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Report: Link REIT to sell 17-mall Hong Kong portfolio for over HK$20B

Link Real Estate Investment Trust will sell its portfolio of 17 Hong Kong shopping centers to Gaw Capital Partners and Goldman Sachs for between HK$20 billion and HK$25 billion, the South China Morning Post reported, citing a source familiar with the deal.

The assets, which comprise 2.2 million square feet of retail space and over 8,000 car parking spaces, include the Cheung Hang Shopping Centre, the Kwai Fong Plaza and the Tsing Yi Commercial Complex in New Territories, as well as the Kai Yip Commercial Centre and the Lions Rise Mall in Kowloon, according to the Nov. 28 report.

In October, Link REIT was reported to have shortlisted Gaw Capital, Blackstone Group LP, KKR & Co. LP and certain Chinese investors as potential buyers of its Hong Kong retail properties.