Share
The LG floor of Temple Mall North will reopen to the public on 31 October following 54 days of restoration. From the right: Sammy Shek, Assistant Manager of Property Management (HK) at Link; Orr Chun-ping, Chairman and CEO of Taste of Asia Group; William Lai, Managing Director of Property and Car Park Management (HK) at Link; Max Wong, Managing Director of Project and Engineering (HK) at Link; Gary Fok, Managing Director, Leasing (HK) at Link, Eric Ho, General Manager, Repair and Maintenance of Property Management (HK) at Link; and Tracy Liu, Senior Officer of Property Management (HK) at Link.
Link Asset Management Limited (Link) today (Monday) announced that Temple Mall North's LG floor, which suffered severe flooding during the black rainstorm alert on 8 September 2023, will reopen tomorrow (31 October). Two escalators connecting the B3 exit of Wong Tai Sin MTR Station to the ground floor of the mall will also resume service. Ten shops of eight tenants on the LG floor have commenced renovations and aim to resume business incrementally in November at the earliest.
Link’s Chief Executive Officer, George Hongchoy, said, “I am grateful for the dedication and contribution of our staff and other service providers during the restoration, which enabled the LG floor to be restored in just 54 days after flooding, demonstrating their high efficacy and Link’s strong capability in managing our assets. I would also like to extend my gratitude to our tenants for their trust in us, as well as to nearby residents who were patient and understanding during the mall restoration.”
During the rainstorm on 8 September, significant amounts of runoff from nearby higher ground poured into Temple Mall North, resulting in flooding on the LG floor, which eventually became submerged at about 10am, with water levels reaching 2.9 metres. To drain the excess water, Link arranged six pump trucks and 15 submersible pumps, which together removed about 10 million litres of water – equivalent to the volume of four standard swimming pools.
Link will continue to work closely with stakeholders in the community to ensure its properties are prepared to appropriately address the impacts of climate change and to ensure the safety of the public.
Appendixes:
-End-
About Link
Link Real Estate Investment Trust (Hong Kong stock code: 823) is the largest REIT in Asia by market capitalisation. It is managed by Link Asset Management Limited, a leading real estate investor and asset manager in the world. Since its listing in 2005 as the first REIT in Hong Kong, Link REIT has been 100% held by public and institutional investors. It is a constituent of the Hong Kong securities market benchmark Hang Seng Index, as well as a component of the Dow Jones Sustainability Asia Pacific Index, the FTSE4Good Index Series and the Hang Seng Corporate Sustainability Index. From its home in Hong Kong, Link Asset Management Limited owns and manages a diversified portfolio including retail facilities, car parks, offices and logistics assets spanning from China’s Beijing, Greater Bay Area (Hong Kong, Guangzhou and Shenzhen), and Yangtze River Delta centred around Shanghai, to Singapore, Australia’s Sydney and Melbourne and the UK’s London. Link Asset Management Limited seeks to extend its portfolio growth trajectory and grasp expansion opportunities in different markets in pursuit of sustainable growth.
For details, please visit https://www.linkreit.com.