Property News · April 10, 2017

Link Reit shares fall after 4b yuan acquisition of Guangzhou shopping mall


Shares of Link Real Estate Investment Trust (Link Reit), which owns shopping centres, markets and car parks in Hong Kong fell after it announced it had bought a shopping centre in Guangzhou for 4.06 billion yuan (US$590 million).
The company announced on Sunday that it has purchased the retail property, Metropolitan Plaza, from Barrel Holdings (Cayman), which is indirectly owned by NH Vendor Guarantors, which has a 41.2 per cent stake, and GC Vendor Guarantor, which holds 58.8 per cent.
NH…

Source : South China Morning Post
Read more…Link Reit shares fall after 4b yuan acquisition of Guangzhou shopping mall