LHN industrial-space occupancy reaches 97.7% in Q3

The group expanded its facilities-management, carpark and energy portfolios.

LHN recorded an industrial-space occupancy rate of 97.7% in the third quarter of FY2026, supported by continued demand across its space-optimisation portfolio.

Its Work+Store properties achieved an occupancy rate of 92.9%, whilst commercial-space occupancy stood at 78.5%.

LHN attributed the lower commercial occupancy to the expiry and non-renewal of an anchor tenant’s lease. The group has secured a replacement tenant whose rental contract will begin in Q4.

Its Coliwoo co-living portfolio recorded an average occupancy rate of 93.7%, including the ramp-up of Coliwoo Midtown, which opened in March. Excluding Midtown, average occupancy was 96%.

The group had 3,897 rooms across its Coliwoo and 85 SOHO portfolios as of 30 June, including 1,021 rooms under renovation.

LHN’s integrated facilities-management business managed 134 clients through 326 active contracts. Its carpark portfolio expanded to 107 facilities with more than 30,100 lots in Singapore, while its solar-energy capacity increased to approximately 12.3 megawatts.

The group also secured a five-year retail-consultancy contract from the Housing & Development Board in July. Under the agreement, LHN will provide retail consultancy, marketing and tenancy-administration services for interim tenancies.

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