LINK REIT

Overview

Link Real Estate Investment Trust (Link REIT) is a real estate investment trust managed by Link Asset Management Limited. Its core business is owning and managing a property portfolio centred on shopping malls and car parks, alongside office and logistics properties. Its stated objective is to create sustainable value for unitholders through active management, capital recycling and cost discipline.[1]+3

Hong Kong is its largest market, with additional retail properties in the Chinese Mainland, Australia and Singapore, and office properties in those markets and the UK. Its portfolio was valued at HK$223 billion as of 30 September 2025.[2]+2 [1]+4

Products & services

Link REIT’s principal offerings are retail premises in shopping centres and markets, together with car parking in Hong Kong. Its retail properties span Hong Kong, the Chinese Mainland, Singapore and Australia; examples include Sau Mau Ping Shopping Centre, Beijing’s Link Plaza Zhongguancun and Sydney’s Queen Victoria Building. Hong Kong car parks and related properties include car park/car-service centres.[6]+3 By portfolio value, Hong Kong retail accounts for 51.7% and Hong Kong car parks and related business for 20.3%; these are portfolio shares, not revenue shares.[10]

Link REIT also offers office and logistics space. Its property services include leasing, tenant-mix management and asset improvements: reported examples include reconfiguring retail layouts, recruiting new-concept tenants, and providing hardware upgrades and fitted-out office units at Link Square. It has also piloted a shopping-centre pick-up service.[11]+3 [6]+11

Geographic presence

Link REIT’s property portfolio spans Hong Kong, the Chinese Mainland, Australia, Singapore and the United Kingdom. As at 30 September 2025, Hong Kong retail properties accounted for 51.7% of portfolio value and Hong Kong car parks and related businesses for 20.3%. Chinese Mainland retail properties represented 10.7%, while retail properties in Australia and Singapore together represented 7.7%. The remaining 9.6% comprised office properties in Australia, Hong Kong, the Chinese Mainland and the UK, as well as logistics properties in the Chinese Mainland. These figures describe property value, not revenue by region.[5][3] [5][3]

Business segments

Link REIT presents its property portfolio by geography and use. Its principal categories are Hong Kong retail properties, Hong Kong car parks and related businesses, Chinese Mainland retail properties, and retail properties in Australia and Singapore. It also discusses office properties in Hong Kong, the Chinese Mainland and other markets separately.[17]+7

By portfolio valuation at 30 September 2025, Hong Kong retail accounted for approximately 51.7%, Hong Kong car parks and related businesses 20.3%, Chinese Mainland retail 10.7%, and Australia and Singapore retail 7.7%. These categories together represented 90.4% of the portfolio; other properties accounted for 9.6%. The percentages describe portfolio value, not revenue or net property income, and the categories should not be read as a formal list of financial-reporting segments.[10]+2 [17]+15

Company history

Link REIT was formed from a portfolio of shopping centres and car parks previously owned by the Hong Kong Housing Authority and listed on the Hong Kong Stock Exchange in 2005. In its early years, it focused on renovating and repositioning properties in that portfolio.[26]

The trust subsequently expanded beyond Hong Kong, beginning with an investment in Beijing in 2015. It later invested in Australia and entered Singapore through acquisitions completed in 2023, marking a shift from its original Hong Kong public-housing property portfolio to a broader regional portfolio.[27] [26][27]

Sources

• LINK REIT — Presentation (2025 Y)
  25 citations

  [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25]
• www.linkreit.com[26]
• www.linkreit.com[27]