LHN Limited (41O) reported solid operational metrics for the first quarter ended Dec, 31 2025, highlighting high occupancies in its core Space Optimisation Business and continued growth in its Facilities Management, Carpark and Energy segments.
The Group’s co-living brand, Coliwoo, had 3,200 secured rooms in Singapore with an occupancy rate of 96.5 % at end-December. Industrial properties recorded occupancies of 93.1 % for Work+Store Space and 95.3 % for Industrial Space, while Commercial Space was 86.0 %.
During the quarter, Coliwoo added 267 rooms via a new management contract and a joint-venture acquisition, bringing total residential inventory (including SOHO units) to 3,529 rooms, of which 865 are under renovation.
In Facilities Management, subsidiary Industrial & Commercial Facilities Management Pte. Ltd. won 14 new contracts and renewed 100, serving 119 clients as of Dec, 31 2025.
The Carpark division expanded to 105 sites with about 28,500 lots after adding two carparks with over 750 lots in 1QFY2026. Operations at Ngee Ann Polytechnic and Ibis Bencoolen began on Jan, 01 2026, lifting managed capacity to more than 29,700 lots.
Energy assets totalled roughly 10.8 MW of installed solar capacity at quarter-end, with a new 0.04 MW contract secured. The business has also started solar panel operations and maintenance services.
Under its Property Development arm, LHN’s subsidiary WPS (TPY) Pte. Ltd. took a 5 % stake in Thomson Gem Pte. Ltd. on Oct, 22 2025, which successfully bid for an industrial site at 680 Upper Thomson Road for redevelopment.
Looking ahead, Coliwoo plans to open the 212-room Coliwoo Midtown in Mar, 2026 and the 380-room 159 Loyang Besar in 3QFY2026. A 120-room boutique hotel at 50 Armenian Street is targeted to start operations in 2028. A joint-venture purchase of 1 King George’s Avenue is expected to add about 153 rooms, and on Jan, 30 2026 Coliwoo agreed to buy a hotel strata lot at 2 Changi Business Park Avenue 1 for 101 million Singapore dollars, featuring more than 250 rooms and ground-floor retail space.
As part of its capital-recycling strategy, Coliwoo completed the sale-and-leaseback of Coliwoo Hotel Pasir Panjang for 43.9 million Singapore dollars in Jan, 2026.