Laos has recorded 134 cases of Covid-19 across the country today.
Herbalife Nutrition Foundation Donates US$333,000 to World Food Program USA to Assist with Disaster Relief from Typhoon Odette in the Philippines
MANILA, PHILIPPINES – Media OutReach – 28 February 2022 – The Herbalife Nutrition Foundation (HNF), a global nonprofit foundation, dedicated to improving the lives of children and families around the world, announced it has allocated US$333,000 to the World Food Program USA to assist with disaster relief from Typhoon Odette in the Philippines. The grant will support the U.N. World Food Programme — the largest humanitarian organization combating global hunger—in distributing food to the Dinagat Islands, with a goal of reaching 5,400 families.
“As a global nutrition foundation committed to eradicating hunger, we are keenly aware that disasters can leave many people without access to food and clean water. During critical moments like these, we support efforts to help alleviate food insecurity, in partnership with our distributors,” Stephen Conchie, Board Member of the Herbalife Nutrition Foundation, and Senior Vice President and Managing Director for Herbalife Nutrition, Asia Pacific and China regions.
Over eight million people have been affected by Typhoon Odette and, in some regions, 80% of the total population has been severely impacted. When the typhoon hit in December 2021, Herbalife Nutrition Foundation activated a month-long campaign through disaster relief partner, the Red Cross Philippines, to help the victims in urgent need of food, clothing, clean water and blankets.
“Herbalife Nutrition and the Herbalife Nutrition Foundation have been committed partners helping us feed and sustain those most in need around the world,” said Gabriella Morris, Chief Philanthropy Officer for World Food Program USA. “This donation will help us provide critical food assistance to thousands of vulnerable families impacted by the typhoon and help them to build resilience and capacity to withstand future shocks.”
The Herbalife Nutrition Foundation has been committed to helping alleviate food shortages for more than 17 years. In 2021 alone, the Foundation donated more than US$5 Million to help support more than 167 organizations around the world end global hunger, including Asociación Mexicana de Bancos de Alimentos (BAMX), SOS Children’s Villages of Europe, Africa, India and the Philippines, A Place Called Home (APCH) in the United States, Pour un Sourire d’Enfant in Cambodia, Daegu Children’s Welfare Center in Korea and Foundation for Children in Thailand.
HNF’s work complements Herbalife Nutrition’s Nutrition for Zero Hunger campaign, a global initiative aligned with the United Nations’ Sustainable Development Goal 2, which seeks to end global hunger by 2030.
In Asia Pacific, HNF’s Casa Herbalife Nutrition program brings healthy meals and nutrition education to more than 100,000 children in need.
About Herbalife Nutrition Foundation
Since 2005, the Herbalife Nutrition Foundation (HNF), a global 501c)(3) nonprofit foundation, has been devoted to improving lives of children and families around the world. HNF supports community-based Casa Herbalife Nutrition partners around the globe that help bring good nutrition to socially vulnerable communities and aid to organizations focused on promoting access, education and empowerment of good nutrition, general wellness and disaster relief. For more information about HNF and how you can support the programs, visit 
www.herbalifenutritionfoundation.org.
About the World Food Program USA
World Food Program USA, a 501(c)(3) organization based in Washington, DC, proudly supports the mission of the United Nations World Food Programme by mobilizing American policymakers, businesses, and individuals to advance the global movement to end hunger. Our leadership and support help to bolster an enduring American legacy of feeding families in need around the world. To learn more about World Food Program USA’s mission, please visit wfpusa.org/mission-history.
#HerbalifeNutritionFoundation
Heidelberg Pharma and Huadong Announce Strategic Partnership, Including Equity Investment
- Heidelberg Pharma grants Huadong exclusive license to develop and commercialize HDP-101 and HDP-103 in Asia[1] (excluding Japan), plus exclusive opt-in rights for two more pipeline candidates, with a total deal value of up to USD 930 million (EUR 825 million)
- Huadong will also participate in a rights issue and acquire a percentage of current shareholdings from existing shareholders including dievini[2], totaling EUR 105 million
- Huadong to become second largest shareholder; dievini remains largest shareholder
- Heidelberg Pharma plans rights issue of up to EUR 80 million at EUR 6.44 per share
- Conference call on Monday, 28th February 2022 at 01:00 pm CET
LADENBURG, GERMANY – EQS Newswire – 28 February 2022 – Heidelberg Pharma AG (FSE: HPHA) and Huadong Medicine Co., Ltd., Hangzhou, China, (SZ 000963; Huadong) today announced that the companies have entered into a strategic partnership with the signing of an exclusive licensing agreement as well as an investment agreement. The agreements were concluded with wholly owned subsidiaries of Huadong, one of the leading pharmaceutical companies in China with a focus on oncology and ADC research, development and commercialization.
Dr. Jan Schmidt-Brand, CEO and CFO of Heidelberg Pharma, commented: “We are excited to enter this major partnership with Huadong. Through this strategic collaboration, we will gain another valuable and reliable long-term investor who fully supports our strategy to become a global ADC player, and we will be able to speed up our product development and broaden our pipeline. We are convinced that our partner’s strong development and commercialization expertise and knowledge of Asia will both shorten the time to market and maximize the commercial opportunity for our ATAC(R) products in this important territory.”
Mr. Liang Lu, Chairman of the Board and CEO of Huadong Medicine, added: “Heidelberg Pharma is an emerging leader in the ADC space. We are pleased to partner with Heidelberg Pharma and bring the best ADC products to the cancer patients in Asia. The collaboration further strengthens Huadong’s ADC portfolio and expands our ADC R&D capabilities. Huadong will contribute Asian patients to global clinical trials to help accelerate products development. We are also committed to supporting Heidelberg Pharma to become a world ADC leader, by the substantial equity investment and access to Huadong’s ADC ecosystem.”
Prof. Dr. Christof Hettich, Chairman of the Supervisory Board of Heidelberg Pharma and Managing Partner of dievini, said: “I am delighted that the Heidelberg Pharma team has entered into this strategic partnership with a strong Asian partner and new shareholder who shares the Company’s vision. We have been supporting Heidelberg Pharma since 2004 and are happy to see that their legacy assets have been developing nicely through partnerships and the new ATAC(R) projects have been generating high interest from pharma companies. The dievini team is looking forward to the clinical development of the pipeline with the goal of bringing new, much-needed treatment options to cancer patients.”
The strategic partnership includes the following agreements:
ATAC(R) licensing agreement
- Heidelberg Pharma has granted Huadong exclusive development and commercialization rights for HDP-101 (BCMA-ATAC) and HDP-103 (PSMA-ATAC) for Asia1 and is eligible to receive an upfront payment of USD 20 million (EUR 17.5 million) and milestone payments of up to USD 449 million (EUR 400 million), as well as tiered royalties ranging from single to low double digit percentages for each candidate.
- Heidelberg Pharma has granted Huadong an exclusive option for the pre-IND research candidates HDP-102 (CD37-ATAC) and HDP-104 (undisclosed target) in Asia1 with a total deal value of up to USD 461 million (EUR 410 million), plus tiered royalties ranging from single to low double digit percentages for each candidate.
- Huadong also has right of first negotiation to license the next two ATAC(R) candidates for Asia1.
- Huadong becomes the strategic partner in Asia for Heidelberg Pharma’s product development.
Investment agreement
- Huadong intends to make an equity investment in Heidelberg Pharma totaling EUR 105 million, representing 35% of total shares outstanding after the transaction, consisting of a rights issue and a share transfer as outlined below, has taken place.
- Heidelberg Pharma is planning a capital increase in the form of a rights issue of up to EUR 80 million, issuing up to 12,408,649 shares at EUR 6.44 per share, the price of the last funding round in April 2021. The rights issue will be based on a prospectus and use authorized capital. The approval of the prospectus for the rights offering by BaFin[3] will be published in connection with the granting of all other necessary regulatory approvals. Further details of the capital increase will be published in due time.
- Huadong plans to acquire up to 26% of Heidelberg Pharma shares outstanding in the context of the rights issue. To achieve this percentage, the main shareholder dievini and related entities have agreed to transfer their subscription rights to Huadong, and Huadong will assume any unsubscribed shares in the rights issue. Huadong will purchase the necessary number of existing shares from dievini to reach 35% of total shares outstanding following the capital increase.
- The acquisition of shares by Huadong is subject to certain closing conditions, such as foreign trade clearance, Huadong’s exemption from the obligation to make a mandatory offer by BaFin, as well as foreign direct investment (ODI) approval required under Chinese law.
- The closing conditions must generally be satisfied until 27th August 2022 (Long Stop Date). If the necessary public approvals have not been granted by 27th July 2022, Huadong is entitled to extend the Long Stop Date until 27th October 2022, provided that Huadong grants a 12-month loan to the Company in the amount of EUR 10 million at the prevailing market interest rate. dievini would also grant a loan to the Company with the same terms as the loan from Huadong, under the framework of the financing commitment by dievini announced on 17th February 2022.
- If the approvals are not granted by the Long Stop Date, then no shares will be issued to or acquired by Huadong. However, dievini might consider participating in the rights issue and exercise a part of its subscription rights to fulfil partly or in full its financing commitment announced on 17th February 2022.
1] Asia (excluding Japan, India, Pakistan, Sri Lanka): People’s Republic of China, Hong Kong, Macao, Taiwan, South Korea, Indonesia, Singapore, The Philippines, Thailand, Bangladesh, Bhutan, Brunei, Myanmar, Cambodia, Laos, Malaysia, Maldives, Mongolia, Nepal and Vietnam
[2] dievini Hopp BioTech holding GmbH & Co. KG
[3] Bundesanstalt für Finanzdienstleistungsaufsicht (Federal Financial Supervisory Authority)
Conference call invitation
Heidelberg Pharma will host a conference call and live audio webcast to discuss the new partnership on Monday, 28th February 2022, at 1:00 pm CET, which will include a Q&A session. Participants may ask questions by phone or online via the Q&A chat window.
To participate in the conference call by phone, participants may pre-register and will receive dedicated dial-in details to easily and quickly access the call:
Alternatively, those who have not registered in advance, may enter the conference assisted by an operator by dialing one of the following numbers:
Germany: +49 (0) 69 566 037000
United Kingdom: +44 (0) 203 059 58 69
United States: +1 760 294 1674
To access the live audio webcast online, please use the following link: https://services.choruscall.com/mediaframe/webcast.html?webcastid=7e9glHUV
About Heidelberg Pharma
Heidelberg Pharma AG is a biopharmaceutical company based in Ladenburg, Germany. It is an oncology specialist and the first company to develop the toxin Amanitin into cancer therapies. The proprietary technology platform is being applied to develop the Company’s proprietary therapeutic ATACs as well as in third-party collaborations. Proprietary lead candidate HDP-101 is a BCMA ATAC in clinical development for multiple myeloma. HDP-102, a CD37 ATAC for non-Hodgkin’s lymphoma and HDP-103, a PSMA ATAC for metastatic castration-resistant prostate cancer, are in preclinical testing.
Heidelberg Pharma AG is listed on the Frankfurt Stock Exchange: ISIN DE000A11QVV0/ WKN A11QVV / Symbol HPHA. More information is available at 
http://www.heidelberg-pharma.com/.
#HeidelbergPharma
About Huadong Medicine
Huadong Medicine Co., Ltd. (SZ.000963) is a leading Chinese pharmaceutical company based in Hangzhou, China. Founded in 1993, Huadong Medicine has fully integrated R&D, manufacturing, distribution, sales, and marketing capabilities. Huadong Medicine’s product portfolio and pipeline are specialized in oncology, immunology, nephrology, and diabetes. The company has 11,000 employees and one of the most extensive commercial coverage and marketing capabilities in China. ‘Patient Centered, Science Driven’ is Huadong Medicine’s value. For additional information, please visit www.eastchinapharm.com/en.
Disclaimer for Heidelberg Pharma
This communication contains certain forward-looking statements relating to the Company’s business, which can be identified by the use of forward-looking terminology such as “estimates”, “believes”, “expects”, “may”, “will”, “should”, “future”, “potential” or similar expressions or by a general discussion of the Company’s strategy, plans or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause actual results of operations, financial condition, performance or achievements, or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, prospective investors and partners are cautioned not to place undue reliance on such forward-looking statements. Heidelberg Pharma disclaims any obligation to update any such forward-looking statements to reflect future events or developments.
FIRE Fit To Light Up Oman Fitness Scene
Horizon Fitness announces opening of exciting new boutique fitness concept in Oman
MUSCAT, OMAN – Media OutReach – 28 February 2022 – Horizon LLC (Horizon) today announced the addition of FIRE Fit to its portfolio of brands, bringing a new and exciting boutique fitness experience to Oman which is sure to set the local fitness scene alight. Scheduled to open in the second half of 2022, the five-studio boutique gym will offer a number of signature programmes across several modalities including boxing, cycling, HIIT and a specialist personal training studio.
FIRE Fit makes it debut in Muscat as a result of a master licensing agreement between Evolution Wellness Group (Evolution Wellness), Asia’s leading fitness and wellness group, and Horizon Fitness, the largest fitness operator in Oman. The agreement gives Horizon Fitness exclusive rights to open FIRE Fit boutique gyms throughout Oman, beginning with the initial development of a flagship five-studio location.
Azzan Albarram, Chief Executive Officer, Horizon said: “We are delighted to partner with Evolution Wellness Group in this venture and grow our portfolio of fitness brands. The Omani fitness landscape has experienced substantial growth especially in the last decade, owing to growing awareness and consciousness about the need to lead an active lifestyle not just for good health but for overall quality of life, and we feel that there is a lot of opportunity to add vibrancy to the local fitness scene. Having been on the lookout for the right addition to our portfolio for some time, the FIRE Fit brand was the only option that ticked every box for us, because it allows us to deliver a range of specialist classes in dedicated studios, all at the one location, meaning we have maximum market appeal. Along with the personal training option, we feel these unique selling points are the perfect complement to Horizon’s portfolio.”
“Evolution Wellness is excited to announce the award of a master license with the leading fitness brand in Oman and a significant player in the regions fitness industry”, said Nad Myan, Director of Growth & Innovation, Evolution Wellness. “We are committed to working closely with the Horizon team to ensure that the FIRE FIT brand is brought to life as a true reflection of such an exciting brand with our unique signature programs and incredible fan engagement. The unique FIRE FIT proposition and extensive support structure allows us to successfully scale around the world at rapid pace”, continued Nad.
FIRE Fit Oman will introduce fitness fans to a number of proprietary Signature programmes, namely:
- FORCE
Forge that body you want with this powerful 45 minutes of strength training and HIIT session. Equipment, bodyweight and whatever it takes to get your muscles working and you walking out stronger, bolder.
- STRIDE
It’s the FIRE starter, the original, the one that sparked us off. It’s a cardio blast with HIIT treadmill bursts that work your whole body. 45 minutes of feeling the burn. Then a yoga finisher and that major metabolic boost.
- STRIKE
Fight club meets night club. It’s all the power of old school kickboxing, drilled and skilled in a high-energy, high intensity group atmosphere. So tick off that cardio workout and FIRE off that stress relief in just one 45-minute session.
- RIDE
The latest playlist. Relentless trainers. And one spin class that will hit everything. Charge through 30 minutes of extreme terrain, climbing, sprinting and making that grit last all the way to the finish line. That’s not it, move on to 15 minutes of functional training that will FIRE up your upper body, core and legs – leaving no muscles untouched. Then cool down with a quick yoga set for one well rounded indoor cycling workout.
- REVOLUTION
Ignite a real change with FIRE Revolution. We’ve tailored this 45-minute high-intensity programme to help you spark your FIRE with 3 fiery boosts. 1st off, the tech. At Revolution, you’ll work out with our smart fitness reader, Miopod that accurately tracks your heart rate and your progress. 2nd, no class is ever the same. Each time you show up, it’s a different workout to get you fired up. Lastly, you’re never alone. REVOLUTION is all about the community, grinding and sweating together. With a combo like that, there’s no doubt you’ll have a blazing time.
For more information about FIRE Fit Oman, please visit https://bit.ly/FIREOman.
For more information about how you can start a FIRE of your own, please visit https://bit.ly/FIREFitInvest2022.
About FIRE Fit
FIRE Fit aspires to be the world’s hottest boutique gym brand whose workouts promise to fire you up so you can take on life’s challenges with guns blazing. Our inspiring Rockstar trainers deliver some of the most innovative fitness class experiences within a boutique gym environment in the market today, designed to forge, sculpt and shape every body. Start living a life on FIRE.
The FIRE Fit brand is owned by Evolution Wellness Group, Asia’s leading health and wellness group, and is available to license. Enquire at 
https://firefitgroup.com/invest.
#FIREFit
About Horizon LLC
Horizon LLC was established in 1997 and will be completing 25 years of operation in February 2022. Horizon LLC our MISSION is to continue to be the Sultanate of Oman’s House of fitness brands provider. We are committed to promoting a healthy lifestyle through convenient, state-of-the-art equipment, programs, and fun activities that provide an exceptional and unique value to our community.
During this period Horizon has developed into a formidable force in the Fitness Industry not just in Oman but across the GCC, operating within a totally immature market back in the 90’s, leading to 25 years of operations which resulted to the growth and adapting to the international industry standards which lead to IHRSA studies and figures showing increased penetration year on year + long term growth potential in all sectors Oman and the GCC.
Currently Horizon LLC operates 21 Horizon locations between male/mixed/ladies and 3 Jasmine Boutique ladies only locations,
Horizon LLC will continue its aggressive expansion plans over the next 5 years with plans to entering the Performance market segment and also the boutique market, whilst continuing to grow their core Horizon and Jasmine brands as well, further establishing ourselves as Oman’s number 1 Health & Fitness Company.
#HorizonLLC
About Evolution Wellness Group
Established in 2017, Evolution Wellness is Asia’s leading health and wellness group with a vision to build a comprehensive wellness ecosystem. Its diverse portfolio of highly complementary brands spans the spectrum of fitness offerings from high value low price (HVLP), to full service and premium boutique gyms, virtual fitness, connected fitness, wellness and a subscription-based SaaS membership management system.
Besides its core business as owner and operator of Asia’s largest network of wholly- owned fitness clubs, Evolution Wellness also offers an attractive licensing programme for its HVLP brand GoFit and premium boutique brand FIRE Fit, joint venture opportunities and management consultancy for its wellness brand, Fivelements.
For more information about Evolution Wellness, portfolio brands, and services, please visit www.evolutionwellness.com.
#EvolutionWellness
The issuer is solely responsible for the content of this announcement.
Authorities Destroy Illegal Gaming Machines in Bokeo
Authorities in Bokeo Province of Laos have seized and destroyed unlicensed gaming machines that were imported and used illegally.
Country Heights Holdings Berhad turns around in 2021 and plans to launch a RM300m sales program to monetize its assets to complement its Transformation Strategy into a Digital Landlord
MINES RESORT CITY, MALAYSIA – Media OutReach – 28 February 2022 – Country Heights Holdings Berhad (CHHB), one of the leading property developers with a diversified business portfolio in health and wellness, lifestyle, event and convention, resort and hospitality, announced a turnaround for FYE 31 December 2021 with concrete plans to sustain the trend even as it begins its transformation plans into a Digital Landlord.
CHHB has recorded total revenue of RM99.98 million and a net profit of RM2.6 million in 2021 compared to losses of RM33.9 million and Rm34.6 million for the previous years in FYE 2020 and FYE 2019, mainly due to the contribution from the Healthcare and Property divisions.
” While we managed to record a modest profit this financial year, this is significant as it signals the beginning of our turnaround from the pandemic.” Managing Director, Datuk Jared Lim said, “Going forward, we plan to launch our CHHB Sales Program having identified RM300m of our completed properties to contribute to our profitability. This will complement our transformation into a Digital Landlord as we leverage our assets to enter the e-commerce space via the collaboration with JD.com, one of the largest e-commerce technology players in China.
The RM300m property sales program comprises various plots of land and ready bungalow units in numerous locations including the prime property of The Mines Bungalow Residents; Country Heights Kajang; 40 business and commercial units of newly rebrand Cloud Life at Mines Wellness City; Sawtelle Suites, a luxury duplex condominium in Cyberjaya; and low-cost apartments in Selangor. The sales program also includes the properties outside of the Klang Valley properties namely the 57 units of double-storey residential of Belleza Garden Homes (phase 3) in Kolej Heights Utara, Kedah; and in the Negeri Sembilan, bungalows and land at College Heights Estate located in the district of Pajam.
In the hospitality division, the 5-star award-winning hotel, Palace of the Golden Horses is planning to open on the Q3 2022 third quarter as the market opens up with an estimated of RM3 million worth of bookings in hand already.
In the healthcare and wellness division, Its GHHS wellness brand recorded a profit of RM4.12 million on a turnover of RM26.76 million. 2022 will see the expansion into a new wellness building with a TCM hospital targeted to launch in mid-year and a confinement centre by the fourth quarter of 2022.
The anchor of CHHB’s transformation program into a Digital Landlord is the licensing and collaboration with JD.com to launch an Omnichannel model to be called JDMines. The first physical store will be on the ground floor of MIECC spanning 100,000 sf which will provide the branding for the launch of the JDMines online e-commerce platform. CHHB is planning for five mega-stores across Malaysia within 5 years. JDMines is targeted to be launched in 4Q2022.
This initiative will also provide the foundation for CHHB to explore opportunities in the logistics space as well as data centres and crypto mining.
Country Heights Holding Berhad (CHHB)
With the motto of “Ever Searching for Better Living”, Country Heights Group of Companies is founded by Tan Sri Lee Kim Yew and officially incorporated on the 10th of May 1984 as a private limited company. Country Heights began as a property developer showcasing a unique touch in delivering beautiful country-styled homes in Malaysia and was listed on the Main Board of Bursa Malaysia in 1994.
Today, Country Heights is a lifestyle property developer with a diversified business portfolio in Hospitality, Wellness, Lifestyle and Tourism. and has recently announced its plans to transform into a Digital Landlord.
The company has a strong track-record as the master developer of over 560 million square foot of space around the world, and its past projects include some of the world’s well-known landmarks such as the London ExCel Exhibition and Conference Center and the Mines Wellness City in peninsular Malaysia.
#CountryHeightsHoldingBerhad #CHHB
The issuer is solely responsible for the content of this announcement.
Star Landscape Introduces Vertical Walls For Purposeful Living
SINGAPORE – Media OutReach – 28 February 2022 – Star Landscape has adapted vertical walls to Singapore’s households, creating a space for a multitude of purposes according to a client’s preferences. The selection of walls include an aesthetically pleasing garden wall to a fragrant and functional herb garden, depending on the client’s aim for the wall installation. With Star Landscape’s new line of walls, they hope to bring their expertise to fulfil their client’s vision for green spaces.
Star Landscape, a landscape company in Singapore, has switched up the concept of a large scale vertical wall mainly used for aesthetic purposes, scaling it down for it to fit into any Singaporean’s homes. Such spaces have been known to greatly benefit the mental well-being of those around them, especially in the time of the COVID pandemic where people are spending more time at home. With this, homeowners are given the option of bringing greenery into their lives as their gardens can be integrated seamlessly into their living spaces. Utilising the proper filtration and watering system allows for it to be installed in any homes without concerns of clutter or dirt.
Moreover, the general public in Singapore has a belief that gardens can only be set up in landed properties or large residences with a front yard. Star Landscape hopes to challenge this through clever design and by providing vertical walls that can be both aesthetically pleasing and highly functional, with minimal upkeep and fuss. They are looking to continuously innovate with better designs while keeping up their other garden and landscape designing services.
Star Landscape is home to landscape and garden design professionals with more than a decade’s worth of experience. From traditional garden maintenance and landscaping, they have also included into their repertoire the installation of grand gazebos and durable composite decking in Singapore. Their clientele includes many residential and corporate projects, with their expertise lending well to both small and large-scale projects. As such, through their new launch of vertical walls, Star Landscape strives to create harmonious living spaces with the use of purposeful gardens and greenery.
For more information on their range of products and services, please visit https://www.starlandscape.com.sg/.
#StarLandscape
The issuer is solely responsible for the content of this announcement.
New Central London Tenancies from Asia Pacific Tripled in 2021 According to London Central Portfolio (LCP)
Latest Central London Rental Trends from UK capital’s leading agent for smart sourcing, acquiring, refurbishing & meticulously managing prime London residences
LONDON, UK & HONG KONG SAR – Media OutReach – 28 February 2022 – Central London’s leading one-stop-shop buying agency London Central Portfolio (LCP) reveals in its latest research paper that new Central London tenancies from Asia Pacific tripled in 2021, when compared to 2020 investments.
New Central London tenancies under LCP management from Hong Kong, Singapore and other Asian tenants – worth more than one billion GBP – were up from 5% in 2020 to 15% in 2021. Hong Kong and Singapore investors comprise over 40% of LCP’s active clients.
“The return of tenants from the Asia-Pacific region is an indication of how popular London remains as a global destination of choice for those wishing to further their education within the prestigious UK education system alongside those taking up employment opportunities,” said Andrew Weir, Chief Executive of LCP.
“The second half of 2021 felt as though we received two years’ worth of tenants all arriving back into London at the same time. Perhaps the simultaneous and sudden return of tenants from the Asia Pacific region, both previous and new alike, was inevitable after the disruption to traditional seasonality created by the pandemic and various UK ‘Lockdowns’.
Agreed rents on new tenancies also improved throughout 2021 due to increased demand and competition as tenants returned to prime London. Q4 2021 witnessed an average 11.07% increase on preceding lease levels, correcting the deep discounts that were granted during the same period in 2020.
LCP is renowned among London’s premier real estate agencies for its track record of smart sourcing and acquiring, refurbishing and meticulously managing prime residences for international investors. By specialising exclusively in Prime Central London comprising the two boroughs of Kensington & Chelsea and Westminster, the agency has become the leading expert in what is almost certainly the most sought-after international real estate market in the world.
For a full copy of the 2021 London Central Portfolio leasing trends report, please click here.
About London Central Portfolio (LCP)
Founded in 1990, LCP provides superior access to buying opportunities as well as meticulous project management and creative design solutions to suit all aspirations and budgets for UK and overseas property investors and homebuyers seeking exclusive prime London real estate. Using sophisticated financial modelling with a detailed appraisal of every proposed opportunity, LCP will negotiate and secure each property for the best price and as part of its end-to-end service, offer an efficient letting & management service so landlords can enjoy a seamless, hands-off investment.
#LondonCentralPortfolio #LCP
The issuer is solely responsible for the content of this announcement.
