Hong Kong REIT reaches new horizons 24 August 2016Eindhoven, Netherlands Reporter: Shirley Fehr Rodriguez
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New Century REIT has acquired Holiday Inn in Eindhoven, the Netherlands.
Deutsche Bank Hong Kong is involved in the asset as trustee. This is the first acquisition outside of Hong Kong and mainland China by a Hong Kong-listed REIT.
Ivy Fung, head of corporate trust sales of Asia Pacific at Deutsche Bank, said: “Our track record combined with our strong execution capabilities and expertise enables us to be a leading trustee in the market. We look forward to continuing to support New Century REIT and our other REIT clients.”
Deutsche Bank has been assigned for all the new REIT IPOs launched in Hong Kong since 2007.
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