Link Reit sells HK properties in red-hot market

Gaw Capital and Goldman Sachs beat off fierce competition from other suitors who were keen to own assets in the city sheltered from a downturn in mainlanders’ spending.

Link Reit sells HK properties in red-hot market

Link Real Estate Investment Trust Link Reit has agreed to sell a portfolio of local shopping malls to private equity firm Gaw Capital and the investment arm of Goldman Sachs for HS$23 billion $2.9 billion.

The high valuation for the 17 properties achieved by the largest listed Reit in Hong Kong shows that the city’s property market remains red hot. Demand is feverish across the all sectors of the property market from residential...

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