Link REIT completes disposal of 17 properties across Hong Kong for USD2.9 billion

0

Asia’s largest REIT, Link REIT, has announced the completion of a divestment which saw it drop 17 properties across Hong Kong from its portfolio.

The properties were sold to a consortium led by Gaw Capital Partners through a competitive sale, for a total consideration of HKD23 billion (USD2.9 billion).

Collectively, the consideration represents a premium of approximately 52% over the properties’ collective appraised value as at 30 September 2017, said the REIT.

Read: Link REIT disposes 17 properties as part of strategic review

To read the full article, please login or register.

Share.

Comments are closed.