Announced
Financials
Sources
Tags
Friendly
Real Estate Holding and Development
Pending
Cross Border
Singapore
Majority
shopping malls
Private
Single Bidder
Acquisition
Synopsis
Link REIT, a real estate investment trust, agreed to acquire a portfolio of Singapore shopping malls from Mercatus, a real estate subsidiary of NTUC Enterprise, for $1.6bn. “This transaction allows us to build a dedicated team in Singapore and provides a base for Link to expand further into other asset classes and strategies in Asia Pacific,” George Hongchoy, Link CEO.
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