Link Asset Management has secured a five-year sustainability-linked loan of HKD$1 billion from Hong Kong’s OCBC Bank, its first such loan in HKD.
Link Asset Management has recorded a US$2.2 million paper loss due to property revaluations, in a trading year when revenue rose 6.8 per cent to $1.38 billion.
One of Hong Kong’s largest retail landlords, Link Reit says Covid-19 will push its bottom line into the red this year as it compensates struggling retailers and takes a hit on property valuations.
Hong Kong Reit Link Asset Management has signed an AU$212 million (US$123 million) five-year sustainability-linked loan with DBS Bank.
Link Reit has introduced measures to support its tenants and lift customer spending in Hong Kong in a move to offset the impact of the coronavirus crisis.
Hong Kong mall owner Sun Hung Kai Properties, along with several other retail landlords in the territory, are offering rental concessions and other relief initiatives to tenants during the coronavirus outbreak.
Shares in listed Hong Kong shopping-centre owners have been buffeted in the wake of escalating pro-democracy protests.
Hong Kong property company Link Reit says it will continue to divest properties in its portfolio – and acquire new ones – as part of its new Vision 2025 strategy.
Following a major makeover, the former Fu Cheong Shopping Centre has been reimagined under a new name – Nam Cheong Place.
A Hong Kong politician’s attempts to meddle in the commercial operations of Link Reit appears to be foundering.
Growing public unease about asset sales by shopping centre owner Link Reit has prompted a series of site visits by members of the Legislative Council.
Link Asset Management has bought Centralwalk shopping mall in Shenzhen’s CBD via its real estate investment trust.