New | Link Reit sells five properties

The Link Real Estate Investment Trust, Asia’s largest reit, said it has sold five of its properties in Hong Kong for HK$1.72 billion.

Last month, the reit announced putting the five properties on a private tender, which closed on Thursday. It was reported to have received 20 bids.

The properties sold are the retail portion and parking spaces in Choi Fat Estate and Choi Ha Estate in Choi Hung, Siu Lun Shopping Centre in Tuen Mun, Tin Ping Shopping Centre in Sheung Shui and Tsui Lam Shopping Centre in Tseung Kwan O.