06 Feb 2015

Extension of LOI on Longgang Vanke Mall Acquisition

The Link Management Limited (“The Link”), as the manager of The Link Real Estate Investment Trust (“The Link REIT”; Hong Kong stock code: 823), announced today that The Link and China Vanke Co., Ltd. (“China Vanke”) have mutually agreed to extend the expiry date of the non-binding Letter of Intent to 31 March this year on the acquisition of the Longgang Vanke Mall.

The Link signed the Letter of Intent with China Vanke last November. Considering it being the first mainland project of The Link REIT, the extension of the exclusivity period would allow ample time for due diligence and detailed negotiation of the cooperation for the best interest of the unitholders.

Longgang District is one of the fastest growing districts in Shenzhen. Longgang Vanke Mall is next to Jixiang Station of Shenzhen Metro Line 3. It is strategically located within the core administrative centre of Longgang and is adjacent to the Shenzhen Cultural Centre, which includes a Science Museum, Youth’s Hall, Art Museum and Mega Bookstore as well as The Chinese University of Hong Kong, Shenzhen. Opened in late 2013, the Property consists of a shopping mall, street shops and car park spaces, with a total gross floor area of approximately 100,000 square metres.

For more details, please refer to the announcement available on the corporate website:

http://www.hkexnews.hk/listedco/listconews/SEHK/2015/0206/LTN20150206654.pdf

 

Back
Top Top