The Business Times
business-time-50
TOPLINE

Asia’s largest Reit looks to get even bigger as it expands outside of Hong Kong

George Hongchoy, CEO of the manager of Link Reit, sees opportunity to acquire assets in times of crisis

google-preferred-sourceAdd BT as a preferred source
Jude Chan

Jude Chan

Published Mon, Jan 16, 2023 · 05:50 AM
    • “There's a lot of room in this region... to continue to build a portfolio," says George Hongchoy, CEO of the manager of Hong Kong's Link Reit.
    • “There's a lot of room in this region... to continue to build a portfolio," says George Hongchoy, CEO of the manager of Hong Kong's Link Reit. PHOTO: YEN MENG JIIN, BT

    HONG KONG-LISTED Link Real Estate Investment Trust (Link Reit), which announced its entry into Singapore as 2022 was drawing to a close, is raring to sink its teeth into more asset acquisitions as it continues to diversify.

    The Reit came to market in 2005 with an initial public offering (IPO) portfolio of 180 shopping centres and car parks located in Hong Kong.

    A decade later, in 2015, it made its first foray out of the port city into mainland China.

    ToplineReitsHong KongLink ReitSpotlight

    TRENDING NOW

    The 99-year leasehold Berlayar Drive site can yield about 415 private housing units.

    Hong Leong, GuocoLand JV sole bidder for condo plot on former Keppel Club site

    Nvidia is building ever-larger chips with billions of transistors and increasing amounts of high-bandwidth memory attached.

    Nvidia will soon face a chip limit, warns Huawei’s top scientist

    Yeoh Pei Xien is the youngest grandchild of Yeoh Tiong Lay, who founded Malaysian multinational conglomerate YTL Corporation.

    Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart

    Developments that are between 40 and 59 years old would need at least 70% of owners to agree to go ahead, down from the current 80%.

    Lower consent hurdle among changes proposed for en bloc sales to spur redevelopment, protect minority owners

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More