What Prosperity REIT does

Prosperity Real Estate Investment Trust (泓富產業信託) is a Hong Kong collective investment scheme authorized under Section 104 of the Securities and Futures Ordinance and listed on the Main Board of the Stock Exchange of Hong Kong (stock code: 808) since 2005, when it became the first private sector REIT in Hong Kong. It is externally managed by ESR Asset Management (Prosperity) Limited, a wholly-owned subsidiary of ESR Group Limited, and its trustee is HSBC Institutional Trust Services (Asia) Limited.

The trust owns a portfolio of seven properties totaling 1,275,153 sq. ft. of gross rentable area plus 498 car park spaces, located in Hong Kong's decentralized business districts across Kowloon East, Kowloon West, and Hong Kong Island East. The portfolio comprises three Grade A office buildings (The Metropolis Tower, Prosperity Millennia Plaza, and 9 Chong Yip Street), one commercial building (Prosperity Place), two industrial/office buildings (Trendy Centre and Prosperity Center), and one industrial building (New Treasure Centre). Property management is handled by Goodwell Property Management Limited. As of 31 December 2025, investment properties were valued at HK$9,213 million with a 94.7% occupancy rate, and the trust achieved multiple BEAM Plus Platinum certifications and a BEAM Plus/WELL Double Platinum at Prosperity Millennia Plaza.

The revenue model is recurring rental income from leasing office, commercial, and industrial space to commercial and industrial tenants, supplemented by car park income. Revenue for the period ended 31 December 2025 was HK$408.5 million. The trust actively manages assets through sustainability-linked enhancements (urban farms, green walls, solar panels, rainwater collection, 5G infrastructure), sustainability-linked financing (notably an HK$800 million sustainability-linked loan from DBS Hong Kong in June 2026), and community ESG programs delivered with partners including ELCHK, The Nature Conservancy Hong Kong, Feeding Hong Kong, DBS Hong Kong, and OCBC Bank Hong Kong.

Name

Prosperity REIT

Legal name

Prosperity Real Estate Investment Trust (泓富產業信託)

Website

https://prosperityreit.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Prosperity REIT is the first private sector REIT listed on the Hong Kong Stock Exchange, owning seven Grade A office, commercial, and industrial properties in Hong Kong's decentralized business districts and generating recurring rental income from commercial and industrial tenants under ESR Group sponsorship.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment Trust

NAICS

Other Financial Vehicles (52599), Funds, Trusts, and Other Financial Vehicles (525), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Investment Trusts (6798), Real Estate (6500), Investors, Nec (6799)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

REITs & Listed Real Estate Securities (FSAAAKAD), Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

Keywords

• Commercial real estate trust
• Office space leasing
• Industrial property rental
• Hong Kong REIT
• Decentralized business districts

Headquarters

HQ city

Kowloon City

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Commercial Property Rental Income: Primary revenue stream from leasing office, commercial, industrial, and mixed-use properties to tenants in Hong Kong's decentralized business districts. Revenue for period ended 31 December 2025 was HK$408.5 million. Properties include three Grade A office buildings (The Metropolis Tower, Prosperity Millennia Plaza, 9 Chong Yip Street), one commercial building (Prosperity Place), two industrial/office buildings (Trendy Centre, Prosperity Center), and one industrial building (New Treasure Centre).
2. Car Park Income: Revenue from 498 car park spaces across the portfolio, complementing the primary property rental income.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Prosperity REIT owns and leases a diversified portfolio of seven commercial, office, and industrial properties in Hong Kong's decentralized business districts, generating rental income for unitholders. The portfolio comprises three Grade A office buildings, one commercial building, two industrial/office buildings, and one industrial building, totaling 1,275,153 sq. ft. of gross rentable area and 498 car park spaces. The REIT Manager actively manages assets to maintain high occupancy, achieve rental growth, and maximize net property income.

Product overview

Prosperity REIT is a Real Estate Investment Trust that operates as a unified property portfolio platform consisting of seven properties in Hong Kong's decentralized business districts. The portfolio comprises three Grade A office buildings (The Metropolis Tower, Prosperity Millennia Plaza, and 9 Chong Yip Street), one commercial building (Prosperity Place), two industrial/office buildings (Trendy Centre and Prosperity Center), and one industrial building (New Treasure Centre). Total gross rentable area is 1,275,153 sq. ft. with 498 car park spaces. The REIT is managed by ESR Asset Management (Prosperity) Limited, a subsidiary of ESR Group.

Differentiator

Problem solved

Functional benefit

Products and services

• The Metropolis Tower A Grade A office building located in Hung Hom, Kowloon, with 271,418 sq. ft. gross rentable area. Features include 180-degree sea view, green wall, rooftop urban farm, solar panels, and energy-efficient chiller plant. Achieved BEAM Plus Platinum certification. Targeted at corporate office tenants seeking premium workspace with sustainability features.
• Prosperity Millennia Plaza A Grade A office building in Island East with 217,955 sq. ft. gross rentable area. Achieved Double Platinum status under both BEAM Plus Comprehensive Scheme and WELL certification. Features panoramic Victoria Harbour views and energy-efficient chiller system. Targeted at premium corporate office tenants prioritizing wellness and sustainability.
• 9 Chong Yip Street A Grade A office building in Kwun Tong with 136,595 sq. ft. gross rentable area. Equipped with solar panels and 5G communication infrastructure for sustainable and modern working environment. Targeted at office tenants in Kowloon East's decentralized business district.
• Prosperity Place A commercial building in Kwun Tong with 240,000 sq. ft. gross rentable area. Features solar panels, rainwater collection system, green wall, and rooftop urban farm. Achieved BEAM Plus Platinum certification. Targeted at retail and service trade tenants.
• Trendy Centre An industrial/office building in Lai Chi Kok with 173,764 sq. ft. gross rentable area. Features passenger and cargo lifts, ample parking, food and beverage outlets, solar panels, and rainwater collection system for environmental sustainability. Targeted at industrial and office tenants in Kowloon West.
• Prosperity Center An industrial/office building in Kwun Tong with 149,253 sq. ft. gross rentable area. Features modern curtain wall design, 5G communication infrastructure, and flexible floor plates with 5 to 7.5 kPa floor loading. Targeted at industrial and office tenants.
• New Treasure Centre An industrial building in San Po Kong with 86,168 sq. ft. gross rentable area. Features 7.5 kPa floor loading, split-type air conditioning, and convenient access to Diamond Hill MTR Station. Targeted at manufacturing and industrial tenants.

Quantifiable outcome

• 94.7% occupancy rate as at 31 December 2025
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

13 partnerships are on record, tiered core, supporting and minor.

• ESR Group LimitedcoreStrategic or Co-development PartnerESR Group Limited is the parent company of ESR Asset Management (Prosperity) Limited, the REIT Manager of Prosperity REIT. ESR is a leading Asia-Pacific real asset owner and manager focused on logistics real estate and data centres that power the digital economy and supply chain.
• ESR Asset Management (Prosperity) LimitedcoreStrategic or Co-development PartnerESR Asset Management (Prosperity) Limited is the dedicated REIT Manager of Prosperity REIT, responsible for actively managing properties, maintaining high occupancy levels, achieving strong rental growth, and maximizing net property income. It is a wholly-owned subsidiary of ESR Group Limited and is licensed by the SFC to conduct regulated asset management activities.
• Goodwell Property Management LimitedcoreImplementation/ SI/ Consulting PartnerGoodwell Property Management Limited (高卫物业管理有限公司) provides quality property management services for the REIT Manager, including professional security services, customer services, environmental management, and facility repair and maintenance. The management team provides tenants with comprehensive and caring management services 24 hours a day.
• Deloitte Touche TohmatsusupportingOthersDeloitte Touche Tohmatsu (德勤) serves as the Auditor of Prosperity REIT, providing independent audit services for financial reporting.
• Jones Lang LaSalle LimitedsupportingOthersJones Lang LaSalle Limited (仲量联行有限公司) serves as the Principal Valuer of Prosperity REIT, providing independent property valuation services.
• Baker & McKenziesupportingOthersBaker & McKenzie (贝克·麦坚时律师事务所) serves as the Legal Adviser to Prosperity REIT.
• Tricor Corporate Secretary LimitedsupportingOthersTricor Corporate Secretary Limited serves as the Company Secretary of the REIT Manager, providing corporate secretarial services.
• Computershare Hong Kong Investor Services LimitedsupportingOthersComputershare Hong Kong Investor Services Limited (香港中央证券登记有限公司) serves as the Unit Registrar and Transfer Office of Prosperity REIT, located at Shops 1712-16, 17/F, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong.
• The Evangelical Lutheran Church of Hong Kong (ELCHK)minorGTM or Marketing PartnerProsperity REIT partners with ELCHK for community programs including urban farming workshops, career-oriented mentorship programs, youth entrepreneurship programs (coMarket), and various community engagement activities at properties.
• DBS Bank Hong KongminorGTM or Marketing PartnerDBS Hong Kong sponsored community events including the coMarket Community Value Creation Program with Prosperity REIT and ELCHK, hosting urban farming workshops at The Metropolis Tower to nurture new generation talent and drive skills exchange.
• The Nature Conservancy Hong KongminorGTM or Marketing PartnerProsperity REIT partnered with The Nature Conservancy Hong Kong and ELCHK for environmental conservation training programs ('Environmental Little Warriors Training Day') and exhibition venue sponsorship.
• Feeding Hong KongminorGTM or Marketing PartnerProsperity REIT partnered with Feeding Hong Kong for the Mobile Food Pantry program and urban farm visits, supporting food security and community engagement.
• OCBC Bank Hong KongminorGTM or Marketing PartnerProsperity REIT partnered with OCBC Bank Hong Kong for the 'More than Coffee' program supporting elderly coffee shop dreams.

Scale indicators6 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• ESR-REIT: Singapore-listed REIT (SGX: J91U) also managed by an ESR Group subsidiary, focused on industrial and commercial properties in Singapore. Sister REIT under common sponsorship with parallel operating model and ESG strategy.
• Sunlight REIT: Hong Kong-listed REIT (HKEX: 0435) investing in office and retail properties across Hong Kong. Direct competitor in the same commercial real estate sub-segment with comparable property portfolio size and decentralized urban focus.
• Champion REIT: Hong Kong-listed REIT (HKEX: 2778) holding Grade A office and retail properties, including Three Garden Road and Langham Place. Highly comparable as a Hong Kong office-focused REIT competing for similar institutional tenant base.

Broad incumbents

• Henderson Land Development: Major Hong Kong-listed property developer (HKEX: 0012) with extensive commercial real estate holdings including International Commerce Centre. Comparable as a major landlord in Hong Kong's commercial property market.
• Sino Land: Major Hong Kong-listed property developer (HKEX: 0083) owning and managing a substantial Grade A office portfolio including landmark properties. Comparable through significant Hong Kong office exposure though vertically integrated as developer-owner.
• Mapletree Pan Asia Commercial Trust: Large Singapore-listed REIT (SGX: N2IU) with diversified Grade A office portfolio across Asia including Hong Kong properties. Comparable as an institutional-scale office REIT though broader geographic mandate.
• Keppel REIT: Singapore-listed REIT (SGX: K71U) primarily investing in Grade A commercial properties in Singapore and Australia. Comparable as a pan-Asian office REIT with similar institutional tenant focus.

Regional players

• Regal REIT: Hong Kong-listed REIT (HKEX: 1881) initially focused on hotels but transitioning to include commercial properties. Comparable as a Hong Kong-listed REIT vehicle managed by an experienced asset manager (Regal Hotels).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prosperity REIT