LHN Grows Coliwoo Portfolio, Secures New Contracts in Q3

MT Newswires08-22

LHN (SGX:41O) expanded its Coliwoo co-living portfolio to 2,784 keys in the third quarter of fiscal year 2024, up from 2,534 in the previous quarter, according to a Wednesday filing on the Singapore Exchange.

The company secured 28 new facilities management contracts and renewed 16, while construction at 55 Tuas South remains on track, with units ready for sale in September.

LHN also acquired Wilmer Place via a joint venture and divested its 40% stake in Bukit Timah Shopping Centre's car park, improving cash flows.

The company anticipates a rebound in rental demand later this year and continues to grow its solar energy capacity and EV charging network.

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