Tag: Champion

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 2022.Summary of financial results 1H 2022 1H 2021 ChangeTotal Rental Income (HK$ million) 1,196 1,260 – 5.0%Net Property Income (HK$ million) 1,044 1,137 – 8.2%Distributable Income (HK$ million) 704 790 – 10.9%Distribution per unit (HK$) 0.1064 0.1197 – 11.1% 30 Jun 2022 31 Dec 2021 ChangeGross Value of Portfolio (HK$ million) 64,761 65,296 – 0.8%Net Asset Value per unit (HK$) 8.15 8.25 – 1.2%Gearing Ratio 22.3% 22.9% – 0.6pp Overview As Hong ... Read more

The Prime Minister, Shri Narendra Modi met the champion women boxers from World Boxing Championship, Nikhat Zareen, Manisha Moun and Parveen Hooda today. In a tweet, the Prime Minister said : “Glad to have met boxers @nikhat_zareen, @BoxerMoun and Parveen Hooda who made India proud at the Women’s World Boxing Championship. We had excellent conversations on their life journeys including passion towards sports and life beyond it. Best wishes for their future endeavours.” Glad to have met boxers @nikhat_zareen, @BoxerMoun and Parveen Hooda who made India proud at the Women’s World Boxing Championship. ... Read more

Champion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for year ended 31 December 2021.Summary of financial results FY 2021 FY 2020 ChangeTotal Rental Income (HK$ mil) 2,495 2,633 -5.2%Net Property Income (HK$ mil) 2,197 2,347 -6.4%Distributable Income (HK$ mil) 1,503 1,554 -3.3%Distribution per unit (HK$) 0.2279 0.2496 -8.7% 31 Dec 2021 31 Dec 2020 ChangeGross Value of Portfolio (HK$ mil) 65,296 67,318 -3.0%Net Asset Value per unit (HK$) 8.25 8.61 -4.2%Gearing Ratio 22.9% 23.0% -0.1pp Overview The persistent COVID-19 pandemic continued to pose challenges to the operating ... Read more

Champion Real Estate Investment Trust (“Champion REIT” or “Trust”) (Stock Code: 2778), owner of Three Garden Road and Langham Place, announced the opening of the brand-new beauty concept store – LANGHAM BEAUTY in Langham Place Mall. Located on level 1 of the mall and housing internationally renowned beauty brands, including ARMANI BEAUTY, DIOR BEAUTY, ESTEE LAUDER, LANCOME and SHISEIDO, LANGHAM BEAUTY represents a new presence of beauty in town and unveils an exquisite shopping experience with an immersive and dynamic forest-like interior design. With the philosophy of “Be True in Life, Be Kind to Earth, Be a Beautiful You”, LANGHAM ... Read more

Champion Real Estate Investment Trust (“Champion REIT” or “Trust”) (Stock Code: 2778), owner of Three Garden Road and Langham Place, has entered into an agreement concerning cross-currency swap transaction (the “Swap”) with DBS Hong Kong (“DBS”). This derivative transaction is a sustainability-linked swap, which was closed in September 2021. It is designed to provide a hedge against potential interest rate or currency risks related to the Trust’s debt portfolio.Champion REIT values sustainable development and is dedicated to promoting diversity and inclusion of the community. This rationale is in alignment with the philosophy of DBS, which places great value on leveraging ... Read more