Why is Lost Recipes the perfect blueprint for educational experiences in virtual reality? We spoke to Melanie Hawke from Schell Games to find out.

In the past 2021, we were impressed by many memorable spots, the boiling of meme coins, the emergence of NFT, and the popularization of Metaverse. Behind the flourish of everything, one thing is limited addressed – public blockchains have mostly evolved to their ecological expanding stage. In fact, we’ve seen DOT initiate the parallel auction,…

The post The Inaugural aelf Node Election Crowned With A Grand Success appeared first on Bitcoin News Miner.

Metaverse land has steadily maintained value even during a brutal bear market for crypto.

Cash App said it generated $46 million of bitcoin gross profit during the fourth quarter of 2021, 14% year over year.

The Metaverse Culture Series kicks off with Black History Month. This week Meta debuted their Metaverse Culture Series, a first-ever VR series focused on creating an intersection between the future of technology and embracing culture and heritage for historically excluded communities. As the metaverse continues to grow, so does the idea of digital twinning. It’s […]

The post Meta Launches Metaverse Culture Series In Horizon Worlds appeared first on VRScout.

Bitcoin ($BTC) funding rates on major cryptocurrency exchanges are showing a ‘solid sign of capitulation & prices nearing bottom,” as traders are now starting to favor shorting the flagship cryptocurrency over longing it. Shorting, or short selling, is a trading strategy that speculates the price of an asset is going to decline. In it, a […]

How is Bitcoin defended by energy? And what is a nonce? These questions and more are answered within!

While traditional security controls are necessary at the perimeter, organizations also need to prevent malicious privileged access.

Global Pets World Group, a subsidiary of Wisdomcome group, has recently reached an agreement with Ammbr, a decentralised infrastructure technology developer in Abu Dhabi, to build the world’s first Global Pets theme park.

XRSPACE has landed $15 million of investment from electronics manufacturer Foxconn, in a partnership that could be worth $100 million

The post XRSPACE teams up with Foxconn to conquer the Metaverse appeared first on VRWorldTech Magazine.

Make no mistake, counting on a computer is not as easy as it may seem. Here’s what happens when a number gets “too big”.

The post Integer overflow: How does it occur and how can it be prevented? appeared first on WeLiveSecurity

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: [email protected]
Christina Cheuk Tel: 2114 4979 Email: [email protected]
Yvonne Lee Tel: 2864 4847 Email: [email protected]
Website: https://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.