Hong Kong, 16 October 2023 – ARA Asset Management (Prosperity) Limited (the "REIT Manager"), as manager of Prosperity Real Estate Investment Trust ("Prosperity REIT") [SEHK: 808], is pleased to announce that Prosperity REIT has been highly commended in the RICS Hong Kong Awards 2023 “Facilities Management Team of the Year”.

The RICS Awards showcase the most inspirational initiatives and developments in land, real estate, construction and infrastructure. The “Facilities Management Team of the Year” award recognizes teams responsible for the delivery of outstanding facilities management services to ensure functionality, comfort, safety and efficiency of the built environment by integrating people, place, process and technology.

Armed with extensive professional expertise and experience, the management team embraced a tenant-centric approach to deliver exceptional, versatile and heartwarming facility management services at all times that make the workplace feel like home. Overseeing the transformation into a modern and eco-friendly office, the management team skilfully implements innovative technologies and sustainable solutions including smart building management systems, tenant app, solar panels, energy-efficient chillers, rainwater collection system, recycling programs and urban farm.

Ms. Mavis Wong, CEO and Executive Director of the REIT Manager, stated, “We are honoured to receive this prestigious award from RICS. It is a testament to our team's expertise, passion, and commitment in leveraging technology and prioritizing sustainability to deliver best-in-class service in all aspects of facilities management. Looking forward, we will continue engaging our stakeholders including staff, business partners, service contractors, tenants, NGOs and community to share our ESG vision.”

About Prosperity REIT

Prosperity REIT [SEHK: 808] is a Hong Kong collective investment scheme authorized under section 104 of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Prosperity REIT owns a diverse portfolio of seven high-quality properties in the decentralized business districts of Hong Kong, comprising all, or a portion of, three Grade A office buildings, one commercial building, two industrial/office buildings and one industrial building, with a total gross rentable area of about 1.28 million sq. ft..

www.prosperityreit.com

About the REIT Manager

ARA Asset Management (Prosperity) Limited (the "REIT Manager") is the manager of Prosperity REIT. The REIT Manager is a wholly-owned subsidiary of ARA Asset Management Limited which is part of the ESR Group, APAC’s largest real asset manager powered by the New Economy and the third largest listed real estate investment manager globally.

www.esr.com

Disclaimer

The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Prosperity REIT in Hong Kong or any other jurisdiction.

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