The Singapore Prestige Brand Awards (SPBA) for 2023 have recently unveiled their list of distinguished winners, showcasing an impressive representation from emerging industries. Notably, two of our subsidiaries, Work + Store storage solutions and Coliwoo co-living spaces, have achieved recognition among this year’s winners.
During the interview with the hosts of MoneyFM “Breakfast” morning show, Lim covered insights about the recent launch of Coliwoo River Valley 298 and LHN Group’s strategic acquisition of twin properties in the same vicinity.
Robb Report Singapore Thought Leader: Kelvin Lim, executive chairman, executive director and group managing director of LHN Limited
Fueled by an insatiable passion for creating meaningful and innovative real estate products, Kelvin has devoted his efforts to nurturing talent and transforming the LHN Group from a traditional space leasing business into a thriving real estate management services group, introducing successful space concepts such as Coliwoo co-living spaces and Work + Store storage solutions.
LHN executive chairman and group managing director Kelvin Lim is gunning for Coliwoo to have 10,000 rooms by 2030, which he says can be achieved through market consolidation or overseas acquisitions.
LHN’s approach is to offer co-working facilities as a part of value-added shared amenities – a strategy it has adopted for space concepts and yielded positive results, as seen at its communal lounge at Coliwoo Orchard.
Co-living space operator LHN plans to spend $14.5 million to buy 99 Rangoon Road, and convert the property into a student hostel, extending its spate of acquisitions.
LHN has entered into options to purchase a portfolio of units across two properties at River Valley Road for a total consideration of S$23.3 million, with plans to convert them into serviced residences or a hotel under the Coliwoo brand.
This in-depth Q&A session addressed important investor queries, revealing the strategic thinking driving the company’s growth and financial stability, and shed light on what shareholders can anticipate in the coming years.
MAYBANK Securities has initiated coverage on real estate management company LHN with a “buy” call and 12-month target price of S$0.54.
LIM & Tan Securities has initiated a “buy” call on LHN with a target price of S$0.50. It believes the company will stand to gain the most from the growth in the co-living sector.