Fortune REIT property, Fortune Metropolis. (Photo: Google Maps)

Amid challenging business conditions in Hong Kong, Fortune REIT is seeing negative rental reversions for the first time ever.

However, the REIT contends this to be an inevitable outcome given its focus on retaining tenants, and keeping occupancy at its properties above 90%.

Fortune REIT is a Hong Kong-listed retail REIT with a portfolio of 16 assets, comprising 3.0 million square feet of retail space, and 2,713 car parking spaces.

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By Shariffa Al-Habshee

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