Hui Xian Real Estate Investment Trust expects to see stable organic growth from its core asset - the Oriental Plaza, a luxury hotel-office-retail development in Beijing's Wangfujing district.
Despite the European debt crisis and slowing economic growth in China, the manager of the reit - Hui Xian Asset Management - is considering additions to its portfolio by making acquisitions in other mainland cities.
"The new acquisitions are not necessarily owned by Cheung Kong," said Tom Cheung Ling-fung, who became chief executive on July 1.
Cheung said the asset manager received many offers from agents and consultants of projects in different cities.
Hui Xian Reit is controlled by Cheung Kong (Holdings) and Hutchison Whampoa. Units in the reit began trading on April 29 last year. It was the first Hong Kong reit to be denominated in yuan.
At the end of last year, the reit bought a 70 per cent stake in a Shenyang hotel from Cheung Kong for 980 million yuan (HK$1.2 billion) - its first acquisition since it was listed in April last year.