HONG KONG, Feb 24, 2023 – (ACN Newswire) – 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 2022.

Overview
The local market sentiment gradually improved as COVID-19 moderated throughout the year. Nevertheless, the global economy in 2022 was marked by rising interest rates and inflation which dampened consumer sentiment and raised borrowing costs. The severe fifth wave of COVID-19 in the first quarter caused considerable interruptions for our tenants as well as the overall leasing momentum of our properties. Champion REIT recorded a drop in distributable income by 13.6% to HK$1,298 million and distribution per unit ("DPU") declined 14.0% to HK$0.1956.

Three Garden Road
Three Garden Road recorded a shrank of the rental income by 7.8% to HK$1,346 million in 2022 (2021: HK$1,460 million). Occupancy of Three Garden Road was 82.7% as at 31 December 2022 due to downsizing and relocation of tenants in the financial industry.

Langham Place Office Tower
Total rental income of the property was relatively stable at HK$363 million (2021: HK$365 million). Occupancy of the property was 93.3% as at 31 December 2022. Lifestyle tenants remained a mainstay among the new occupiers, accounting for 71% as at 31 December 2022.

Langham Place Mall
Full year tenants' sales went up 8%, outperforming the overall Hong Kong retail sales which dropped by 0.9% in 2022. The beauty segment recorded an encouraging growth, contributing to a 210.4% increase in turnover rent portion to HK$117 million. The total rental income of the property went down 3.1% to HK$650 million (2021: HK$670 million). The mall remained fully occupied as at 31 December 2022.

Distribution
Distributable income of the Trust dropped 13.6% to HK$1,298 million (2021: HK$1,503 million) and DPU dropped 14.0% to HK$0.1956 (2021: HK$0.2275). Based on the closing unit price of HK$3.08 recorded as at 30 December 2022, the total DPU represented a distribution yield of 6.4%.

Asset Value
The appraised value of the Trust's property portfolio was HK$63.6 billion as at 31 December 2022, declining 2.7% from HK$65.3 billion as at 31 December 2021.

Sustainability
While making a stable progress in our 2030 Environmental, Social and Governance ("ESG") targets, the establishment of the 2045 Net Zero roadmap further reinforces our decarbonisation commitments. Besides the first existing building in Hong Kong to achieve the WELL Building Platinum Standard, our ongoing decarbonisation advancement and green innovation enable Three Garden Road to attain its "Double Platinum" honour along with the Platinum certification of BEAM Plus Existing Building with Hong Kong's highest score. We also launched a series of activities circled on the "Love . Play . Farm" project to achieve both green and social sustainable impacts.

Outlook
The gradual relaxation of COVID-19 measures for residents and visitors in Hong Kong, as well as the border reopening with mainland China should benefit the local economy. Overall, 2023 remains a challenging year for the Trust in view of potential global economy recession despite the fact that mainland China's reopening is expected to reinvigorate the retail and potentially office markets.

Looking forward, we will continue to take a prudent approach on liability management and treasury management to identify yield enhancing opportunities. For potential acquisitions, we will continue to take an opportunistic and conservative approach. We will continue to monitor the market conditions, and capture business opportunities to enhance the performance of the Trust, and collaborate closely with tenants and stakeholders on our sustainability journey.

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 a 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


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HONG KONG, Jan 16, 2023 – (ACN Newswire) – Champion Real Estate Investment Trust ("Champion REIT" or the "Trust") (Stock Code: 2778), owner of Three Garden Road and Langham Place, hosted "Love . Play . Farm" Harvest Day on 14 January. Together with The Coffee Academics, the Trust presented the "First-in-Hong Kong" organic Mint Lemonade, putting into practice the "waste to farm to table" concept. Tenants who attended farming workshops earlier and children who participated in mural painting were invited to Langham Place to join the meaningful event.

Last year, the Trust invited the young local artist Zue Chan to lead a group of children from disadvantaged families in Tin Shui Wai and children of colleagues in painting an outdoor mural to bring art into Langham Place Mall. The activity also marked the debut of "Love . Play . Farm" activities. Other than being a visual attraction, the mural painting stands for Champion REIT's efforts to connect different groups in the community and hopes to instill in the children the awareness of green living style.

The Trust has also leveraged Langham Place Mall's prime location to hold organic urban farming workshops for tenants that they experienced planting seasonal produces like kale, cauliflower and eggplant. Tenants learned organic farming techniques, including sowing seeds, using fertilisers and watering, and enjoyed the fun and happy surprises from farming. On the Harvest Day, tenants had great satisfaction reaping the vegetables they grew, appreciating the fruit of their hard work. The Trust also has a few coffee trees growing in the farm at Langham Place Mall, rather rare in Hong Kong.

Moreover, the Trust has been cooperating with The Coffee Academics to recycle coffee grounds into fertiliser. The two partners have also used the mint leaves harvested from the farm to create the "First-in-Hong Kong", organic Mint Lemonade drink, a true example of the "waste to farm to table" concept. To encourage living green in the community, the Trust donated 240 cans of Mint Lemonade to St. James' Settlement and Haven of Hope Christian Service.

Ms Christina Hau, Chief Executive Officer of Champion REIT, said, "The 'Love . Play . Farm' Harvest Day could not have been possible without tenants' strong support and active participation. Looking ahead, on top of focusing on sustainable development, we will keep looking to work with different stakeholders to promote waste and carbon reduction, aiming for synergies so that we may boost the overall well-being of stakeholders."

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


Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HONG KONG, Dec 20, 2022 – (ACN Newswire) – Champion Real Estate Investment Trust ("Champion REIT" or the "Trust"; stock code: 2778), owner of Three Garden Road and Langham Place, has launched a series of promotional activities at Langham Place Mall to increase foot traffic and boost consumption in time for the Christmas season. With 30 new stores opened in 2022 and a 100% occupancy rate, Langham Place Mall is one of the few major shopping malls in Hong Kong that has been able to maintain full occupancy during the pandemic.

People's lifestyles and consumption habits have changed due to the pandemic. In view of this, Langham Place Mall has adjusted its business strategy and continuously improved its tenant mix. Currently, catering services accounts for approximately 20% of the tenant portfolio. The mall is committed to providing a diversified shopping, dining and lifestyle experience to local customers. Recently, Langham Place Mall has opened several new restaurants, including the #HAP Taiwanese Hotpot with novel decoration. In addition, Campsite with luxury camping theme will be opened after Christmas. The restaurant provides a variety of western dishes, combined with natural ingredients, so that diners can have a new dining experience in the camping environment. Disney fans should not miss the first Hong Kong Disney authorised new retail experience selfie shop – Good Moment, consisting of various Disney scenes with AR technology, which provide customers with extraordinary entertainment experience.

Langham Place Mall is holding the "Disney and Pixar Fluffy Festival" at the L4 Atrium. The event features a six-metre tall Disney and Pixar Fluffy Christmas Tree, the first of its kind in Hong Kong, and a "Chill Fluffy Pop-Up Store" offering close to 300 new Disney Fluffy products, which have received overwhelming response.

As a pet-friendly mall, customers can visit it and enjoy shopping with pets by putting them in the pet carrier or pet stroller provided. To promote the pet-inclusive message, pet owners have been invited to participate in the "Fluffy Christmas Party", giving them an opportunity to take pictures with their beloved fluffy friends. Langham Place has hosted the "Doggie Adoption Day" event in cooperation with the HK Saving Cat And Dog Association (HKSCDA) at Eaton Club, 5/F Langham Place Office Tower, encouraging the public to "adopt instead of shop" and extend their unconditional love.

In order to capture the traditional peak holiday shopping season, Langham Place Mall has also prepared 20,000 lucky draw gifts for customers. It will have a synergistic effect with the mall's Christmas events, stimulating spending with unique sales experience. Besides, Langham Beauty has launched the "Triple Special Offers" for this Christmas, bringing a series of surprises to customers. They can participate in "Christmas Greeting Cards Postal Service", which allows them to mail Christmas cards to relatives and friends to express their holiday wishes. In addition, customers who spend HK$500 can join the "LANGHAM BEAUTY Advent Calendar" promotional activity. For those who spend HK$300, they can play the Shopping Bonus at Capsule Vending Machine, and win fabulous prizes.

Ms Christina Hau, Chief Executive Officer of Champion REIT, said, "With its prime location, regularly updated tenant portfolio and unique promotion activities, Langham Place has won the hearts of tenants and customers over the years, and has been recognised as a popular and fashionable social and shopping hotspot for young customers. During COVID-19, the Trust actively adopted flexible leasing strategies and joined hands side by side with tenants to explore business opportunities and that generate long-term value."

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


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

BANGKOK, THAILAND, Dec 16, 2022 – (ACN Newswire) – PropertyGuru Group (NYSE: PGRU), ("PropertyGuru" or the "Company"), Southeast Asia's leading property technology company, launched its annual celebration of outstanding female leaders in the region at the PropertyGuru Asia Real Estate Summit (ARES) VIP Cocktail Party on 8 December 2022 in Bangkok, Thailand.

Themed 'Celebrating Power Women in Real Estate', this exclusive gathering sponsored by PropertyGuru for Business stresses the importance of equality in real estate and tech, which was among the crucial themes discussed at ARES 2022 during its thought leadership summit themed 'Adaptive Reinvention'.

While more diverse representation in real estate has improved, the lack of women in senior leadership roles is still apparent. A study conducted by Urban Land Institute's Women's Leadership Initiative in major Asia Pacific countries revealed that merely 37 percent of women are in top positions, while 50 percent identified how company policies, including maternity/familial leaves and flexible work hours, are critical to their success and advancement.

PropertyGuru Group is committed to driving diversity, equity and inclusion in the workplace and alongside their partners, "We are building for the future – a future that is more equitable, a future where more of us can have a fair shot at equal opportunities in life. Be it housing, job opportunities, community contribution, and more" said Ho Shyn Yee, Managing Director of Data and Software Solutions and executive sponsor of Women in Leadership at PropertyGuru Group.

This year, ARES' focus on DEI is greater than ever, granting the stage to over 50 percent of women and members of the LGBTQ+ community. To showcase their valuable contributions to the industry, the ARES VIP Cocktail Party honoured four outstanding women leaders from across the region, such as Cyndy Tan Jarabata, the President of TAJARA Leisure & Hospitality Group, Inc. and the first female chairperson of the PropertyGuru Philippines Property Awards.

Upon receiving the honour, she said: "There is still so much opportunity in the Philippine property sector and no limit to what we can achieve. We need to be consistent in creating value for our community and differentiate offerings in order to build better in today's built environment."

Loemongga Haoemasan, the President Director at Asiana Group (Indonesia) and an esteemed speaker at this year's ARES, was also one of the honourees of the evening. With this recognition, she hopes that, "PropertyGuru's continued support to equality will open many doors and opportunities for other women in the industry and we can inspire others."

Sarena Cheah, Managing Director of the Property Division at Sunway Berhad, who was also the Real Estate Personality of the Year recipient at the PropertyGuru Asia Awards Malaysia in 2020, echoes her sentiment, saying, "I hope that each of us continue to celebrate the Power in Women for many years to come as we pursue in creating positive influences to our homes, society, and nation, together."

Suphin Mechuchep, the Chairperson at JLL Thailand and PropertyGuru Thailand Property Awards, expresses her gratitude for the honour, "When I chose to start my work life in real estate 30 years ago, I knew that I would have a great opportunity to develop my career path in this major sector that touches everyone's life. But I didn't expect to come this far. I feel very delighted and honoured to be named as one of the ARES Power Women."

As a token, these inspiring women were given equally inspiring necklaces from Fugeelah. Established by Deborah Henry in 2017 with support from UNHCR & Rotary Malaysia, this women-led conscious jewellery brand has been at the forefront of educating, employing, and empowering refugee children and youth. The brand's main objective is to contribute to sustainably managing Fugee School, a non-profit organisation, so it can continue to offer free education and support for all refugees.

Magali Du Parc Crosta, co-founder and senior strategic advisor at Baan Dek Foundation, as well as founder of Thai social enterprise Dao Ethical Gifts, was among the notable women present at the celebration. As an enterprise that empowers women in marginalised communities, through the establishment of Dao, Magali "envisions a world where vulnerable women are able to realise their childhood dreams, gain a newfound sense of ambition, and thrive in safer communities."

PropertyGuru Asia Real Estate Summit (ARES 2022) is supported by official MICE partner Thailand Convention and Exhibition Bureau (TCEB); official partner PropertyGuru for Business; official channel partners History and Lifetime; official magazine and podcast Property Report by PropertyGuru; official PR partner Artemis Associates; media partners d+a Magazine, Esquire PH, Hot Magazine, People Asia, REm Thailand, Southeast Asia Globe, The Grid, and Think of Living; official ESG partner Baan Dek Foundation; official charity partner Liter of Light; and supporting associations Green Building Consulting & Engineering, IFC – Building Resilience Index, IFC – Excellence in Design for Greater Efficiencies, and REHDA Institute.

For more information, visit AsiaRealEstateSummit.com or email ares@propertyguru.com.

PropertyGuru Group contacts:
Speakers & Corporate:
Richard Allan Aquino
Head of Brand & Marketing Services
Tel: +66 92 954 4154
Email: allan@propertyguru.com

Sponsorships:
Kanittha Srithongsuk
Regional Manager of Awards Sponsorship
Tel: +66 87 708 5237
Email: kanittha@propertyguru.com


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

HONG KONG, Dec 15, 2022 – (ACN Newswire) – PropertyGuru Group (NYSE: PGRU), Southeast Asia's leading property technology company, has returned its thought leadership platform, the PropertyGuru Asia Real Estate Summit (ARES), to the physical stage, drawing the most brilliant minds from around the world to the Thai capital.

Following the sucessful virtual summit editions in 2020 and 2021, the 2022 edition of PropertyGuru Asia Real Estate Summit, supported by the Thailand Convention and Exhibition Bureau (TCEB) and PropertyGuru for Business, is themed 'Adaptive Reinvention.' The day-long programme focused on the way forward for the real estate and tech sectors as they emerge from the pandemic era and continue reckoning with climate realities.

Emceed by seasoned broadcaster Tina Ryan, ARES 2022 took place 8 December 2022, marking 15 years since the foundation of PropertyGuru Group. The 2022 edition of the Summit also coincided with the launch of its enterprise brand, ProeprtyGuru for Business.

Hari V. Krishnan, chief executive officer and managing director of PropertyGuru Group, said, "Today, PropertyGuru completes fifteen years of operations, and we mark it with the launch of our enterprise solutions brand 'PropertyGuru For Business', that aims to guide enterprise clients such as property developers, agencies, banks, valuers, city planners and policy makers. It is our ambition to bring transparency within the real estate journey and create a trust platform for home seekers and our business partners. By harnessing the integrated power of our proprietary data, technology and people, we hope to empower our business partners and customers to make better informed decisions.

At an enterprise or a city level, these decisions can impact thousands, or even millions of people, and PropertyGuru For Business is here to guide our clients to maximise growth opportunities, while reducing risk and uncertainty. We believe PropertyGuru for Business is a timely launch as we hope to equip our enterprise clients with the right data, tools and information to be able to navigate the uncertain economic conditions that lie ahead and be better prepared to serve their customers."

Jeremy Williams, managing director for marketplaces at PropertyGuru Group, said: "For the eighth year, the PropertyGuru Asia Real Estate Summit has gathered the brightest minds, top-level business leaders, and decision-makers in the property and technology sectors from around the world. Over these eight years, our goal for PropertyGuru Asia Real Estate Summit has remained constant: to educate, innovate and inspire-sharing ideas, inspiring innovation, and developing practical solutions that can help improve our built environments.

"Our theme this year is adaptive reinvention. We will focus on how our cities, communities and built environments can adapt to changes and how we, the inhabitants and developers of these environments, can use best practices and lessons from the past to build the communities of tomorrow."

More than 40 global experts from around the world flew in for the summit at The Athenee Hotel, a Luxury Collection Hotel, Bangkok where they issued and renewed a call for adaptation and mitigation in a world changed by the coronavirus and global warming. The discussions and presentations challenged the audience-in addition to viewers tuned in to the live stream of the Summit on its official YouTube and Facebook channels-to exercise critical thinking in the areas of sustainability, inclusivity, diversity, and creativity after the pandemic.

The 8th PropertyGuru Asia Real Estate Summit was thematically divided into four segments: Restart/Rebound; Revive/Reboot; Rethink/Reset; and Reimagine/Reinvent.

The programme opened with a call to action on urban change from Stephen Oehme, the managing director of Quantum Thailand Ltd and a former board member of Burj Khalifa Dubai. The first segment of the programme also included a keynote on sustainability by Erastus Njuke Ndugire, programme manager for the City Investment Facility at the United Nations Human Settlement Programme (UN-Habitat) and a keynote on the state of Asia's current macroeconomy by Syetarn Hansakul, Asia Analyst for the Economist Intelligence Unit.

The second segment of the summit included a keynote on financing instruments and climate investments in property businesses by Kim-See Lim, regional director of East Asia and the Pacific at the International Finance Corporation (IFC)/The World Bank Group, as well as a keynote on humanitarian tech by Illac Diaz, founder of Liter of Light Foundation and winner of PropertyGuru's Visionary of the Year award in 2020. Tech entrepreneur Dustin Jefferson Onghangseng also presented a showcase of comprehensive air sensor uHoo, winner of the 2021 PropertyGuru Tech Innovation Award.

The second segment ended with a discussion on the property rights of the LGBTQI+ community in Asia, moderated by drag artist and television host Pangina Heals, with panellists Nick Myers, founder and CEO of RedFox AI; Ramil Andag, SOGIESC rights officer of APCOM Foundation; and William Tan, real estate advisor and co-founder of Prident and Haus of Pride.

The third segment, opened with a discussion on data-driven sustainable affordable housing solutions panel (co-presented by REHDA Institute) featuring Dr. Nai Jia Lee, head of real estate intelligence at PropertyGuru Group, and Ryan Ip, CFA, MRICS, research director and head of land and housing at Our Hong Kong Foundation, with moderator Tan Sri Datuk Eddy Chen Lok Loi, trustee of REHDA Institute and group managing director of MKH Berhad. International broadcaster Manisha Tank led the following discussion that focused on smart post-Covid development strategies, with panellists Josh Chye, partner and head of tax at HLB Mann Judd and board member and treasurer of the Property Funds Association of Australia; Stephen Pimbley, founding partner and director of SPARK Architects; Winston Lee, director of special projects at PropertyGuru Group; and Ir. Dr. Zulhkiple A. Bakar, managing director of Perunding ZAB Sdn Bhd.

The third segment continued with the Design keynote, delivered by Marshall Blecher, founding partner of MAST, the Copenhagen-based architecture studio working with water to create innovative, open and sustainable spaces. Another panel discussion, moderated by Variety media analyst and correspondent Heidi Chung, featured leading voices pushing for a sustainability-first mindset among developers, investors and consumers in Asia: Dr. Kessara Thanyalakpark, managing director of Sena Development Public Company Limited; Kristin Thorsteins, regional head of partnership growth, APAC West, IWG; Rachanee Chanawatr, Asia-Pacific principal of the International Financial Corporation/World Bank Group; Stephen Oehme; and Thien Duong, general director for Vietnam at GroupGSA.

The segment closed with a discussion among powerful women leaders: Coco Liu, chief regional officer of APAC, HLB; Jean Jacquelyn de Castro, CEO of ESCA Incorporated; Loemongga Haoemasan, president director of Asiana Group; and Shyn Yee Ho-Strangas, managing director of data and software solutions at PropertyGuru Group, with Palanca-winning author and journalist Jessica Zafra as moderator.

ARES 2022's final segment gathered some of today's most influential content creators and personalities to discuss the effects of new media on property seekers: Jett Gunther, video producer and news anchor for Thaiger; Nelly Hrnic, creator of Nelly's Life and Making It Happen; and Wil Dasovich, television personality and creator, with the special participation of Illac Diaz.

The final segment was also an opportunity to present several honours to outstanding game-changers and innovators. PropertyGuru Tech Innovation Award, a benchmark of excellence for startups and SMEs with game-changing products and innovations in proptech, was presented to Rebricks, an Indonesian company that transforms rejected waste into useful building materials. Jules Kay, general manager of PropertyGuru Asia Property Awards & Events, had engaged Novita Tan and Ovy Sabrina, founders of Rebricks, in a fireside chat about the journey of trash to eco-friendly bricks. The company bested contenders from the US and Thailand for the award.

Manav Kamboj, chief technology officer of PropertyGuru Group, was on hand to present the Developer's Choice award to the winner of PropertyGuru Hackathon 2022: Selling Sunsets, a market insights and campaign tool. Kamboj also delivered the highly anticipated Guru Keynote.

The 2022 Visionary of the Year award was presented to Colin Chee, founder of popular web series Never Too Small, whose unique, distinctive storytelling skills and passion for small-footprint residential architecture and design have inspired a global movement. Chee, the fourth overall recipient of this honour, also presented a case study on repurposed structures.

Following the summit, distinguished guests headed to an exclusive gathering at the ARES VIP Cocktail Part: Celebrating Power Women in Real Estate, sponsored by PropertyGuru for Business, an occasion that honoured four influential women leaders who push for gender diversity and equality in their respective fields.

The 8th PropertyGuru Asia Real Estate Summit was part of the 'PropertyGuru Week', which included the presentation of the 17th PropertyGuru Asia Property Awards Grand Final. The presentation served as a culmination of the 2022 Awards series of in-person and virtual gala celebrations.

PropertyGuru Asia Real Estate Summit (ARES 2022) is supported by official MICE partner Thailand Convention and Exhibition Bureau (TCEB); official partner PropertyGuru for Business; official channel partners History and Lifetime; official magazine and podcast Property Report by PropertyGuru; official PR partner Artemis Associates; media partners d+a Magazine, Esquire PH, Hot Magazine, People Asia, REm Thailand, Southeast Asia Globe, The Grid, and Think of Living; official ESG partner Baan Dek Foundation; official charity partner Liter of Light; and supporting associations Green Building Consulting & Engineering, IFC – Building Resilience Index, IFC – Excellence in Design for Greater Efficiencies, and REHDA Institute.

For more information, visit AsiaRealEstateSummit.com or email ares@propertyguru.com.
PropertyGuru Group contacts:

Speakers & Corporate:
Richard Allan Aquino
Head of Brand & Marketing Services
Tel: +66 92 954 4154
Email: allan@propertyguru.com

Sponsorships:
Kanittha Srithongsuk
Regional Manager of Awards Sponsorship
Tel: +66 87 708 5237
Email: kanittha@propertyguru.com


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