Its launch on ice, the Link's opulent office for investor relations is not needed now It was supposed to be the place for the Link Reit's investor relations department. But since there are no investors - and may not be for some time to come - the office space looks set to go. For the few Link staff now working on the underused 3,000 sq ft third floor of No 8 Queen's Road Central - one of two floors it leases there - that means a transfer to a less prestigious locale: the Link's headquarters in Wong Tai Sin. Shelving the lease will save the Housing Authority $84,000 a month, property agents estimate. Explaining the likely move, the authority's Kenneth Mak Ching-yu said: 'We are considering having just one floor as we don't really need all this space yet and can save some money on rent. 'We were planning to take on more staff to handle investor relations and corporate finance, but we have stopped hiring all extra staff for now.' News of the possible pullout comes a day after the woman who challenged the reit won her appeal to be granted legal aid to take her case to the highest court. Public housing tenant Lo Siu-lan, 67, has until Thursday to file notice of an appeal against the decisions of two lower courts to throw out her case. She contends the privatisation of Housing Authority car parks, shopping centres and markets worth $32 billion through the sale of shares in a real estate investment trust will disadvantage her. Ms Lo's court action forced the last-minute shelving in December of the reit's initial public offering. The authority may need to find a tenant willing to take on the unwanted office space for three years at current prices - about $33 per square foot, according to leasing agents. The Link Reit's legal difficulties may have opened the way for Li Ka-shing's Singapore-listed Fortune Reit to become the first reit to list in Hong Kong. Cheung Kong (Holdings) executive director Justin Chiu Kwok-hung said Fortune Reit, which has a portfolio of Hong Kong properties, was still seeking a secondary listing in Hong Kong, which he hopes will materialise by the end of this year. His comments came after Fortune Reit, in which Cheung Kong holds a 30 per cent stake, announced the $3.4 billion acquisition of six Hong Kong shopping malls in second-tier areas, including City One in Sha Tin and The Waldorf Garden in Tuen Mun. The new properties will nearly double its existing portfolio. Shares in Fortune Reit have risen 8 per cent since the beginning of the year and now offer a dividend yield of 4.82 per cent, based on its latest close of $6.80 on Thursday.