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Announced

Link REIT to acquire a portfolio of Singapore shopping malls from Mercatus for $1.6bn.

Financials

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Transaction Value£1m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Real Estate Holding and Development

Pending

Cross Border

Singapore

Majority

shopping malls

Private

Single Bidder

Acquisition

Synopsis

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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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