Property News · June 6, 2018

Asia’s largest Reit will buy back 80 million shares after assets generate strong rental income


The Link Real Estate Investment Trust, Asia’s largest, said on Wednesday that it would buy back 80 million units worth about HK$5.8 billion (US$739 million) as it invests some of the HK$23 billion made from the divestment of some of its properties last year and stronger rental income from its portfolio.
Link, which owns 61,000 car parking spaces and 109 retail properties that are mostly near public housing estates, had sold 17 properties last November.
Link Reit sells 17 Hong Kong malls…

Source : South China Morning Post
Read more…Asia’s largest Reit will buy back 80 million shares after assets generate strong rental income

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