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It is managed by Link Asset Management Limited. With plans to keep buying up assets in stable global markets, Link chief executive officer George Hongchoy the prominent 10-storey A-grade office tower would provide growth in income and capital value with limited downside risk, said. While Hong Kong will remain Link’s core market, the company has plans to increase its exposure in mainland China and other gateway cities in Australia, Singapore, Japan and the UK. In contrast, it said it had no plans to divest its existing assets. Its assets include retail and office assets as well as car parks. Even as life returns to the CBDs, considerable uncertainty remains on the long-term impact to the office market of the widespread embrace of working from home. However, pricing in the office market is expected to soften as demand for space weakens. The office landlord is also busy seeking out new development opportunities. Last month The Australian Financial Review revealed that Dexus was one of two of the country's biggest commercial property investors vying to become a development partner in tech giant Atlassian's landmark office project in return for at least a $500 million stake in the skyscraper. RMIT is likely to be the worst hit of all the Australian universities, with a report showing it would face a fee shortfall of $853 million by 2024 in a worst case scenario, even if it sold two-thirds of its cash and investment holdings to compensate for lost international student fees.



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