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00823 LINK REIT
RTNominal down30.850 -0.100 (-0.323%)
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25/02/2021 09:01

Link REIT (00823) to buy 50% of Qibao Vanke Plaza

[ET Net News Agency, 25 February 2021] Link Real Estate Investment Trust (00823) said
Link (through the buyer, an indirectly wholly-owned SPV of Link) has agreed to acquire 50%
of the equity interest of the target company from the seller.
The target company is the sole owner of the property known as Qibao Vanke Plaza located
in Shanghai, the PRC. The property is a 5-storey commercial development plus a 3-storey
basement, together comprising a retail area of approximately 148,852.84 sqm offering
shopping, leisure, tourism, dining, entertainment and cultural experiences and a car park
with 1,471 parking spaces. (RC)

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