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| The only one: Citibank Plaza, Hong Kong is the sole component of the Great Eagle Holdings’ Champion Reit |
ASIA’S REAL ESTATE investment trust sector is the regional market story of the moment. It’s got everything that’s needed for a good old-fashioned Asian investment party: booming issuance, property tycoons, retail fervour, epic oversubscription and some questionable financial structuring. There’s just one thing missing: China. That wasn’t the plan. People had talked about the possibilities of Asian Reits for years before the first one appeared in Singapore in July 2002.
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