Link Real Estate Investment Trust (Link REIT), the largest real estate investment trust in Asia, is considering selling its seven projects in the Chinese mainland, including six retail properties and one office building, according to The Paper (Pengpai News of China).
Based on Link REIT’s acquisition information, the properties were acquired in 2015 – 2021 for 28.3 billion yuan (US$4 billion). The value of Link REIT property in the mainland fell 8.5 percent last year.
Should the company sell all seven properties, it will have only five warehouses left in its China portfolio.
A spokesman for Link REIT said the story was “groundless.”
