Champion REIT banks on high rental growth to lift its IPO
The first Hong Kong REIT to offer prime office space in Central should benefit from an expected shortage of supply in the segment.
Hong KongÆs first real estate investment trust to hit the market this year will aim to raise up to HK$7.1 billion $915 million and offer investors a 2006 yield between 4.84% and 5.57%. The official roadshow kicks off today.
Champion REIT, which is sponsored by Great Eagle Holdings, will be Hong KongÆs first REIT to have only one property in its portfolio at the time of listing. However, the fact that this sole property is a Grade A...
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