CapitaLand Investment completed the acquisition of the Shanghai office project of Tishman Speyer for $1.1bn.

Financials

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Transaction Value£910m

Consideration TypeCash

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

bidder

Capitaland Investment Management

vendor

Tishman Speyer Properties

target

Tishman Speyer (shanghai Office Project)

Sources

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Single Bidder

Friendly

Real Estate

China

Completed

Real Estate Holding and Development

office buidling

Private

Majority

Cross Border

Acquisition

Synopsis

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CapitaLand Investment Management, a REIT, completed the acquisition of the Shanghai office project of Tishman Speyer, a real estate firm, for $1.1bn. “We set out to create a vibrant mixed-use community, powered by the world’s most technologically advanced companies over a decade ago. CapitaLand’s investment is a testament to the tremendous success of our vision," Rob Speyer, Tishman Speyer CEO.