News Centre

• Duncan Gareth Owen succeeds Nicholas Allen as new Link Board Chair
• Ann Kung Yeung Yun-chi also appointed as new Independent Non-Executive Director

The Board of Directors (the Board) of Link Asset Management Limited (Link), the manager of Link Real Estate Investment Trust (Link REIT; Hong Kong stock code: 823), announced today (31 July 2024) that Duncan Gareth Owen will succeed Nicholas Allen to be the Chairman of the Board effective 2 August 2024. Mr Allen will retire from the Board after serving as Chair for the past nine years.

“It has been a great honour to have served Link as Chairman and I am extremely proud of all that we have achieved together in the past decade to transform the company into a regional leader and position Link for further sustainable growth in years to come. I am confident that under Duncan’s leadership, the company will continue to flourish as Link pursues a dynamic new chapter of development under the Link 3.0 strategy,” said Mr Allen.

“I would like to thank Nick for his tireless dedication and commitment and congratulate him on such a successful chairmanship at Link in the last nine years. I am excited and privileged to have this unique opportunity to oversee the next stage of Link’s development and look forward to working together with my fellow directors and the company’s management team to continue fulfilling our purpose while linking all our key stakeholders to a brighter future,” said Mr Owen.

“We are indebted to Nick for providing his wisdom and leadership over the past years and I have enjoyed working with him tremendously. All of us at Link wish him all the very best as he starts a new chapter and we will all miss him dearly. We continue to build and strengthen our capabilities with key appointments both on our Board and management team and I am excited to work with our new leadership to drive Link’s next phase of growth,” said George Hongchoy, Link’s Chief Executive Officer.

Mr Allen has overseen a period of significant growth and transformation for Link as it expanded beyond its home in Hong Kong to become a trusted real estate partner across Asia Pacific and beyond. During his tenure, Link achieved various key milestones including expanding its footprint in Mainland China, entering Australia, the United Kingdom and Singapore, opening its flagship regional headquarters, broadening and diversifying its portfolio across different asset classes as well as underscoring its reputation and credentials as a leader in corporate sustainability.

Separately, the Board also announced the appointment of Ann Kung Yeung Yun-chi as an Independent Non-Executive Director today.

Further details including Mrs Kung’s biography can be found in the directorate change announcement published by Link on the HKEXnews website today.

Pictures of Mr Allen, Mr Owen and Mr Hongchoy, and Mrs Kung can be downloaded here.

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About Link

Link Asset Management Limited (Link) is a leading global real estate investor and asset manager based in Hong Kong. It manages Link Real Estate Investment Trust (Hong Kong stock code: 823), the largest REIT in Asia by market capitalisation. Link REIT has been 100% held by public and institutional investors since its listing in 2005 in Hong Kong. It is a constituent of the Hong Kong securities market benchmark Hang Seng Index, as well as a component of the Dow Jones Sustainability Asia Pacific Index, the FTSE4Good Index Series and the Hang Seng Corporate Sustainability Index. Through Link REIT, Link owns and manages a diversified portfolio of retail facilities, car parks, offices and logistics assets spanning from China’s Beijing, Greater Bay Area (Hong Kong, Guangzhou and Shenzhen), and Yangtze River Delta centred around Shanghai, to Singapore, Australia’s Sydney and Melbourne and the UK’s London. With its expanded investment capability and dynamic growth strategy, Link aspires to be a world-class real estate investor and manager, serving and improving the lives of people around us.

For details, please visit https://www.linkreit.com