Link REIT mulling sale of six assets with HK$1.4bn market value

The tender could begin by September.

Following on from Link’s acquisition of the Lions Rise Mall from Kerry, the Hong Kong Economic Times reported that the Link REIT is in the process of tendering six assets for sale.

According to a research note from Barclays, the six assets are located in the Tseung Kwan O, Sheung Shui, Tuen Mun and Ngau Chi Wan districts and have a market value around HK$1.4bn.

The report said that the tender could begin as early as next week and may close in October.

Here’s more from Barclays:

On 22 August 2014, Link issued an announcement to clarify that it has appointed Savills (Hong Kong) Limited with a view to dispose of five properties by private tender.

These include: the retail and car park within Choi Fai Estate, the retail and car park within Choi Ha

Estate, the Siu Lun Shopping Centre, the Tin Ping Shopping Centre and The Tsui Lam Shopping Centre.

Tentatively, the private tender is schedule to close on 25 September 2014.