With reference to the Legislative Council Panel on Housing’s discussion recently on Link Real Estate Investment Trust’s disposals of properties divested by the Hong Kong Housing Authority, the company recently said that Link Asset Management Limited (Link), as the manager of Link Real Estate Investment Trust (Link REIT), has provided relevant information to the Panel through a submission to facilitate the meeting’s discussion.
The submission says that Link hopes to assure Panel members that it has been working hard to improve the lives of those around its properties and create value for different stakeholders, and that it has exercised due care in ensuring a smooth transition when disposing of assets.
“From our home in Hong Kong, we aspire to be a world-class real estate investor and manager. To achieve this objective, we proactively manage our portfolio via Management, Enhancement, Acquisition, Investment and Development,” the company said. “We strive to build a productive portfolio and maintain a balanced capital structure, while at the same time we endeavour to help our communities flourish and improve the lives of those around our assets.”
The company also said that it creates value for its tenants. “Since Link REIT’s listing in 2005, we have completed 71 asset enhancement projects with a total investment of over $7 billion to improve the shopping environment. As a result of the increasing tenant demand, the occupancy rate of our Hong Kong portfolio rose from 89.3% in 2008 to 95.5% in 2018.”