HK's Link REIT firms as co enters Australian market with $471 mln property buy

Link Real Estate Investment Trust

20/12/2019 02:05

** Units of Hong Kong-based Link Real Estate Investment
Trust  0823.HK  (Link REIT) climb 2.9% to HK$81.15, their
highest since Dec. 9 
    ** Says its subsidiary has agreed to buy an office property
in Sydney, Australia for about A$683 mln ($470.6 mln), marking
Link REIT's first acquisition outside Hong Kong and mainland
China  urn:newsml:reuters.com:*:nFWN28T01S
    ** The REIT is down 0.5% this year, as of last close 
    ** Link REIT has underperformed the Hang Seng Finance Index
sector  .HSNF  by 5.3 percentage points in the past one month
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  gains 0.3%, while the benchmark index  .HSI  slides 0.2%



($1 = 1.4514 Australian dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)