The Link REIT is seeking redress for damage to its reputation arising from a report that it has been renting out car parking spaces to non-residents in the housing estates it manages.
The company said it will issue a lawyer’s letter to FactWire which made the allegations in an investigative report. It said it reserves the right to take legal action.
FactWire said it had visited more than 190 of the company’s car parks that offer hourly parking and found that the Link had not restricted the use of about 14,500 hourly parking spaces to residents only.
Under current regulations, the company would need to pay a fee in exchange for a waiver on the lease conditions, which the Link REIT may have avoided paying, FactWire reported. The amount involved could reach HK$163 million.
“The report’s allegation that Link has paid a waiver fee for one case only is farthest from the truth,” the company said in a press release.
It said that there were 93 applications for temporary waivers approved by the Lands Department in relation to car parks as of September 2017.
The majority of these involve changing the numbers and types of parking spaces to be provided, and allowing some parking spaces to be used by non-residents of the respective estates or by those not specified in the land leases, the company said.
The Link REIT said FactWire’s report “shows an ill-informed understanding of car park operations and management”.
It said the company’s management of car parks “is in line with industry practices adopted by most car parks in Hong Kong”.
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