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Link Reit eyes more property in Australia, entry into Japan and Singapore, as it seeks to diversify from Hong Kong

  • Rising interest rates create more potential investment opportunities across the region for Asia’s largest real estate trust, COO says
  • The trust is pursuing greater international diversification as the Hong Kong and mainland China markets continue to struggle under Covid-19 restrictions

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People jog in view of the skyline in Sydney, Australia on September 2, 2020. Photo: EPA-EFE
Cheryl Arcibal
Hong Kong-based Link Reit, Asia’s largest investment trust, is on the hunt for good commercial real estate deals in Australia, Japan and Singapore amid the current global environment of rising interest rates, according to a company executive.
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“We are always active in looking for opportunities, but we are very selective about the opportunities we do complete,” said Greg Chubb, Link Reit’s chief operating officer, international.

“The new geographies in the region that we’re investigating are Australia, Singapore and Japan. We recently opened our regional office in Sydney and we’re looking at a number of different opportunities across the region. We have been very consistent in stating our interest in those markets, and we hope to grow in Australia, and potentially Singapore, potentially Japan.”

So far, the trust has 10 assets overseas: eight in Sydney and one each in Melbourne and London, on top of the 151 properties it owns in Hong Kong and mainland China.
A view of The Galeries, a retail property in Sydney. Link Reit bought a 50 per cent interest in the asset, along with two other Sydney retail properties, in November 2021. Photo: Handout
A view of The Galeries, a retail property in Sydney. Link Reit bought a 50 per cent interest in the asset, along with two other Sydney retail properties, in November 2021. Photo: Handout

Except for Japan and the mainland, all of the trust’s markets and potential markets have seen rising interest rates, which can create opportunities for investors who are looking to acquire assets from those who may want to exit or dispose of investments.

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