SUNLIGHT REIT: Has introduced more mainland brands and will continue to balance the tenant mix in the future

SUNLIGHT REIT (00435.HK) has just announced its performance for last year. The group's CEO, Eddie Wu, stated that the group's shopping malls have introduced more mainland brands, and in the future, the group will continue to balance its tenant mix. He also welcomes more mainland brands to open stores in Hong Kong, hoping to achieve a flourishing business environment.

Eddie Wu mentioned that due to the different positioning of its shopping malls, the target customer group of Sheung Shui Centre mainly consists of mainland tourists, thus more mainland brands will be introduced; as for the Tseung Kwan O Metro City Phase 1, which is positioned as a community shopping mall, he revealed that they have recently received leasing intentions from medical institutions and community services, so it is expected that related industry tenants will be added to that mall.

Regarding office buildings, he indicated that in the second half of last year, the leasing demand from the financial services industry significantly increased, leading to an improvement in the leasing trend of the group, although recovery is still needed. Among them, the occupancy rate of the Daxin Financial Centre remained stable at 91%.

He continued to state that the number of financial industry-related tenants in the Daxin Financial Centre has significantly increased to nearly 40%, believing that the building's successful transformation into a financial center image and positioning will help continue attracting more tenants. The Director of Finance and Investor Relations, Ye Mei Ling, added that the leasing period for financial institutions is generally longer, and their rental affordability is also stronger than that of other industries