Corporate Profile
Sunlight REIT is a real estate investment trust and has been listed on The Stock Exchange of Hong Kong Limited since 21 December 2006. It offers investors the opportunity to invest in a diversified portfolio of commercial real estate. It currently holds 11 office properties and six retail properties in Hong Kong, with a total gross rentable area of approximately 1.3 million sq. ft..
Henderson Sunlight Asset Management Limited (the “Manager”) is the manager of Sunlight REIT. An indirect wholly-owned subsidiary of Henderson Land Development Company Limited (“HLD”), the Manager’s main responsibility is to manage Sunlight REIT and all of its assets in accordance with the trust deed in the sole interest of the unitholders of Sunlight REIT.
REIT Structure
Henderson Sunlight Property Management Limited (the “Property Manager”) has been delegated the responsibilities of providing property management, lease management and marketing services solely and exclusively for the properties of Sunlight REIT located in Hong Kong, subject to the overall management and supervision of the Manager.
Objectives and Strategies
The primary objectives of the Manager are to provide Unitholders with regular and stable cash distributions through a diversified portfolio of office and retail properties, while fostering sustainable growth of these distributions and enhancing long-term capital value of the portfolio.
STRATEGIES
Operational Management and Asset Enhancement
The Manager works closely with the Property Manager to develop proactive leasing strategies, cost saving solutions and asset enhancement initiatives aimed at improving the rental income and unlocking the value of the properties.
Asset Recycling
The Manager seeks to acquire income-producing investment properties to provide attractive returns through accretion in distribution yield, sustainable and long-term capital appreciation. The Manager also reviews and considers, from time to time, fine-tuning the portfolio through divestment of non-core assets for more attractive investment alternatives.
Capital and Business Management
In support of the operational and asset recycling, the Manager adopts disciplined capital management strategy through the appropriate use of equity and leverage. It has also established a solid business management framework which includes sound corporate governance practices, effective risk management and internal control systems, reliable management information systems as well as an experienced workforce.