Renowned financial institution to further bolster tenant profile of the flagship property
HONG KONG, CHINA - Media OutReach - 5 August 2019 - Henderson Sunlight Asset Management
Limited (the "Manager") is delighted
to announce that it has secured a new long term lease agreement for its
flagship office property situated at 248 Queen's Road East (currently named "Sunlight Tower") with Dah Sing Bank, Limited ("DSBL"), one of the most established local
banking institutions in Hong Kong. Upon
lease commencement in October 2020, DSBL will become the anchor tenant of the
flagship property, taking up a total gross rentable area ("GRA") of
approximately 81,000 sq. ft., or 22% of total GRA. The
Manager has agreed to change the building name to "Dah Sing Financial Centre" with
effect from lease commencement (or at a later date as mutually agreed).
Mr. Wu Shiu Kee, Keith, Chief
of 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 the
tenant profile of the property, also exemplifies the trend and momentum of office
decentralization which is beneficial to Sunlight REIT given the strategic
locations of its office portfolio. "
About Sunlight REIT
Sunlight REIT (Stock Code: 435) is a
real estate investment trust authorized by the Securities and Futures
Commission and constituted by the trust deed dated 26 May 2006 (as amended and
supplemented by six supplemental deeds) (the "Trust Deed") and has been listed on The Stock Exchange of Hong Kong
Limited on 21 December
2006. Sunlight REIT offers investors the opportunity to invest in a diversified
portfolio of 11 office and five retail properties in Hong Kong with a total
gross rentable area of approximately 1.2 million sq. ft. The office properties
are 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 new
towns including Sheung Shui, Tseung Kwan O and Yuen Long, as well as in urban
areas with high population density.
About the Manager
The Manager of Sunlight REIT is an
indirect wholly-owned subsidiary of Henderson Land Development Company Limited
its responsibility is to manage Sunlight REIT in the sole interest of the
unitholders in accordance with the Trust Deed.
Disclaimer: The information
contained in this press release does not constitute an offer or invitation to
sell or the solicitation of an offer or invitation to purchase or subscribe for
units in Sunlight REIT in Hong Kong or any other jurisdiction.