The start of the week has seen crypto markets surge as the ruble plunged upon news of the US and allies imposing stricter sanctions. This suggests the apparent increased demand for crypto could be a result of Russians looking to ditch the ruble in favor of Bitcoin and other cryptocurrencies. This week, we also add […]

The post Crypto Index Tracker – Crypto Markets Surge on Ruble Collapse appeared first on The Daily Hodl.

Polygon was invited to visit Star Wars: Galactic Starcruiser, Disney World Resorts’ new high-concept hotel experience in Florida, during a press preview event...

Astel Naturalborn of the Void is a secret boss in Elden Ring. You can fight it once you’ve gotten past the debilitating effects of the Lake of Rot, whereupon you’ll see a coffin at the edge of a cliff. Interacting with it causes your character to climb in, bringing you to a separate location. Here’s our Elden Ring Astel Naturalborn of the Void guide to help you defeat this secret boss in the Lake of Rot. Note: For more information, check out our Elden Ring guides and features hub.   Elden Ring guide – How to beat Astel Naturalborn of the Void (secret boss) Think of the Astel Naturalborn of the Void boss in Elden Ring as a combination of Rykard Lord of Blasphemy and Starscourge Radahn due to its attacks. This scorpion from the stars, reminiscent of the Rockslinger Demons that you’ve fought, has some deadly abilities, though a lot can be telegraphed. Moreover, please be reminded that I did this battle purely from a ranged combat standpoint. Elden Rin...

These Pokémon are ready to stand steadfast against attackers.

The post Pokémon with the highest HP in Pokémon Go appeared first on Dot Esports.

It’s out in Japan and Canada now If you’ve been longing for direct PS App screenshot/video access, now is the...

The post Sony is catching up with Xbox: Adding PS App screenshot/video access appeared first on Destructoid.

Phil Spencer and Ed Boon also honoured by the academy.

While Bonfires don't exist in Elden Ring, there is a handy replacement.

The post How to use Bonfires in Elden Ring appeared first on Dot Esports.

Fits in the palm of your hand and with no moving parts.

HONG KONG, Feb 21, 2022 - (ACN Newswire) - Champion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for year ended 31 December 2021.
Summary of financial results

FY 2021 FY 2020 Change
Total Rental Income (HK$ mil) 2,495 2,633 -5.2%
Net Property Income (HK$ mil) 2,197 2,347 -6.4%
Distributable Income (HK$ mil) 1,503 1,554 -3.3%
Distribution per unit (HK$) 0.2279 0.2496 -8.7%

31 Dec 2021 31 Dec 2020 Change
Gross Value of Portfolio (HK$ mil) 65,296 67,318 -3.0%
Net Asset Value per unit (HK$) 8.25 8.61 -4.2%
Gearing Ratio 22.9% 23.0% -0.1pp

Overview
The persistent COVID-19 pandemic continued to pose challenges to the operating environment for our business in 2021. Amid the gloomy market conditions, Champion REIT recorded a drop in distributable income by 3.3% to HK$1,503 million and distribution per unit ("DPU") declined 8.7% to HK$0.2279.

Three Garden Road
Three Garden Road recorded a shrank of the rental income by 3.8% to HK$1,460 million in 2021 (2020: HK$1,518 million). Average passing rent decreased to HK$108.3 per sq. ft. (based on lettable area) as at 31 December 2021. Demand from new and existing tenants gradually materialised in the second half, boosting the occupancy of the property to 89.0% as at 31 December 2021.

Langham Place Office Tower
The impact of negative rental reversion drove down rental income of Langham Place Office Tower to HK$365 million in 2021 (2020: HK$378 million), and passing rents of the property declined to HK$47.1 per sq. ft. (based on gross floor area) as at 31 December 2021. Occupancy of the property increased to 96.3% as at 31 December 2021, given the rebound in leasing momentum for beauty and healthcare tenants.

Langham Place Mall
Amid the challenging environment for retail leasing, the total rental income of the property went down 9.1% to HK$670 million (2020: HK$738 million). The average passing rents dropped to HK$165.9 per sq. ft. (based on lettable area) as at 31 December 2021. The mall remained fully occupied as at 31 December 2021, attributed by the spearhead of the Langham Beauty concept at our premises which upgraded the tenant mix and strengthened the strategic positioning of the mall.

Distribution
Distributable income of the Trust dropped 3.3% to HK$1,503 million (2020: HK$1,554 million) and DPU dropped 8.7% to HK$0.2279 (2020: HK$0.2496). Based on the closing unit price of HK$3.99 recorded on 31 December 2021, the total DPU represented a distribution yield of 5.7%.

Asset Value
The appraised value of the Trust's property portfolio was HK$65.3 billion as at 31 December 2021, declining 3.0% from HK$67.3 billion as at 31 December 2020.

Sustainability
We forged ahead to embrace change with resilience and agility to manage business continuity and put people at the heart of what we do. In addition to the BEAM Plus Existing Building Platinum certification, Langham Place Mall was awarded the international EDGE green building certification, making it the first shopping mall in Hong Kong to receive the recognition. The Trust also secured its first sustainability-linked loan and sustainability-linked swap, befitting our sustainability objectives.

Outlook
Amid the ongoing COVID-19 pandemic, the outlook of Hong Kong office and retail property market remains uncertain and difficult. The tightening of social distancing measures would continue to affect the business of our tenants. Relaxation of cross-border controls and quarantine requirements locally would be crucial for economic recovery.

Looking forward, we will continue to adopt a flexible leasing strategy to retain tenants and maintain high occupancy rates. Despite the unfavourable conditions, we strive to inject impetus to growth through asset enhancement and trade mix rebranding initiatives. We will take a prudent approach in balance sheet management in a rising rate environment. Equipped with a sufficient reserve, the Trust stands ready to pursue acquisition opportunities globally with a goal to generate long-term returns.

About Champion REIT (stock code: 2778)
Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties. The Trust focuses on Grade A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail floor area. These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as a joint venture stake in 66 Shoe Lane in Central London. Since 2015, the Trust has been included in the Constituent of Hang Seng Corporate Sustainability Benchmark Index of Hang Seng Indexes.
Website: https://www.championreit.com/

For press enquiries:
Strategic Financial Relations Limited
Vicky Lee Tel: 2864 4834 Email: vicky.lee@sprg.com.hk
Christina Cheuk Tel: 2114 4979 Email: christina.cheuk@sprg.com.hk
Yvonne Lee Tel: 2864 4847 Email: yvonne.lee@sprg.com.hk
Website: http://www.sprg.com.hk/



Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comChampion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for year ended 31 December 2021.

The NMPA released the Medical Devices Standards Annual Report on February 18, 2022. In the year of 2021, 35 national standards and 146 industry standards for medical devices were published. […]

The post 35 National Standards and 146 Industry Standards Issued in 2021 appeared first on China Med Device.

Guiding Light puzzles in Genshin Impact are all about using mirrors to refract or reflect rays. There are several of these found in Enkanomiya now that the Three Realms Gateway Offering event is active. Here’s our Genshin Impact Guiding Light puzzles guide (wow, “guiding guide,” eh?) to help you with the solutions to these challenges. Note: For more information about the game, check out our Genshin Impact guides and features hub.   Genshin Impact – Guiding Light puzzle solutions guide As you can see in the featured image above, Guiding Light puzzles in Genshin Impact have mirrors with two elements: Cryo and Hydro. Some of these objects can be rotated, but you may also change their elemental type: Cryo can be melted and turned into water by using Pyro. The ray of light that hits this will bounce away from the mirror in the direction that it’s facing. Hydro can be frozen and turned into Cryo. The light that hits this will, instead, pass through. Whe...

In March of 1961, “Space World” magazine published a few articles about what the future would look like thanks to the onrushing new technologies of the space age. It is… well, it’s wrong. The article is jam-packed with predictions of a glorious technological and economic future to be brought about by the Space Age. And [...]