DTZ

Overview

Developed by Nan Fung Development in 1999, the shopping arcade of Nan Fung Plaza is a regional shopping focus and comprises a GFA of around 176,075 sq ft. It was acquired by The Link Properties Limited, part of The Link REIT which is Hong Kong's first and largest real estate investment trust for HKD1.17 billion. This is by far the largest shopping arcade deal in Hong Kong in 2011.

What DTZ did

With a forward insight on property market, the DTZ Hong Kong Investment team:

• took the role of the third-party investment broker
• concluded the first deal for The Link REIT to acquire shopping arcade in the private market in Hong Kong
• managed to iron out the difficulties and clinched the deal between the two parties
• helped The Link REIT satisfy the requirements of the SFC and REIT Code regarding acquisition activities of Hong Kong-listed companies.

Results

• Added value to the several already owned shopping arcade properties of The Link REIT and its entire portfolio in Tseung Kwan O
• This acquisition had been the first time for The Link REIT to acquire shopping arcade in the private market in Hong Kong which was an important milestone of The Link REIT’s development
• Concluding this deal was a big move for DTZ Hong Kong Team to grab back the market shares and reconfirmed our prime market position. We earned the trust from clients and paved for the long term partnership in the future.