Link REIT is disposing 12 of its properties across Hong Kong for a total consideration of HKD12.01 billion (USD1.5 billion).
The REIT has entered into agreements with a consortium led by Gaw Capital Partners for the transaction.
The sale consideration is the highest offered for the properties, and represents a premium of approximately 32.1% to the properties’ appraised value as at 30 September 2018.
Link REIT will realise a net disposal gain of about HKD2,787.6 million from the sale.
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