Chancellor considers land value tax to replace business rates July 28, 2020 — Link Asset Management Limited (Link), the manager of Link Real Estate Investment Trust announced that it has agreed to acquire The Cabot, 25 Cabot Square, based on agreed property value … Link REIT exchanges on £380m London debut 27 Jul 2020 | by James Buckley London office market lifted by the capital's biggest deal of 2020 Asia real estate and outbound investment newsLink CFO Ng Kok Siong (left) stands with Nicholas Allen and George Hongchoy at the earnings conferenceHong Kong’s Link REIT survived a steep downturn the city’s retail sector in 2019, recording a 5.6 percent rise in revenue to HK$10.7 billion ($1.4 billion) for the year ending 31 March 2020. While the shift to buying online looks set to continue, analysts see the trust’s properties scattered among Hong Kong’s housing estates as more resistant to online competitors in providing household necessities.“There is no magic recipe for improvement for Link REIT, but given their profile they are well positioned to continue delivering good quality local retail services to Hong Kong residents,” Hawkey said, adding that if the growth of online shopping continues post-COVID-19, it will be a negative for neighbourhood retail.Link REIT’s Fong said that she believes, however, that if the REIT’s Hong Kong retail properties continue to provide the “right shopping environment” and an “attractive tenant mix”, shoppers will come back once confidence about being in crowded places returns.With Hong Kong’s unrest predicted to continue following the passing of new legislation restricting civil liberties, Link REIT said it is targeting assets outside of the Asian financial hub as it looks to redistribute its portfolio away from the region’s most expensive city.Over the long term, the trust expects Hong Kong to account for between 70 percent and 75 percent of its portfolio value – down from 85 percent as of 31 March 2020 – while increasing its mainland portfolio from 13 percent to around 20 percent, according to Link REIT’s final results The trust also reiterated in its results announcement that it will look at mining Australia, Singapore, Japan and the UK for acquisitions, as it aims to top up its overseas portfolio from 1.7 percent to 10 percent.While Link REIT said retail will remain its focus, it is seeking to up its office quotient from its current 9 percent to between 15 and 20 percent of its total assets by 2025.This site uses Akismet to reduce spam.
Capital & Centric secures funding for £54m Liverpool film studioAmazon to up warehouse capacity by 50%Industrial and logistics sector isn’t immune to COVID falloutTemasek’s $3bn bid for Keppel may hit the buffersManchester pushes back on co-livingWeak property forecasts drive impairment provisions at Lloyds and NatWestGCP Student hit by lower bookings and WeWorkPets at Home leases giant West Midlands warehouseKorean investors could have wings clipped as regulators threaten overseas reformHenderson Park sells Irish office for €94m THE BUSINESS TIMES Link REIT - Find Link REIT News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. Link REIT, Asia’s largest real estate investment trust, has bought a Canary Wharf office block for £380m. 2020-06-11T11:58:00. Link REIT and Allinfra announce an agreement to collaborate on the use of blockchain technology for the tokenization of assets Sep. 22, 2019 at 9:00 p.m. About Slate Office REIT (TSX: SOT.UN) A new era of property management: What does the world of hybrid remote working hold? US law firm puts 150,000 sq ft London HQ move on ice Second surprise suitor revs up to buy Lambert Smith Hampton Korean investors could have wings clipped as regulators threaten overseas reform News Link REIT secures HK$1bn green loan. ET on PR Newswire - PRF Link … Florence Chong speaks to Link CEO George Hongchoy Rick Stein’s landlord intervenes to save business Lambert Smith Hampton suitor in legal dispute with former employer Link Reit, Asia’s largest real estate investment trust, is discussing rent relief with tenants at 10 of its malls in Hong Kong, it said during the announcement of its interim results on Wednesday. During the 2019-2020 financial year, Link REIT achieved an increase in income from its new leases of 12.1 percent, according to its annual report. Link Real Estate Investment Trust (0823) chief executive George Hongchoy Kwok-lung said the worst has passed for tenants and Link REIT is willing to cut rents to maintain a high occupancy rate. Magazine Link REIT: Hong Kong’s retail giant. A replay will be accessible until August 14, 2020 via the REIT’s website or by dialing (416) 621-4642 or 1 (800) 585-8367 (access code 9997944) approximately two hours after the live event.
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