Treasury China Trust - Positive H1 portfolio performance
Aug 07th 2012 - Edison Investment Research today published a report on Treasury China Trust entitled "Positive H1 Portfolio Performance". In summary, the report says:
Occupancy within the core Shanghai investment portfolio was maintained at close to full occupancy in H1 and gross revenues and net property income were both ahead for the portfolio overall. The development of The HQ retail extension in Shanghai is on track. The scheme was 33% pre-let at end H1, in line with internal targets. Disposal of the Beijing Logistics Park will complete in H2 and news is awaited on the sale of Central Plaza, which is actively being marketed. The combined proceeds of these two assets, at book value, would release sufficient cash to cover completion of The HQ without recourse to debt, and the cost of dividends to end FY13. However, Treasury China Trust (TCT) can fund all...
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