Link Real Estate Investment Trust (“Link REIT”) is the first real estate investment trust listed in Hong Kong, and currently Asia’s largest REIT and one of the world’s largest retail focused REITs in terms of market capitalisation. Wholly owned by private and institutional investors, with 100% free float, Link REIT has been listed on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) since 25 November 2005 (stock code: 823). Link REIT is a constituent stock of the Hang Seng Index.
Spanning Hong Kong, Beijing and Shanghai, the portfolio
owned by Link REIT consists of properties with about 10 million sq ft of retail space, around 72,000 car park spaces, and a project under development in Hong Kong, as well as properties with about 1.8 million sq ft of retail and office space in Mainland China *. The portfolio’s retail facilities primarily serve the daily needs of our shoppers, while office properties support corporate tenants to develop their business. The car parks mainly serve tenants and customers of the retail facilities and residents of the surrounding neighbourhoods.
Link REIT is a unit trust authorised by the Securities and Futures Commission (the “SFC”) under section 104 of the Securities and Futures Ordinance ("SFO") and regulated by the provisions of the Code on Real Estate Investment Trusts. It adopts an internal management structure whereby the portfolio of properties it owns is managed by Link Asset Management Limited (the “Manager”) which is licensed by SFC to conduct the regulated activity of asset management. Under the internal management structure, the Manager is a part of Link REIT.
(i) No fee is charged on acquisition, disposal, or as a percentage of assets under management or performance-based.
(ii) Special purpose vehicle holding directly and indirectly all the properties of Link REIT.
Business Model of Link REIT