LHN occupancy rates surpass 90% in 1Q24

During the period, it secured a master lease renewal for an industrial property.

SGX-listed LHN Group reported occupancy rates of over 90% for its industrial, commercial, and Coliwoo co-living spaces as of 1Q24.

Key achievements for the period include securing the master lease renewal for an industrial property at 34 Boon Leat Terrace and launching the Coliwoo Hotel Pasir Panjang, the 15th co-living property under the Coliwoo brand. 

The company also secured 24 new facilities management contracts during 1Q24 and entered into a lodging facility contract with MOH Holdings in January.

The group manages 2,153 keys across its Coliwoo co-living projects in Singapore and 85 SOHO projects overseas.