LHN Limited (41O) released its business update for the first quarter of the financial year ending Sep, 30 2026 on Mar, 4 2026, highlighting resilient operations across its core segments of space optimisation, facilities management, energy and property development.

Groupwide occupancy exceeded 90%, with the Coliwoo co-living portfolio achieving a record 96.5% occupancy across 3,200 rooms, up from 2,933 rooms at end-September 2025. The residential pipeline totals a further 865 rooms under renovation, mainly at projects on Middle Road, Jalan Loyang Besar, King George’s Avenue and Armenian Street, scheduled to open between the June 2026 and December 2027 quarters. Management reiterated its goal to expand Coliwoo to about 4,000 rooms by end-2026.

Industrial operations comprised 16 Singapore properties with approximately 2.1 million sq ft of net lettable area and a 95.3% occupancy rate as at Dec, 31 2025. The Work+Store self-storage division maintained seven facilities housing 2,014 units, recording a 93.1% occupancy rate.

Commercial assets totalled five properties with about 320,000 sq ft of net lettable area and an 86.0% occupancy rate.

During the quarter LHN closed two joint-venture acquisitions: the 680 Upper Thomson Road industrial site and the former REHAU Building at 1 King George’s Avenue, both earmarked for redevelopment into higher-yielding uses including co-living. In addition, on Jan, 12 2026 the group completed a sale-and-leaseback of its 404 Pasir Panjang Road co-living hotel, advancing its asset-light strategy.

On Jan, 30 2026 the company entered a put-and-call option to buy a leasehold hotel strata lot at 2 Changi Business Park Avenue 1 for 101 million Singapore dollars. The property, offering more than 250 rooms and ground-floor retail space, is slated for completion by Mar, 31 2026 and is expected to bolster the co-living platform.

The facilities management arm secured 14 new contracts in the quarter and increased its car-park portfolio to about 28,500 lots across 105 sites. The energy division grew installed solar photovoltaic capacity to 10.8 MW and maintained 19 electric-vehicle charging stations, with an additional 2.5 MW of solar projects in progress or design.

Management outlined a FY2026 roadmap focused on expanding the Coliwoo platform to 4,000 rooms, enlarging the Work+Store footprint, deploying technology in facilities management and advancing sustainability initiatives such as adaptive reuse of heritage assets and non-roof solar installations.