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Announced

JP Morgan to acquire a 50% stake in One George Street for $472m.

Financials

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Transaction Value£355m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Real Estate Holding and Development

office asset

Cross Border

Majority

Pending

Singapore

office real estate

Acquisition

Private

Private Equity

Friendly

Single Bidder

Synopsis

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JP Morgan Asset Management, agreed to acquire a 50% stake in One George Street, an office real estate in Singapore, for $472m. The 23-floor Grade A office tower is strategically located in the central business district with access to multiple transport links. It has a green building certification and an occupancy rate of 97% as of September 30.

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