Nicholas Allen, chairman of the Board of Link, recently said that the firm’s Vision 2025 builds on the company’s leading position in Hong Kong and Mainland China real estates and sets out the company’s vision and strategic objectives to become a respected regional player.
“Cultivating a culture of excellence and creativity are cornerstones to the success of our Vision 2025. We are committed to providing strong career development for our people and introducing technological innovation to our operations.”
George Hongchoy, Chief Executive Officer of Link, said, “We strive to achieve Vision 2025 by focusing on portfolio growth, targeting high single-digit compound annual growth in portfolio value and sustainable DPU growth while maintaining our strong credit ratings. We aim to provide our unitholders with an attractive long-term investment with growth potential.”
Link aims to maintain a resilient portfolio with sustainable growth and is strengthening its asset portfolio by acquisitions, strategic divestments, development and leveraging on capital management opportunities. It also pursues a capital recycling strategy to ensure it continues to have a high quality portfolio supported by a sound capital structure.
Currently, Link focuses on well-located, high-quality retail and office properties with growth prospects. Link REIT’s gearing ratio stands at a healthy level of 10.7%, which allows Link to look for growth opportunities through acquisitions.
“Our core business and expansion priority remain in Hong Kong, while we actively look at inorganic opportunities in Mainland China’s tier-one cities and their surrounding river delta areas,” Mr Hongchoy said. At present, Mainland assets account for 13.2% of Link REIT’s $218 billion asset portfolio.