Champion Reit

Sprint on to bid for Mong Kok's 'Sneaker Street' site

More than a dozen developers have expressed interest in the Urban Renewal Authority's commercial and residential project in Mong Kok's 'Sneaker Street'.

Tuesday, 24 July, 2012, 12:00am

Sunlight plans sell-off to tighten focus of portfolio

The Sunlight Real Estate Investment Trust aims to reposition its portfolio by selling four office and retail properties, providing capital for future acquisitions.

27 Jun 2012 - 12:00am

Demand for office space raises growth outlook

Increased demand for office space and the trend for businesses to relocate to Hong Kong's up-and-coming areas will help Prosperity Real Estate Investment Trust (Prosperity Reit) build on the solid financial foundations it has established in recent years.

5 Sep 2011 - 12:00am

Robust retail sector drives growth

Strong retail sales in Hong Kong have helped shopping-mall focused Fortune Real Estate Investment Trust record an 8 per cent increase in revenue to HK$446.8 million in the first half of this year compared with the same period last year.

8 Aug 2011 - 12:00am

Champion Reit distributable income falls 17.4pc

Champion Real Estate Investment Trust expects a better performance this year after its distributable income dived 17.4 per cent last year because of the delayed impact of the global financial crisis.

22 Feb 2011 - 12:00am

Great Eagle's underlying earnings soar 28.4pc

Great Eagle Holdings said underlying profit rose 28.35 per cent last year to HK$1.15 billion, thanks to the sale of Langham Place to its property trust, but analysts are cautious on its outlook amid the deteriorating hotel and property markets.

24 Mar 2009 - 12:00am

Champion Reit seeks HK$12.9b for purchase

Champion Real Estate Investment Trust plans to raise HK$12.9 billion from bond and share sales and bank borrowings to fund the HK$12.5 billion purchase of Langham Place from parent Great Eagle Holdings. Champion Reit says it will sell HK$2.81 billion worth of shares to Great Eagle and place HK$2.96 billion worth to other investors.

29 May 2008 - 12:00am

Great Eagle profit soars on rental income

Great Eagle Holdings, a key hotel operator and landlord in Hong Kong, said underlying profit jumped 36.4 per cent last year thanks to higher rental income amid the city's economic boom.

3 Apr 2008 - 12:00am

Champion aims to strengthen portfolio

Eagle Asset Management is looking to strengthen the asset portfolio of the real estate investment trust (reit) it manages. Its Hong Kong-based unit trust, Champion Reit, which was listed in the second quarter of 2006, owns 95.7 per cent of the rentable area of Citibank Plaza in Central.

17 Mar 2008 - 12:00am

Great Eagle soars on Langham deal

Shares of Great Eagle Holdings soared 12.19 per cent yesterday as investors speculated the company would hand out generous dividends after the proposed sale of the office tower and retail arcade of its Mong Kok property for HK$12.5 billion.

The stock gained HK$2.95 or 12.19 per cent to end at HK$27.15, beating the 0.53 per cent gain in the Hang Seng Index.

16 Feb 2008 - 12:00am

Champion Reit to buy Langham Place assets

Trust offers HK$12.5b for second property

Champion Real Estate Investment Trust, controlled by Great Eagle Holdings, yesterday proposed to acquire the office tower, retail mall and car park at Langham Place in Mong Kok from Great Eagle Holdings for HK$12.5 billion.

15 Feb 2008 - 12:00am

HK$283m buys Asia's most expensive flat

The sale by Kerry Properties this month of a 7,088 sq ft penthouse in Mid-Levels for HK$283 million means Hong Kong still sports the most expensive high-rise apartments in Asia.

24 Nov 2007 - 12:00am

Bullish market sees SHKP await right timing to revive reit

Sun Hung Kai Properties (SHKP) would consider reviving its real estate investment trust public offering next year if market conditions were appropriate, executive director Michael Wong Yick-kam said.

'We will re-examine the possibility of launching a reit once the right time approaches,' Mr Wong said.

26 Sep 2007 - 12:00am

Great Eagle earnings soar on first Champion Reit contribution

Great Eagle Holdings, a hotel and investment property firm controlled by the Lo family, said its first-half net earnings rose sixfold, thanks to the first contribution from Champion Real Estate Investment Trust and lower financing costs.

Net profit for the six months to June totalled HK$613.81 million, compared with HK$101.6 million a year earlier.

19 Sep 2007 - 12:00am

Prosperity Reit raises dividend by 10.7pc

Prosperity Real Estate Investment Trust, controlled by Cheung Kong (Holdings), increased its first-half payout per unit 10.7 per cent from a year earlier after reporting distributable income of HK$81.33 million.

16 Aug 2007 - 12:00am

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