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Link Reit

Murray now hosts a pop-up bazaar on weekends, but its decline exemplifies Hong Kong’s struggling retail recovery in the wake of the Covid-19 pandemic. Photo: May Tse

Hong Kong’s Murray House exemplifies city’s empty stores, fitful retail recovery

Vacancies across Central, Causeway Bay, Tsim Sha Tsui and Mong Kok down from peak in third quarter of 2022, but worse than in 2019.

  • Vacancies across Central, Causeway Bay, Tsim Sha Tsui and Mong Kok down from peak in third quarter of 2022, but worse than in 2019

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Hong Kong developer Chinachem names new CEO as Donald Choi sets retirement

Link Reit to fully acquire Shanghai mall from Vanke for US$331 million

Opinion | Why you should ‘buy Hong Kong’ despite the stock market slump

With foreign investors pulling out and the Hang Seng Index at a four-year slump, overlooked local firms delivering historically high dividend yields offer great value.

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An electric monitor shows the Hang Seng Index in Central on December 11 when it fell to 16,201 points, approaching the lowest level in 14 months. Although investors have reason to feel aggrieved, there are still stocks worth watching in Hong Kong. Photo: Edmond So

Link Reit’s Guangzhou mall opening shows commitment to China market: CEO

Hong Kong-listed Link Reit opened the newly renovated mall in Guangzhou’s Tianhe district in September, with CEO George Hongchoy denying rumours that the company plans to sell some assets in China.

Letters | Small businesses remain key to attractiveness of shopping malls

Readers discuss efforts to retain independent stores in shopping malls, and Hong Kong’s storm water drainage system

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Hong Kong claw machine store owner ‘devastated’ by uninsured HK$550,000 flood loss

Businessman Choi Kai-yip says he was told he would not be paid compensation after floods inundated his ground-floor store

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Choi Kai-yip, the owner of Yatta, a claw machine shop in Chai Wan, shows electronics wrecked by last week’s floodwaters. Photo: Oscar Liu

Rainstorm lashes Hong Kong forcing mall shutdowns; Link Reit, SOGO hit

Hong Kong’s heaviest rainfall since records began in 1884 forces several malls to close on Friday as several parts of the city are paralysed by widespread flooding.

Letters | ESG evaluations of social impact must reflect reality on the ground

Readers discuss an ESG report on a real estate investment trust, how the Hong Kong stock exchange can boost liquidity, and the city’s next generation of medical professionals.

Hong Kong IPO fundraising drops to 20-year low in first half of year

Hong Kong fell to ninth place in a global ranking of IPO venues, but analysts are optimistic the city can repeat last year’s performance and make a strong comeback in the second half of 2023.

Exchange Square, home of bourse operator Hong Kong Exchanges and Clearing, pictured on June 2, 2023. Photo: Xiaomei Chen

Why Hong Kong shopping-centre operators are racing to install EV chargers

Mall operators including Link Reit, Swire Properties, Henderson Land and Sun Hung Kai Properties believe EV chargers will help attract wealthy local shoppers as tourist spending continues to lag.

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Sun Hung Kai Properties plans to install super-fast EV chargers in 18 malls across Hong Kong by the second quarter of 2024. Photo: Lam Ka-sing

Green buildings hold the upper hand in Hong Kong’s property glut

Green certified buildings are giving developers and landlords a competitive edge as occupiers demand sustainability features, essential to meet a host of business and environmental goals.

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Link Reit’s US$2.4 billion cash call slams Hong Kong stocks on debt concerns

Link Reit, Asia’s biggest real estate investment trust, is asking US$2.4 billion from unit holders to help repay debt. Investors surprised by the cash call dumped the stock and other Hong Kong developers.

Link Reit seeks US$2.4 billion from rights issue to pay debts, buy assets

Asia’s largest real estate trust is seeking to raise about HK$18.8 billion (US$2.39 billion) in capital by way of a rights issue, an announcement that took some market observers by surprise.

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Link’s retail property in Guangzhou, recently rebranded as Link Plaza ⋅ Guangzhou. Photo: Handout

Hong Kong’s Link Reit buys Singapore shopping malls for US$1.6 billion

The real estate investment trust has made a foray into Singapore by agreeing to buy two suburban shopping malls there in what may be the biggest property deal in Southeast Asia this year.

The entrance to the Jurong Point shopping centre in Singapore. Photo: Wikipedia

Analysis | Hong Kong developers face HK$109 billion debt mountain as interest rates soar

As in the years from 1997 to 2003, a struggling housing market, slowing economy and surging interest rates are making the debt levels of the city’s home builders a cause for concern.

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Link Reit eyes more property in Australia, entry into Japan and Singapore

Rising interest rates are creating more potential investment opportunities for Asia’s largest real estate trust as it pursues greater international diversification.

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Hong Kong real estate trusts set up a guild to spur listings in the city

Link Reit, Yuexiu Reit and SF Reit have joined hands to co-found the Hong Kong Reits Association and build a collaborative platform for the city’s HK$210 billion (US$26.7 billion) Reit sector, and strengthen Hong Kong’s status as an international financial centre.

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From left, Lin Deliang, Yuexiu Reit’s CEO and HKREITA’s honorary founding president; George Hongchoy, Link Reit’s CEO and HKREITA chairman; and Hubert Chak, honorary founding president of HKREITA and CEO of SF Reit, at Thursday’s event. Photo: Handout

Hong Kong rent moratorium: Link Reit to hold off legal action against tenants

Link Reit, Asia’s largest real estate investment trust, said it would not immediately take legal action against tenants who owe rent following the end of a Hong Kong government enforced three-month ‘protection period’.

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Waste plastic food wrappers as you’ve never seen before in Hong Kong art

Art made from Hong Kong’s plastic waste – think styrofoam supermarket fruit wrappers and plastic egg cartons – is the hallmark of eco-artist Agnes Pang.

Concrete Analysis | Why community malls are crucial to the future of Hong Kong’s retail sector

With Hong Kong’s community malls performing well even in the midst of tough conditions, developers and owners of community shopping malls have found investors interested in buying them.

Crowds throng a shopping mall in Kwun Tong during the Good Friday holiday in April. Hong Kong’s large shopping malls have felt the pinch from the lack of overseas and mainland Chinese visitors. Photo: Xiaomei Chen

Swire Properties to offer rent waivers to Cityplaza, Pacific Place retail tenants

Rent waivers for retail tenants at Cityplaza and Pacific Place to run from the beginning of government-ordered closures until April 20 and are part of an ongoing tailored approach to assisting tenants affected by pandemic measures, Swire Properties said.

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Social-distancing measures to restrict the spread of the latest variant of Covid-19 have severely restricted foot traffic at restaurants and forced retailers to close, prompting Swire Properties, the landlord at Pacific Place, to announce a rent waiver for retail tenants. Photo: May Tse

Hong Kong’s retail landlords step up to offer rental relief for tenants

Hong Kong’s property developers and hotel owners are stepping up to offer their help, after Chinese President Xi Jinping instructed Hong Kong’s authorities to take the “main responsibility” in containing the so-called fifth wave of infections in the city.

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Coronavirus: city’s malls to lose up to 30 per cent of sales amid outbreak

Hong Kong’s uncompromising measures to contain the virus are likely to hurt retail sales in malls across the city, derailing a nice rebound in 2021.

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Australia property market ignores China snub as Singapore, US funds rush in

Investors are snapping up commercial properties despite lingering Canberra-Beijing tensions. Singapore and US funds have rushed in while Hong Kong-based investors have made their presence felt.

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An aerial view of Sydney, with the harbour bridge connecting the central business district to the wealthy suburbs in North Shore. Photo: Shutterstock

Link Reit invests in three Sydney retail malls before border reopens

Australia is reopening its borders to global visitors, a policy which may spur “sales and leasing activity in the hospitality, large-format retail and defensive industrial segments,” according to Colliers.

Exterior of the Queen Victoria Building (QVB) in Sydney. Photo: Handout

A quiet spot at theDesk’s co-working booths for the price of a coffee

The size of a typical phone kiosk, these booths or studios come equipped with a desk, bar stool, power sockets and Wi-fi access. And, as part of a pilot programme, access is free as of now.

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China’s first Reits make steady debut as investors hunt for stable yield

The nine Reits, which are linked to underlying infrastructure project, rose above their offer price on the first day of trading on the mainland’s exchanges.

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Link Reit
Link Real Estate Investment Trust (Link Reit) is the largest REIT in Asia by market capitalisation. It is managed by Link Asset Management, which owns and manages a portfolio including retail facilities, car parks, offices and logistics assets from Beijing, Shanghai and the Greater Bay Area, to Singapore, Melbourne and London. It was listed in 2005 as the first REIT in Hong Kong.
Chairman / President
Duncan Owen
CEO / Managing Director
George Hongchoy
CFO / Finance Director
Ng Kok Siong
Industry
Real estate, banking
Website
linkreit.com
Headquarters address
20/F, Tower 1, The Quayside, 77 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong
Stock Code
SEHK:823
Year founded
2004
last updated:
30 September, 2024
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