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Property

Top Asian REIT Link turns focus outside flagging Hong Kong

Growth prospects dim in market hit by security law and zero-COVID policy

Link REIT has taken stakes in retail properties in downtown Sydney. (Photo courtesy of Urban Angles)

HONG KONG -- Link REIT, Asia's largest real estate investment trust, is looking outside its home base of Hong Kong to diversify its portfolio with the territory losing luster as a business hub.

The REIT in May announced plans to acquire three warehouses in the mainland provinces of Zhejiang and Jiangsu for 947 million yuan ($140 million). This follows last October's purchase of two logistics centers in Guangdong Province, which rivals Shanghai as a freight center.

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