- CEO
- Lai Hung Wong
- Full Time Employees
- 1
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Unit 901, Level 9, Fortune Metropolis, 6 The Metropolis Drive, Hunghom, Kowloon Hong Kong Hong Kong
- IPO Date
- Dec 16, 2005
- Business
- Prosperity Real Estate Investment Trust (808.HK) operates as Hong Kong's first private sector real estate investment trust listed on the Main Board of the Stock Exchange of Hong Kong Limited, owning a diversified portfolio of seven high-quality commercial properties in the decentralized business districts of Hong Kong with a total gross rentable area of approximately 1.28 million sq. ft. and 498 car park spaces; the portfolio comprises three Grade A office buildings including The Metropolis Tower, Prosperity Millennia Plaza, and 9 Chong Yip Street; one commercial building, Prosperity Place; two industrial/office buildings, Trendy Centre and a portion of Prosperity Center; and one industrial building, a portion of New Treasure Centre. Prosperity REIT, founded in 2005 and headquartered at Unit 901, Level 9, Fortune Metropolis, 6 The Metropolis Drive, Hunghom, Kowloon, Hong Kong, focuses on generating stable rental income from office, commercial, and industrial tenants while maintaining an occupancy rate of 94.2% as of December 31, 2024, and investment properties valuation of HK$9,547 million. The REIT is externally managed by ESR Asset Management (Prosperity) Limited, a wholly-owned subsidiary of ESR Group Limited, which was taken private in late 2024 by a consortium led by Starwood Capital Group, Sixth Street, and SSW Partners valuing ESR at HK$55.2 billion; recently, the REIT Manager increased its holdings to approximately 6.87% through the issuance of new units to settle base and variable management fees for the quarter ended June 30, 2025, and Prosperity REIT reported 2025 interim results with distribution per unit of HK$0.0585 alongside flexible leasing strategies to navigate market conditions in Kowloon East.