Value-added Asset Management

Link's 2019 acquisition of 100 Market Street, a prime A-grade office tower in Sydney's central business district, showcases its strategy of active management and portfolio diversification.

To enhance the property's value and maintain its competitive edge, Link implemented asset enhancement initiatives, including lobby and end of trip facility upgrades. These enhancements, coupled with Link's deep understanding of tenant positioning and core buyers in Australia, have solidified 100 Market Street's position as a desirable office destination, resulting in 100% occupancy and 9.3%¹ above market rental rates. This acquisition exemplifies Link's commitment to creating value and delivering resilient returns for its investors by investing in stable, quality assets across developed APAC markets such as Australia.

¹Based on external valuation report as at 31 March 2024.

 

 

Value-added Asset Management

The Galeries, an iconic four-level urban mall located in the heart of Sydney's CBD, has established itself as a premier lifestyle and cultural destination. With a curated mix of fashion, art, and dining offerings, The Galeries caters to the discerning and diverse tastes of its target audience.

The food court upgrades have been particularly successful, resulting in 20% growth in moving annual turnover (MAT). This achievement demonstrates the effectiveness of the centre's tenant mix strategy. The Galeries' ability to capture, adapt and respond to its customers' evolving preferences has been instrumental in its success.

 

 

Value-added Asset Management

Lok Fu Place, a retail, leisure and community hub located in Central Kowloon, has undergone transformative asset enhancement initiatives while preserving the community's unique cultural aspects. Link's commitment to fostering an environmentally conscious and inclusive community is evident through its unique 6,800-square-metre Link Sustainability Lab, that educates visitors about sustainable development, and the renovation of a 12,000-square-foot public area with a "Glamping Hiking" theme, creating an engaging space for all generations. As part of its asset enhancement strategy, Link consolidated the entire first floor of the mall’s Zone B and introduced NITORI, a popular Japanese retail store known for its high-quality and affordable products. This constant tenant mix enhancement is a core tenet of Link’s strategy and ensures that its malls remain attractive shopping hotspots for residents and visitors alike.

Link's pioneering efforts in transforming Hong Kong's fresh markets are also showcased at Lok Fu Place, with improved ventilation, hygiene, order, and unique features like a rare live poultry stall. By prioritizing asset development, engaging in placemaking efforts, and introducing new retail offerings, Link is dedicated to improving community experiences and enhancing asset value for investors.