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Link REIT
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===Acquisition of properties=== In moves to diversify its property portfolio and mix, Link acquired the shopping mall portion of [[Nan Fung Centre]] with parking facilities in [[Hang Hau]], from [[Nan Fung Group]] mid 2010 for a total of $1.17 billion.<ref name=scmp970222>{{cite news|last1=Chan|first1=May|title=Link Reit buy points at new direction|url=http://www.scmp.com/article/970222/link-reit-buy-points-new-direction|work=South China Morning Post|date=10 June 2011}}</ref> In late 2010, Link acquired the shopping mall portion of Maritime Bay Shopping Mall with parking facilities in Hang Hau, from [[Sino Group]], for a total of $588.4 million<ref>[https://www1.hkexnews.hk/listedco/listconews/sehk/2011/1222/ltn20111222077.pdf The Link Real Estate Investment Trust PROPOSED ACQUISITION OF PROPERTY HKEX]</ref> In mid 2014, Link acquired [[The Lions Rise Mall]] with parking facilities in [[Wong Tai Sin]], from [[Kerry Properties]], for a total of $1.38 billion.<ref name=scmp1576641>{{cite news|last1=Sito|first1=Peggy|title=Link Reit agrees to buy Wong Tai Sin shopping mall for HK$1.38b|url=http://www.scmp.com/property/hong-kong-china/article/1576641/link-reit-agrees-buy-wong-tai-sin-shopping-mall-hk138b|work=South China Morning Post|date=19 August 2014}}</ref> In 2015, The Link took its first step in purchasing by government land auction when it partnered with Nan Fung Group to buy land lot NKIL 6512 in Kwun Tong for a total of $5.86 billion in January.<ref>{{cite web|title=Hong Kong Property Market Monitor|url=http://www.jll.com.hk/hong-kong/en-gb/Research/Research-monitor-hk-2015-02.pdf|publisher=Jones Lang Lasalle|date=February 2015}}</ref> Then, Link surprised the market by successively making its first two purchases in mainland China, when it acquired [[Beijing EC Mall]], for a consideration of Β₯2.5 billion; it acquired two commercial buildings in Shanghai for Β₯6.6 billion. The company has a target where mainland properties would not exceed 12.5% of its portfolio.<ref name=scmp1866365>{{cite news|last1=Fung|first1=Fanny W.Y.|title=Hong Kong's Link Reit looks to brush up its image 10 years on from controversial stock listing|url=http://www.scmp.com/news/hong-kong/economy/article/1866365/hong-kongs-link-reit-looks-brush-its-image-10-years|work=South China Morning Post|date=12 October 2015}}</ref> On 19 February 2016, a subsidiary of the Link purchased the Trade and Industry Department Tower in [[Mong Kok]] (formerly the Argyle Centre Tower II) from the government for a sum of HK$5.91 billion.<ref name=20160219info>{{cite web|title=Tender result for government property at Trade and Industry Department Tower in Mong Kok announced|url=http://www.info.gov.hk/gia/general/201602/19/P201602190537.htm|publisher=Hong Kong Government|date=19 February 2016}}</ref> In April 2020, LINK REIT completed its purchase of 100 Market Street in [[Sydney]] at approximately AUD683 million from Blackstone Group. It is a building is 10-storeys office tower of 28,385 square metre above the Westfield mall in Sydney's CBD.<ref>[https://www.smh.com.au/business/companies/blackstone-reaps-683m-in-sydney-office-tower-sale-to-hk-based-group-20200415-p54jz1.html Blackstone reaps $683m in Sydney office tower sale to HK-based group]</ref>
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