Property News · July 26, 2017

Link REIT may sell 20 Hong Kong shopping malls to take advantage of record property prices


Link REIT, Hong Kong’s first real estate investment trust, is considering a plan to sell more than 20 retail shopping centres around the city, the latest landlord to put its property portfolio on the market, after a crucial land sale in May established a new benchmark for commercial prices in the world’s most expensive market.
The sale, which would be Link REIT’s largest asset disposal since its 2004 establishment, could raise between HK$15 billion and up to HK$20 billion (US$…

Source : South China Morning Post
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