Hong Kong REIT Buys Portion Of Mall For $76M

Law360, New York (December 22, 2011, 11:47 AM EST) -- Hong Kong-based real estate investment trust The Link Management Ltd. has purchased part of a Hong Kong shopping mall from a property developer for $75.6 million, Link announced Thursday.

Link, which manages The Link Real Estate Investment Trust, said that it signed a sale and purchase agreement with Sino Land Co. Ltd. to purchase Great Land (HK) Ltd., which owns part of the Maritime Bay retail property. The transaction is expected to close in January.

The deal is for about 63,500 feet of commercial space comprised...
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