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.
