Champion REIT Announces 2022 Interim Results

HONG KONG, Aug 19, 2022 – (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 2022.

Summary of financial results
1H 2022 1H 2021 Change
Total 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 Change
Gross 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 Kong saw an overwhelming surge of the highly transmissible Omicron variant in early 2022, tenants under the Trust also experienced substantial disruptions in their operations in the first half of the year. Amid the fifth wave of the COVID-19 pandemic, the already subdued office and retail leasing activities were further dampened due to prolonged and tightened social distancing measures imposed by the government since early January. While we observed signs of recovery in tenants' sales and footfall after the relaxation of social distancing measures in the middle of the second quarter, the income of the Trust in the interim period was inevitably affected. Distributable income fell 10.9% to HK$704 million (2021: HK$790 million) and distribution per unit ("DPU") dropped by 11.1% to HK$0.1064 (2021: HK$0.1197).

Three Garden Road
Responding to the more contagious Omicron variant, tenants in Three Garden Road reversed to adopting the work-from-home arrangement more widely. Occupancy of the property was affected by relocation and downsizing of tenants, falling to 83.8% as at 30 June 2022. Total rental income of the property was HK$689 million (2021: HK$735 million).

Langham Place Office Tower
The higher average occupancy in the first half of 2022 compared with last year offset the impact of negative rental reversion, resulting in a growth of 1.6% in rental income to HK$181 million (2021: HK$178 million). Occupancy stood at 94.5% as at 30 June 2022.

Langham Place Mall
The mall remained fully occupied as at 30 June 2022 notwithstanding the difficult operating environment of the retail market. But retailers by and large stayed cost cautious with their plans to renew leases or open new stores. Total rental income decreased by 6.0% to HK$326 million (2021: HK$347 million).

Distribution
Distributable income fell 10.9% to HK$704 million (2021: HK$790 million) and DPU for the six months ended 30 June 2022 was HK$0.1064 (2021: HK$0.1197). Based on the closing unit price of HK$3.49 as at 30 June 2022, the total DPU represented an annualised distribution yield of 6.1%.

Asset Value
The appraised value of the Trust's properties decreased slightly to HK$64.8 billion as at 30 June 2022, compared with HK$65.3 billion as at 31 December 2021.

Sustainability
With the post-COVID-19 new normal unfolding, we responded nimbly with a series of initiatives to offer timely assistance to our valuable stakeholders. Contributing to climate resilience, we continued to devote efforts to optimize the efficiency of the properties through amenity upgrades, and wider use of sustainable resources and technologies. We are delighted to report that we are making progress weaving sustainability into the fabric of the Trust's operation in our efforts to achieve our 2030 Environmental, Social and Governance (ESG) targets.

Outlook
The progressive easing of social distancing measures and the new round of the Consumption Voucher Scheme are expected to provide support to the retail sector in the second half of the year. However, the overall recovery path of the economy remains uncertain in view of geopolitical tensions and global inflation as well as the ongoing cross-border travel controls and quarantine requirements.

The business performance of the Trust remains challenging against the backdrop of volatile market conditions and potential global economic recession. We will continue to take a prudent approach towards acquisition opportunities arising in the slowing economy and the turbulent periods ahead. We will also leverage stakeholder collaboration to cement our unwavering commitment to sustainable development.

About Champion REIT (Stock Code: 2778)
Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties. The Trust focuses on Grade A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail floor area. These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as joint venture stake in 66 Shoe Lane in Central London. Since 2015, the Trust has been included in the Constituent of Hang Seng Corporate Sustainability Benchmark Index of Hang Seng Indexes.

Website: www.championreit.com

For press enquiries:
Strategic Financial Relations Limited
Vicky Lee Tel: 2864 4834 Email: vicky.lee@sprg.com.hk
Christina Cheuk Tel: 2114 4979 Email: christina.cheuk@sprg.com.hk
Yvonne Lee Tel: 2864 4847 Email: yvonne.lee@sprg.com.hk
Website: www.sprg.com.hk

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Hektar REIT Sustainability & CSR Initiatives Gets Awarded

KUALA LUMPUR, Aug 18, 2022 – (ACN Newswire) – Hektar Real Estate Investment Trust (Hektar REIT) has been awarded "Company of the Year" under the "Stakeholder and Community Sustainability Engagement Initiatives" category of the Sustainability & CSR Malaysia Awards 2022 held today at Mandarin Oriental Hotel Kuala Lumpur.

Second from Left: Secretary-General of the Ministry of Rural Development, YBhg Datuk Ramlan Harun and CEO of Hektar Asset Management Johari Shukri bin Jamil

Johari Shukri bin Jamil, CEO of Hektar Asset Management

This award follows the recent 4-star Environmental, Social and Governance (ESG) rating upgrade received by Hektar REIT as a constituent of the FTSE4Good Bursa Malaysia Index (F4GBMI) in the June 2022 evaluation by FTSE Russell.

The Sustainability & CSR Malaysia Awards 2022, which was officiated by the Minister of Rural Development, YB Dato' Seri Mahdzir bin Khalid, and represented by the Secretary-General of the Ministry of Rural Development, YBhg Datuk Ramlan Harun is organised by CSR Malaysia, a publication and social initiative under the auspices of the Malaysian Welfare Society for Corporate Sustainability & Responsibility, which is the national organisation for sustainability in the country. Several nominations were received for the various categories, with awardees judged by a distinguished panel of judges drawn from the media and the Malaysian Welfare Society for Corporate Sustainability & Responsibility.

Chief Executive Officer of Hektar Asset Management Sdn. Bhd. (Hektar Asset Management), En. Johari Shukri bin Jamil said, "We would like to express our utmost appreciation and thank the panel of judges for this award and recognition of our efforts and see this as an encouragement to continue improving ourselves. Hektar REIT's Asset Under Management consists of five established neighbourhood-focused malls and one regional shopping mall, which play key roles in serving the various stakeholders – i.e., the shoppers, tenants, employees and surrounding community within their respective geographical areas.

During the pandemic, our shopping malls complied stringently with the Government's directives to provide a safe retail environment for all by upholding strict safety and hygiene protocols. CSR initiatives are close to our heart and we aim to continuously engage with the community by undertaking various initiatives for the underprivileged or vulnerable groups such as those affected by the pandemic as we at Hektar understand & believe that all of us owe a responsibility towards the betterment of our society."

"Our recent ESG rating on the F4GBMI shows that Sustainability and CSR matters are very much grafted into our corporate culture. Our sustainability framework, which was first set up in 2017, continues to evolve in response not just to legislation but also to wider social and environmental concerns. We learned much, especially during the pandemic, on being resilient and sustainable while responding to the importance of reducing our environmental footprint and increasing our responsibility towards our stakeholders."

About Hektar Real Estate Investment Trust

Hektar Real Estate Investment Trust (Hektar REIT) is Malaysia's first listed retail-focused REIT. The primary objectives of Hektar REIT are to provide unitholders with sustainable dividend income and to achieve a long-term capital appreciation of the REIT. Hektar REIT was listed on the Main Market of Bursa Malaysia Securities Berhad on 4 December 2006 and currently owns 2 million square feet of retail space in 4 states with assets valued at RM1.16 billion as at 31 December 2021. The REIT's strategic partner is Frasers Centrepoint Trust, part of Frasers Property Ltd, headquartered in Singapore. Hektar REIT is managed by Hektar Asset Management Sdn Bhd and the property manager is Hektar Property Services Sdn Bhd. Hektar REIT's portfolio of commercial properties includes Subang Parade in Subang Jaya, Selangor; Mahkota Parade in Melaka; Wetex Parade & Classic Hotel in Muar, Johor; Central Square in Sungai Petani, Kedah; Kulim Central in Kulim, Kedah and Segamat Central in Segamat, Johor. For more information, please visit www.HektarREIT.com

For more information or inquiries, please contact:
Investor Communications
Tel: +603 6205 5570
Email: ir@HektarREIT.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Hatten Land Signs Partnership Agreement to Launch The World’s First-of-its-Kind Mobile Legends: Bang Bang, Southeast Asia’s Top Game with 100 Million Monthly Active Users, Themed Integrated Esports Hub in Melaka at ElementX

– Continual advancement of Hatten Land’s strategic pivot, including Phygital, Metaverse and Esports, to attract footfalls and increase value of its physical assets by re-purposing the assets and partnering with established industry leaders
– The partnership agreement is signed with MOONTON Games, an international gaming developer known for producing highly acclaimed Mobile Legends: Bang Bang (“MLBB”), which has more than one billion downloads globally with a consistent player base of 100 million monthly active users and it is the number 1 multiplayer online battle arena game in Southeast Asia⁽¹⁾
– Hatten Land’s ElementX mall and hotel will be transformed into the world’s first-of-its-kind MLBB-themed Integrated Esports Hub with multiple giant- sized displays of MLBB characters and eye-catching MLBB-themed facade and interior designs to create experiential interactions, an immersive environment with special rewards for MLBB players and fans worldwide
– Positioned as an instagrammable hot-spot for gaming tourism and increasing more footfall to ElementX, the world’s first MLBB-themed Integrated Esports Hub in Melaka will be a brand-new attraction in Malaysia that is expected to be a key driver of gaming and Esports activities as well as attract new visitors (such as gamers and fans) and boost tourism activities in Melaka
– More footfall and hotel guests are expected to be attracted to ElementX, located on prime acreage within UNESCO World Heritage City, Melaka, with its strategic and convenient location covering Singapore, Kuala Lumpur, Selangor, Johor and other fast-growing areas, as well as over 20 million affluent population within 250km radius

SINGAPORE & MELAKA, MALAYSIA, Aug 18, 2022 – (ACN Newswire) – Hatten Land Limited (惠胜置地有限公司) (“Hatten Land“, “Company“, and together with its subsidiaries, the”Group“) is pleased to announce that its wholly-owned subsidiary Hatten Edge Pte. Ltd. (“Hatten Edge“) has signed a partnership agreement with MOONTON Games to jointly develop and launch the world’s first Mobile Legends: Bang Bang (“MLBB“) Integrated Esports Hub in Melaka at EleementX and promote Mobile Legends: Bang Bang in Malaysia and across the region via marketing campaigns, esports tournaments and branding events.

MOONTON Games and Hatten Land to Jointly Develop and Transform ElementX Mall and Hotel in Melaka into the World’s First MLBB-themed Integrated Esports Hub at ElementX

Developed by MOONTON Games, Mobile Legends: Bang Bang has more than one billion downloadsglobally with a consistent player base of 100 million monthly active users and it is the number 1 multiplayer online battle arena game in Southeast Asia.

Since the 2019 Southeast Asian Games (“SEA Games”), Mobile Legends: Bang Bang has been featured insuccessive SEA Games as a medal event. In May 2022, the SEA Games’ MLBB event amassed over 2.2 million concurrent viewers at its peak, during the grand final match between Indonesia and the Philippines, setting a new viewership record at the 31st SEA Games⁽³⁾.

According to Sensor Tower Store Intelligence estimates, total gross revenue of Mobile Legends: Bang Bangsurpassed US$500 million in 2020 with user spending of US$214.1 million in 2019. Malaysia has proven to beMobile Legends’ most lucrative market globally, with players there spending US$87.5 million in the game, or17 percent of total revenue. Indonesia ranked No. 2 for player spending, generating US$69.2 million, or 14percent of the total, while the United States was No. 3, racking up US$64.1 million, or 12.8 percent of allrevenue⁽²⁾.

Under the partnership agreement, MOONTON Games and Hatten Land will jointly develop and transform ElementX mall and hotel in Melaka into the world’s first Mobile Legends- themed Integrated Esports Hub thataims to attract 20 million visitors from around the region.

With multiple giant-sized displays of Mobile Legends: Bang Bang characters and eye-catching MLBB-themed façade and interior designs, the world’s first MLBB-themed Integrated Esports Hub aims to create experiential interactions and an immersive environment for players and fans, creating new innovative experiences and conducive spaces for gaming and Esports activities, thereby attracting more footfalls toElementX.

Located on prime acreage within the centre of a UNESCO World Heritage City attracting 18.9 million visitors pre-covid, ElementX encompasses gross floor area of 1.88 million square feet of retail and entertainment space spanning across 13 floors, aimed at attracting experienced gamers and those who are new to Esports and immersive phygital experiences.

Attracting new visitors (such as gamers and fans) and boosting tourism activities in Melaka, ElementX is expected to become the destination mall in Melaka and a brand-new family go- to attraction in Malaysia.

Positioned as Southeast Asia’s first large-scale integrated Esports experiential hub, Metaverse gateway andthemed award-winning hotel accommodation, Hatten Land has made continual advancement of HattenLand’s strategic pivot, including Phygital, Metaverse and Esports, to attract footfalls and increase value of its physical assets by re-purposing the assets and partnering with established industry leaders, such as Huawei International, Focus Media Sports, KITAMEN and Melaka Esports Association, etc. With the addition of Mobile Legends:

Bang Bang, the Southeast Asia’s top game, Hatten Land has once again shown its consistency and constant commitment towards delivering its strategic pivot announced.

Dato’ Colin Tan, Executive Chairman and Managing Director of Hatten Land, said: “Gaming is becomingthe most engaging form of entertainment in the world with Esports gaining more momentum as a spectatorsport.

Mobile Legends: Bang Bang has experienced explosive growth globally with Southeast Asia being its key revenue market since its launch in 2016.

Catering to the growing popularity of MLBB, the world’s first-of-its-kind MLBB-themed integrated Esports Hub at ElementX is conceptualised with an array of experiential interactions and immersive environment as well as multi-dimensional offerings that redefine gaming experiences, creating a special bond among MLBB fans and attracting more footfalls and hotel guests to ElementX.

Together with MOONTON Games, we share the same commitment in creating a thriving, sustainable Esports and gaming ecosystem in Malaysia and across the region, boosting tourism spending and spurring new growth and opportunities across other business adjacencies.”

Mr. Fikri Rizal Mahruddin, Marketing Lead of MPL Malaysia, MOONTON Games, added: “Our partnership with Hatten Land to launch the world’s first MLBB-themed integrated Esports Hub at ElementX in Melaka is another important experiential initiative for us to connect with our players and fans in a way that other forms of media cannot replicate.

We look forward to work closely together with Hatten Land to drive more community-driven and crowd-funded eventsacross the region, increasing the popularity of Mobile Legends: Bang Bang and winning new fans.”

(1) https://themalaysianreserve.com/2021/03/03/mobile-gaming-is-the-future/
(2) https://sensortower.com/blog/mobile-legends-revenue-500-million
(3) https://www.oneesports.gg/mobile-legends/31st-sea-games-mlbb-grand-final-record/

Note: This press release is to be read in conjunction with the SGX announcement released on the same date.

About Hatten Land Limited

Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.

To potentially enhance the value of its physical assets as well as create digital assets at the same time, with sustainability efforts in mind, the Group’s new business strategies is to re- purpose the Group’s physical assets, in particular its malls, by identifying new uses, including but not limited to co-sharing office spaces, talent innovation hub, education-related activities, cinema operations, crypto mining and renewable energy activities.

The Group has obtained shareholders’ approval to diversify its business to include renewable energy, physical-digital malls, cryptocurrency mining and the Metaverse via an extraordinary general meeting on 30 December 2021.

With the various digital and renewable initiatives announced by the Group, there are opportunities for the Group to enter into new markets offering new business opportunities which would potentially provide additional and recurrent revenue streams and assist in continual growth of the Group.

Hatten Land Limited began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of the reverse takeover of VGO Corporation Limited.

For more information, please visit: www.hattenland.com.sg

This announcement has been prepared by Hatten Land Limited (the “Company”) and its contents have been reviewed by the Company’s sponsor, UOB Kay Hian Private Limited (the “Sponsor”) for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Media & Investor Contact for Hatten Land :
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com

Elite Partners continues acquisition spree with the purchase of a warehouse in Poland

Singapore, Aug 16, 2022 – (ACN Newswire) – Elite Partners Capital has completed an off-market acquisition of a warehouse in Radomsko, Poland for close to EUR30 million. This marks the firm's third purchase within a span of six weeks, after announcing acquisitions in UK and Netherlands.

The asset is well-located in Central Poland, being in the immediate vicinity of the A1 motorway, national roads DK 42 and DK 91, as well as key railway junctions. It is the first facility within "LOOGIC Park Radomsko" logistics park which will eventually house 11 warehouse halls totalling 380,000 sqm over 80 hectares of land.

The warehouse provides a total usable area of approximately 54,000 sqm and achieved an 'Excellent' BREEAM certification. It was constructed by FB ANTCZAK, Polish general contractor, as a Built-to-Suit facility for JYSK, a big box retailer of household goods. JYSK is the largest Danish retailer operating internationally with over 3,000 stores in 48 countries globally. The warehouse is used primarily for high-volume storage and is strategically located near the main JYSK Distribution Center. This allows JYSK to distribute goods efficiently and lower transport costs, ultimately having a positive effect on the environment through reduction of CO2 emissions.

This is the first Polish acquisition for the second series of EPC's Logistic Funds. "Following our recent string of successful investments, we are pleased to announce the acquisition of the Polish warehouse facility that is fully let to JYSK," said Mr Victor Song, CEO of Elite Partners Capital. "We are no stranger to the Polish market and have forged trusted relationships on the ground. Because of this, we are able to efficiently source for select opportunities that provide attractive returns even in today's volatile market."

Elite Logistics Fund II continues to focus on building a portfolio of high-quality logistics warehouse or infrastructure across Europe and the UK.

For this transaction, DLA Piper (Legal) advised Elite Partners Capital and AXI IMMO Group acted for the Vendor.

About Elite Partners Capital

Incorporated in 2017, Elite Partners Capital is a Singapore-based licensed fund manager. The Elite Logistics Fund series has a Pan-European strategy focusing on prime logistics assets in the high-growth and defensive sectors.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Elite Partners Makes Maiden Entry into the Dutch Logistics Market with Acquisition of a Warehouse in Netherlands

Singapore, Aug 2, 2022 – (ACN Newswire) – Elite Partners Capital has acquired a warehouse in central Netherlands from a private investor. This comes shortly after its acquisition of a distribution facility in Wrexham UK, announced just earlier in the month. This marks the firm's first foray into the Dutch logistics market.

The asset is located at Nunspeet, a city just outside the Randstad area in the middle of Netherlands. Located alongside the A28 motorway, it serves as one of multiple industrial/logistics hubs that connects the Randstad area with the northeastern provinces and the northern part of Germany. The asset sits within the Feithenhof business park which has a total size of approximately 27.7 hectares and comprises a mix of local industrial businesses alongside internationally operating occupiers.

The warehouse provides a gross floor area of 30,817 sqm on 55,108 sqm of land. It is fully let to B&C International B.V., one of Europe's leading suppliers of custom and ready-made window treatments. B&C is one of North America's Springs Window Fashions' residential brand. The asset is used largely for sorting and distribution and also houses B&C's headquarters.

The transaction is part of the second series of EPC's Logistics Fund and is the firm's first acquisition in the Dutch market. "The Netherlands is one of the top logistics markets in Europe, underpinned by efficient ports and well-established logistics infrastructure. We are excited to announce our first acquisition within the Dutch market and look forward to growing our footprint here due to its strong fundamentals and logistics demand," said Mr Victor Song, CEO of Elite Partners Capital.

Elite Logistics Fund II continues to focus on building a portfolio of high-quality logistics warehouse or infrastructure across Europe and the UK.

For this transaction, Opal Partners acted for Elite Partners Capital and Cushman & Wakefield acted for the Seller.

About Elite Partners Capital

Incorporated in 2017, Elite Partners Capital is a Singapore-based licensed fund manager. The Elite Logistics Fund series has a Pan-European strategy focusing on prime logistics assets in the high-growth and defensive sectors.

Media Contact:
enquiries@elitepartnerscapital.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Mitsubishi Electric Building Solutions Delivers 123 Elevators to Large Office Building in China

TOKYO, Aug 2, 2022 – (ACN Newswire) – Mitsubishi Electric Building Solutions Corporation (MEBS, Head Office: Chiyoda-Ku, Tokyo; President: Tadashi Matsumoto) announced today that Shanghai Mitsubishi Elevator Co., Ltd. has delivered 123 elevators for JD.com's new Headquarters building *1 for second phase construction.

JD.com Headquarters (Second Phase Construction)

The building is located in Yizhuang Economic Development Zone in Beijing and has a total floor area of 530,000 square meters. Approximately 15,000 people work in the 19-story building complex consisting of three parts (A, B and C office buildings), including five underground floors. Since many employees and visitors come and go every day, the occupation density on each floor is expected to be higher than that of a typical building. Accordingly, shortening the waiting time for elevators was a challenge.

Of the 123 units delivered, 84 are large-capacity elevators that are usually installed in 40 to 50-story buildings. These units can be operated under a group control system and MEBS's Destination Oriented Allocation System (DOAS) to efficiently transport large numbers of users at once, easing congestion in the buildings and contributing to comfortable travel.

Product Features

JD.com's new Headquarters building is recognized as a smart building with a variety of new cutting-edge building facilities installed, including facial recognition access, IP telephone and web conferencing systems using a high-speed 5G network, and AI-based building monitoring and smart lighting systems. MEBS is supporting smooth movement within the building by delivering elevators that are compatible with group control system and DOAS operation.

1) Group control system to enhance operational efficiency
– This system controls multiple elevators at all times to reduce waiting time and save electricity.
– The introduction of AI maximizes operational efficiency by predicting traffic in the buildings and controlling the number of elevators allocated accordingly.

2) Destination Oriented Allocation System (DOAS) to ensure comfortable travel
– This system eases congestion in elevator lobbies by distributing passengers according to their destination floor.
– By holding an ID card over the card reader, users can register their destination floor in advance and board the elevator without touching the hall button.

MEBS's Elevator Business in China

China is the world's largest elevator and escalator market, with an annual demand for new elevators and escalators exceeding 900,000 units. Although the growth in units sold has slowed considerably in recent years due to restrained speculation in the real estate market, moderate expansion is expected to continue against the backdrop of actual demand for public infrastructure and housing. MEBS will continue to respond to the needs of the Chinese market by providing safe, reliable, and comfortable products and services.

Overview of Project
Project Name: JD.com Headquarters (Second Phase Construction)
Location: Yizhuang Economic Development Zone, Beijing, China
Building: 5 basement levels and 19 above-ground stories
Total floor area: 530,000 m2
Products: Elevator(MAXIEZ) 123 units
Specification:
– High Zone
Unit: 84, Capacity: 1,800 kg, Speed: 240 m/m, No. of stops: 14-26, Notes: Group control system with DOAS
– Low Zone
Unit: 39, Capacity: 1,600 kg, Speed: 105 m/m, No. of stops: 3-10
Sales company: Shanghai Mitsubishi Elevator Co., Ltd. (SMEC)
Manufacturer: Mitsubishi Electric Shanghai Electric Elevator Co., Ltd. (MESE)

Overview of SMEC
Company Name: Shanghai Mitsubishi Elevator Co., Ltd.
Location: 811 Jiang Chuan Road, Minhang, Shanghai
Ownership:
– Shanghai Mechanical & Mechanical Industry Co., Ltd.: 52%
– China National Machinery Import & Export Corp.: 8%
– Mitsubishi Electric Corporation: 32%
– Mitsubishi Electric Building Solutions Corporation: 8%
Established: December 1986
Business: Sales, manufacture, installation, and maintenance of elevators and escalators

Overview of MESE
Company Name: Mitsubishi Electric Shanghai Electric Elevator Co.,Ltd.
Location: No.1211 Zhongchun Rd., Minhang, Shanghai
Ownership:
– Shanghai Mechanical & Mechanical Industry Co., Ltd.: 40%
– Mitsubishi Electric Corporation: 40%
– Mitsubishi Electric Building Solutions Corporation: 20%
Established: August 2002
Business: Sales, manufacture, installation, and maintenance of elevators and escalators

Overview of MEBS
Company Name: Mitsubishi Electric Building Solutions Corporation
Background: A new consolidated subsidiary of Mitsubishi Electric established in April 2022 to take over and integrate the building systems business of Mitsubishi Electric through an absorption-type split into Mitsubishi Electric Building Techno-Service Co., Ltd., a consolidated subsidiary mainly responsible for elevator maintenance and renewal business.
Location:
(Head Office) 7-1 Yurakucho 1-Chome, Chiyoda-ku, Tokyo
(Headquarters) 2-7-3 Marunouchi, Chiyoda-ku, Tokyo, 7-19-1 Arakawa, Arakawa-ku, Tokyo
Established: March 29, 1954 (Date of establishment of Mitsubishi Electric Building Techno-Service Co., Ltd.)
Founded: April 1, 2022
Paid-in Capital: 5,000 million yen
Representative: Tadashi Matsumoto
Business:
– Development, manufacture, sales, installation, maintenance, repair, etc., of elevators, escalators and building management systems
– Sales, installation, maintenance and repair of refrigeration systems and air conditioners
– Comprehensive building management, including monitoring and control of various building facilities, facility management, operation, and consulting

*1 In addition to the latest smart building equipment, the building is designed with consideration for the environment in accordance with China's Green Building Assessment (GB standard), which has been in effect since 2006.

Customer Inquiries
Strategic Planning Division, Global Business Group
Mitsubishi Electric Building Solutions Corporation
bod.inquiry@rk.MitsubishiElectric.co.jp

Media Inquiries
Corporate Communication Division
Mitsubishi Electric Building Solutions Corporation
a_meltec-kouhou@meltec.co.jp

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Avi8ted Ventures Showcase Washington, D.C.’s Progress as a Global Emerging Tech Ecosystem for BIPOC and Women Founders

Washington, D.C., Jul 25, 2022 – (ACN Newswire) – Avi8ted Ventures, a DC-based impact innovation ecosystem operating at the intersection of Real Estate, Tech, and Culture to host DC's Futurist Startup Showcase, bringing investors and partners together with BIPOC and Women Founders. Avi8ted Ventures, Ying Skillsharing, and Jentry Search will showcase sustainable community harnessing business models that leverage technology and economics for the sake of the people, while providing Futurist insight on the Human Experience. The goal of the event is to raise both capital and awareness, while connecting Avi8ted Thought leaders such as investors, professionals, politicians, artists, and activists passionate about elevating the human experience for all.

"Crunchbase data shows that Black founder's received less than 1.4% of U.S venture investment last year and currently. Washington, D.C is becoming one of the best places to build a startup, but most of the BIPOC and Women early-stage entrepreneurs we speak to aren't aware of the local resources that are available to elevate them," says Avi8ted Ventures CEO, Charlton Woodyard II. "The Avi8ted Ventures showcase is a catalyst to empower the BIPOC and Women startup ecosystem," Woodyard II continues. Avi8ted will be previewing their custom Avi8ted House app, the digital home of the Avi8ted network and ecosystem.

Join us as Avi8ted Ventures, YING, and Jentry present sustainable community-harnessing business models that leverage technology and economics for the sake of the people. Music, Hors d'oeuvres and drinks provided!

DC's Futurist Startup Showcase is an evening of connecting, investing and building a better future that will occur on Saturday, July 30th at the Pierce School, NE Washington DC. This is a private event that will begin punctually at 3:00pm.

About Avi8ted Ventures

Founded by Charlton Woodyard II in 2008, Avi8ted Ventures is a BIPOC owned/operated impact innovation ecosystem operating at the intersection of real estate, tech, and culture as a Real Estate fund with 20% discretionary towards Private Equity/Venture.

Avi8ted Ventures is committed to developing a social ecosystem for elevated ideas to thrive worldwide. For more information visit Avi8tedthoughts.com.

For more information about Avi8ted House: https://avi8tedhouse.com/
For more information about Membership: https://www.Avi8ted.life/
For more information about Charlton Woodyard II: https://www.charlton.global/
Contact info@av8t.co

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

KWIH launches Navale in Shanghai and Sierra in Nanjing, First batch of units fully subscribed on the first launch day

HONG KONG, Jul 18, 2022 – (ACN Newswire) – K. Wah International Holdings Limited ("KWIH" or "the Group") (stock code: 00173) launched premium residential property projects, Navale in Pudong New District, Shanghai, and Sierra in Jianye District, Nanjing, for sale this June. Both recorded satisfactory results. The first batch of units nearly sold out on the first launch day, and more units of Sierra have subsequently been launched on the market.

Located in Pudong New District of Shanghai, Navale occupies a total GFA of approximately 14,200 square metres (sq.m), providing more than 100 distinctive residential units with an area ranging from 73 to 314 sq.m. The project was unveiled in mid-June, and all units launched on the first day of sales have been subscribed, affirming to the market's confidence in the KWIH brand and the quality of its properties. The average transaction price of the units was RMB 127,000 per sq.m. Navale is situated by the riverside of Lujiazui, overlooking the bustling and beautiful Huangpu River. Built by EID Architecture, a world-renowned architectural firm. The facade of the building adopts a multi-layered wave design, which cleverly integrates the river view with the building. Located in the heart of an urban transportation hub with convenient transportation services, comprehensive facilities in the neighbourhood and a unique and stylish appearance, the project is set to become a landmark property in the region.

In addition, phase one of Sierra, the residential portion of a large-scale comprehensive development project located in Jianye District, Nanjing, commenced sales in June. The residential portion has a total GFA of approximately 125,000 sq. m., consisting of 11 high-rise residential buildings with approximately 856 units. It features a glass curtain wall facade and user-centric layouts. The project launched three residential blocks since June, in which almost all units were subscribed on the day of launch. Average transaction price of the units subscribed was approximately RMB 50,000 per sq. m. Sierra enjoys the advantage of convenient access to a transportation hub. Located in beautiful surroundings, the residences are close to ecological areas such as Nanjing International Friendship Park and Nanjing Yuzui Wetland Park, as well as a comprehensive range of amenities including commercial, entertainment and education facilities. The Group will continue to launch other residential blocks as planned. Construction of SIERRA commenced in the second half of last year and has been progressing well. It is expected to be completed in 2024.

Ms Paddy Lui, Executive Director of KWIH, said, "KWIH has been in the Mainland property market for three decades, and has adhered to the development philosophy of delivering exquisite properties with supreme quality. The Group's properties have been widely recognised by the market and users alike. The Group will seize market opportunities to further launch units at projects in Eastern China that have commenced sales activities. This includes Navale in Pudong New District, Shanghai; Cavendish in Jiangning District, Nanjing; Vetta in Xiangcheng District, Suzhou; and Avanti in National Hi-tech District etc. Meanwhile, the Group will continue to support the country's development strategies, participate in the development of the Yangtze River Delta and Greater Bay Area, with commitment to develop more iconic, quality projects including premium residential developments and comprehensive development projects to support the city development with the common vision of innovation and sustainability."

About K. Wah International Holdings Limited (stock code: 00173)
K. Wah International Holdings Limited ("KWIH"), listed in Hong Kong in 1987, is the property flagship of K. Wah Group. An integrated property developer and investor with a foothold in Hong Kong, the Yangtze River Delta and Pearl River Delta regions, KWIH encompasses a portfolio of large-scale residential communities and comprehensive development undertakings such as premium residential developments, Grade-A office towers, hotel and serviced apartments, and retail premises. Cresleigh Property, the property management arm of KWIH, delivers exceptional hotel serviced property management services guided by advanced and international standards in general to premium residential buildings, commercial facilities, office towers and real estate complexes. Driven by a keen market sense and a versatile strategy, and backed by strong financial capability, KWIH has built up a prime land reserve in major cities of China, and thus a strong foothold for future growth.

KWIH is a constituent stock of the Hang Seng Composite SmallCap Index, MSCI Hong Kong Small Cap Index and Hang Seng Stock Connect Greater Bay Area Composite Index as well as an eligible stock under the Shenzhen-Hong Kong Stock Connect programme. KWIH held a 3.73% stake in Galaxy Entertainment Group Limited (stock code: 00027) as of 31 December 2021.

Website: http://www.kwih.com

Media Enquiries:

K. Wah International Holdings Limited
Helen Cheung Tel: (852) 2960 3739 Email: helencheung@kwah.com
Crystal Chan Tel: (852) 2880 8264 Email: crystalchan@kwah.com
Fax: (852) 2811 9710

Strategic Financial Relations Limited
Iris Lee Tel: (852) 2864 4829 Email: iris.lee@sprg.com.hk
Shelly Cheng Tel: (852) 2864 4857 Email: shelly.cheng@sprg.com.hk
Vivienne Leung Tel: (852) 2864 4862 Email: vivienne.leung@sprg.com.hk
Fax: (852) 2527 1196

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SHKP Shopping Malls Clinch 1 Gold and 3 Silvers at 2022 ICSC MAXI Awards

HONG KONG, Jul 11, 2022 – (ACN Newswire) – Twelve major shopping malls under Sun Hung Kai Properties (SHKP) including East Point City, Harbour North, Landmark North, Park Central and Mikiki have been flexing their creative muscles amid the pandemic with out-of-the-box campaigns as well as all-encompassing promotion and marketing strategies both online and offline. Their outperforming promotion campaigns have gained recognition at the 2022 MAXI Awards with one gold and three silver awards, and are the only winners from Hong Kong among the global application.

'LINE FRIENDS WORLD FEASTival' by SHKP 8 malls

'Let's Paw-ty in Art Gallery: Cat Art & Dog Art Series' by Harbour North

'City Escape – Korea Winter Carnival' by Park Central

'ULTRAMAN Experience Lab' by Mikiki

Fiona Chung, Director of Sun Hung Kai Real Estate (Sales and Leasing) Agency Limited, was delighted by the results

The MAXI Awards given by the International Council of Shopping Centers (ICSC) have long been regarded as the 'Oscars of shopping centres' – coveted industry awards bestowing the highest honour. For this year, eligibility for the awards has expanded to cover shopping centres all over the world, pitting them against each other for the same awards.

'LINE FRIENDS WORLD FEASTival' by eight of the SHKP shopping malls, 'City Escape – Korea Winter Carnival' by Park Central and 'ULTRAMAN Experience Lab' by Mikiki, were each a silver winner in the Experiential category. Harbour North was awarded a gold winner with its critically-acclaimed campaign 'Let's Paw-ty in Art Gallery: Cat Art & Dog Art Series', marking the only Hong Kong shopping centre for the gold trophy in the Experiential category.

Fiona Chung, Director of Sun Hung Kai Real Estate (Sales and Leasing) Agency Limited, was delighted by the results. 'The 12 major shopping malls of SHKP embraced the challenges posed by the pandemic and turned them into opportunities. We formulated campaigns which were as innovative as they were attention-grabbing. We offered a quality and novel customer experience to attract footfall. We stepped up promotion efforts and expanded the coverage, which in turn brought a significant increase in business takings. The international recognitions are a great encouragement to the teams. The 12 shopping malls of SHKP will continue offering brand-new interactive experiential activities in the future, bringing a better leisure and shopping experience to customers.'

SHKP created buzz and charted a way out of the pandemic through campaigns that captivated Hong Konger
Informed by aptly formulated strategies, SHKP's 12 major shopping malls launched campaigns geared towards popular tastes and preferences to stay ahead in the local market. Through twin promotion efforts from both online and offline, the shopping malls harnessed the power of digital marketing, social media and membership programme 'The Point App' to promote their campaigns.

Harbour North was aware of the topic that is near and dear to Hong Kong people – their love for pets. It, therefore, launched 'Let's Paw-ty in Art Gallery: Cat Art & Dog Art Series', which curated renowned artwork reimagined with cats and dog portraits from America. The campaign introduced pet art to the community and raised public awareness of loving cats and dogs. KOLs catering to different audiences were invited to check in with the art installations, which garnered momentum on social media and became the talk of the town. The snowball effect helped establish the pet-friendliness for the shopping mall.

Eight shopping malls across Kowloon and the New Territories, namely East Point City, Landmark North, Mikiki, PopWalk, life@KCC, Chelsea Heights, K-Point and Blossom Garden, jointly launched the wildly popular 'LINE FRIENDS WORLD FEASTival' amid the pandemic, where customers could enjoy the famous sights from around the world. Innovative interactive mobile games with AR technology brought an exceptional virtual world public with generous prizes attracting footfall. These events, which spanned various shopping malls, created synergy and buzz.

Mikiki's 'ULTRAMAN Experience Lab' was launched to coincide with ULTRAMAN's 55th anniversary and to rekindle the fond memories of the superhero character. The event space was transformed into the training ground of ULTRAMAN, with classic scenes from the animation and interactive experiences connecting ULTRAMAN fans of all ages. Customers could take the slow-motion videos shot on 360 degree panoramic camera and shared on social media, thus achieving word-of-mouth publicity.

In view of the travel ban, Park Central launched 'City Escape – Korea Winter Carnival' where Korea aficionados were able to experience the romantic Korean winter in Hong Kong, extending the trend of 'pseudo-tourism'. The virtual reality games enhanced customers' experience, and the usage of technology added to the enjoyment while minimising physical contact in times of pandemic.

Four Awards Won by 12 SHKP Shopping Malls in 2022 ICSC MAXI Awards
'Let's Paw-ty in Art Gallery: Cat Art & Dog Art Series' – Harbour North
Experiential > Shopping Centers under 500,000 sq. ft. – Gold
'City Escape – Korea Winter Carnival' – Park Central
Experiential > Shopping Centers under 500,000 sq. ft. – Silver
'ULTRAMAN Experience Lab' – Mikiki
Experiential > Shopping Centers under 500,000 sq. ft. – Silver
'LINE FRIENDS WORLD FEASTival' – East Point City, Landmark North, PopWalk, Mikiki, life@KCC, Chelsea Heights, K-Point and Blossom Garden
Experiential > Joint Centers – Silver

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Elite Partners Acquires Distribution Facility in UK

LONDON, Jul 6, 2022 – (ACN Newswire) – Elite Partners Capital ("EPC") has completed another acquisition of a distribution facility in the UK for over GBP 30M.

The asset is located within Wrexham Industrial Estate, a premier industrial location and one of the largest industrial estates in the UK, well placed to serve both Wales and England. The estate extends to over 550 hectares and is home to over 340 businesses creating employment for over 10,000 people. The distribution facility, consisting of two detached industrial warehouse facilities, provides in total 723,114 sqft of built up space on a 45.9 acres land. It is fully let to one of the UK's largest shop-at-home retailers Shop Direct Home Shopping (a subsidiary of The Very Group – a multi-brand online retailer and financial services provider in the UK and Ireland).

This represents the first UK acquisition for the second series of EPC's Logistic Funds. Riding on its strong track record and the deep network the manager has built over the years, Elite Logistics Fund II continues to focus on building a portfolio of high-quality logistics warehouse or infrastructure across Europe and the UK.

The acquisition in Wrexham, according to Mr. Victor Song, CEO of Elite Partners Capital, is part of the firm's bigger plan to amass an institutional-scale portfolio of prime logistics assets across Europe and the UK. He added, "We believe that this asset is particularly well-placed to benefit from the highly dynamic logistics market in the UK where the demand for logistics warehouses remains strong and resilient".

The UK Industrial & Logistics sector has seen an outperformance due to the e-Commerce boom over the years, which was further accelerated by the Covid-19 pandemic.

For this transaction, Colliers acted for Elite Partners Capital and B8 Real Estate acted for the vendor.

About Elite Partners Capital

Incorporated in 2017, Elite Partners Capital is a Singapore-based licensed fund manager. The Elite Logistics Fund series has a Pan-European strategy focusing on prime logistics assets in the high-growth and defensive sectors.

Media Contact:
enquiries@elitepartnerscapital.com

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