Renowned financial institution to further bolster tenant profile of the flagship property
HONG KONG, CHINA - Media OutReach - 5 August 2019 - Henderson Sunlight Asset ManagementLimited (the "Manager") is delightedto announce that it has secured a new long term lease agreement for itsflagship office property situated at 248 Queen's Road East (currently named "Sunlight Tower") with Dah Sing Bank, Limited ("DSBL"), one of the most established localbanking institutions in Hong Kong. Uponlease commencement in October 2020, DSBL will become the anchor tenant of theflagship property, taking up a total gross rentable area ("GRA") ofapproximately 81,000 sq. ft., or 22% of total GRA. TheManager has agreed to change the building name to "Dah Sing Financial Centre" witheffect from lease commencement (or at a later date as mutually agreed).
Mr. Wu Shiu Kee, Keith, ChiefExecutive Officerof the Manager, commented, "We welcome DSBL as our prospective anchor tenant at Sunlight Tower,which clearly demonstrates the quality of our award winning property. This partnership, which bolsters thetenant profile of the property, also exemplifies the trend and momentum of officedecentralization which is beneficial to Sunlight REIT given the strategiclocations of its office portfolio. "
About Sunlight REIT
Sunlight REIT (Stock Code: 435) is areal estate investment trust authorized by the Securities and FuturesCommission and constituted by the trust deed dated 26 May 2006 (as amended andsupplemented by six supplemental deeds) (the "Trust Deed") and has been listed on The Stock Exchange of Hong KongLimited on 21 December2006. Sunlight REIT offers investors the opportunity to invest in a diversifiedportfolio of 11 office and five retail properties in Hong Kong with a totalgross rentable area of approximately 1.2 million sq. ft. The office propertiesare located in core business areas, including Wan Chai and Sheung Wan/Central,as well as in decentralized business areas such as Mong Kok and North Point.The retail properties are situated in regional transportation hubs and newtowns including Sheung Shui, Tseung Kwan O and Yuen Long, as well as in urbanareas with high population density.
About the Manager
The Manager of Sunlight REIT is anindirect wholly-owned subsidiary of Henderson Land Development Company Limited(恒基兆業地產有限公司);its responsibility is to manage Sunlight REIT in the sole interest of theunitholders in accordance with the Trust Deed.
Disclaimer: The informationcontained in this press release does not constitute an offer or invitation tosell or the solicitation of an offer or invitation to purchase or subscribe forunits in Sunlight REIT in Hong Kong or any other jurisdiction.