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Announced

29 Apr 2021

Completed

31 Aug 2021

Huge Harvest International completed the acquisition of New Century Real Estate Investment Trust for $246m.

Synopsis

Huge Harvest International, the largest unitholder of New Century REIT, completed the acquisition of New Century Real Estate Investment Trust, a hotel REIT, for $246m.

Principals

target

New Century Real Estate Investment Trust

bidder

Huge Harvest International

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Market Context

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Seller Team (5)

jin wenjie

Chairman at NEW CENTURY REAL ESTATE INVESTMENT TRUST

Manager

target

Deals

£ 676 M

Total Value

ho jianmin

NEW CENTURY REAL ESTATE INVESTMENT TRUST

Manager

target

Deal

£ 186 M

Total Value

angelini giovanni

Non-executive Director at NEW CENTURY REAL ESTATE INVESTMENT TRUST

Manager

target

Deal

£ 186 M

Total Value

wai chu ho

CEO at NEW CENTURY REAL ESTATE INVESTMENT TRUST

Manager

target

Deal

£ 186 M

Total Value

yu hon to david

Non-executive Director at NEW CENTURY REAL ESTATE INVESTMENT TRUST

Manager

target

Deal

£ 186 M

Total Value

Bidder Team (2)

zhang guanming

Director at HUGE HARVEST INTERNATIONAL LIMITED

Manager

bidder

Deal

£ 186 M

Total Value

yeung shon tony

Director at HUGE HARVEST INTERNATIONAL LIMITED

Manager

bidder

Deal

£ 186 M

Total Value

Vendor Team (3)

charles lam

Associate at Dechert

Lawyer

vendor

Deals

£ 1.14 B

Total Value

stephen chan

Partner at Dechert

Lawyer

vendor

Deals

£ 1.14 B

Total Value

jacqueline foo

Associate at Dechert

Lawyer

vendor

Deal

£ 186 M

Total Value

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