 2017 - 18:43

REAL estate management services group LHN Ltd has secured its first overseas carpark management contract in Hong Kong, the group said in a Singapore Exchange filing on Monday.

The three-year contract was awarded by The Government Property Agency (GPA) to the group's recently incorporated and wholly-owned subsidiary, LHN Parking HK Ltd, and will commence on May 29, 2017.

GPA manages and optimises the use of all government sites and properties in Hong Kong.

The new addition brings the total number of carpark properties under LHN's management to 42, including 41 existing ones in Singapore.

This latest development comes ahead of the group's recently announced proposed dual listing in Hong Kong, which had followed an earlier announcement that it was looking for opportunities to expand its space optimisation and real estate management expertise into the China market.

sentifi.com

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