Asia's largest REIT eyes more China deals

Link Real Estate Investment Trust, Asia's largest REIT by market capitalization, spent two years looking at more than 100 potential assets in the Chinese mainland before settling on two recent landmark deals, its chief executive George Hongchoy has revealed.

The fact underscored the Hong Kong-based company's prudent investment strategy, said Hongchoy, adding that prime assets are not scarce here, but reaching a deal can be tricky.

"Properties sold by Li Ka-shing in the mainland are too pricey," Hongchoy said, responding to questions on how he viewed the Hong Kong tycoon's recent mainland asset sales.