Central Walk, which has been acquired by Link REIT for RMB6.6 billion. (Photo: Google Maps)

Link REIT has warned that it will report a net loss the year ended 31 March 2020.

The loss is being reported against the backdrop of adverse consumer sentiments, and retail sales.

“It is expected that the business environment in Hong Kong and mainland China will remain challenging the near term until the spread of COVID-19 is effectively contained”, said the REIT.

Link REIT has a portfolio of properties across Hong Kong, China, and one property in Australia.

Missing out on information beyond mainstream media reports?
Login or sign-up for a free 25-day trial here.

Full access to all editorial materials
Be part of our community discussions
Full access to our courses and webinars

mm

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.