In 2023, Link acquired Jurong Point and Swing By @ Thomson Plaza for $2.161 billion from a unit of NTUC Enterprise. As part of the transaction, Link took on operational staff at the property level to manage AMK Hub. At the time, Link's group CEO, George Hongchoy articulated that Link's aim is to manage assets as well as seeking capital partners to co-invest in assets.
Link Asset Management (Link), the manager of Link REIT has adopted "an evolved corporate identity" to support Link's evolving role as a real estate investor and manager, overseeing Link REIT and its real estate investment portfolio as well as Link Real Estate Partners (LREP), Link’s newly-launched fund management business.
"In the future, we anticipate that Link could manage a range of property investment vehicles on behalf of both public investors and private capital and this new brand architecture provides a system under which we can brand these different vehicles. We hope the change will reinforce our external positioning as the trusted partner in APAC Real Estate for unitholders, capital partners, tenants and the wider communities we serve," LInk says.
