Champion REIT Announces 2023 Interim Results
HONG KONG, Aug 18, 2023 - (ACN Newswire) - Champion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for the six months ended 30 June 2023.
- HONG KONG, Aug 18, 2023 - (ACN Newswire) - Champion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for the six months ended 30 June 2023.
- Results of the Trust continued to be impacted by the leases committed during the pandemic and the increase in interest expense during the reporting period.
- The occupancy of Three Garden Road was relatively stable in the first half of 2023 and an anchor tenant in the financial sector expanded its operations in Three Garden Road.
- Lifestyle tenants remained the major segment of the property, representing 73% of the tenants mix as at 30 June 2023.