REAL ESTATE

Link Reit reports strong response from proposed property sales

PUBLISHED : Friday, 26 September, 2014, 10:55am
UPDATED : Friday, 26 September, 2014, 12:04pm

The Link Real Estate Investment Trust, Asia’s largest reit, has reaped strong response from the proposed sale of its five properties in Hong Kong.

The reit last month announced putting five properties for private tender, which closed on Thursday. It had been reported by Hong Kong media that it received 20 bids.

The Link Reit declined to comment on the number of bids on Friday morning. But the spokesperson said management was “satisfied with the response” and the winning bid would be announced in the coming days.

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

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