Link Announces Measures To Support Tenants And Encourage Consumer Spending
March 12, 2020 — Link Asset Management Limited (Link), the manager of Link Real Estate Investment Trust (Hong Kong stock code: 823), announced today (Wednesday) the provision of a 50% discount on the monthly car park fee for school bus patrons of Link’s car parks for six months from April to September 2020. The discount is a relief measure targeted to mitigate the impact of class suspensions on the education industry amid the novel coronavirus epidemic.
At the same time, Link stands ready to support its learning centre tenants when classes resume. On top of stepping up cleaning at its properties, Link is currently sourcing child-sized face masks and will distribute them to learning centre tenants in due course. Link hopes it can contribute to its learning centre tenants’ smooth resumption of operation.
In addition, Link’s shopping malls are forming a collaborative network with tenants to give shoppers a variety of incentives and offerings, with an aim to encourage consumer spending and stimulate tenants’ overall sales and business. (see appendix for details).
“Under the collaborative network, our shopping malls and tenants are working together in unity. As a landlord, we hope our new initiatives will drive the overall business of all tenants. We are also connecting different tenants in our network and stimulating footfall, which will hopefully give a lift to those tenants who are currently operating in particularly difficult situations and benefit everyone in the collaboration,” Link’s Chief Executive Officer George Hongchoy said.
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