Announced
Financials
Tags
Real Estate Holding and Development
office building
Majority
Private Equity
Acquisition
Friendly
Pending
Real Estate
Cross Border
Private
Hong Kong
Synopsis
PAG, an investment firm, and Mapletree Investments, a global real estate development, investment, capital and property management company, agreed to acquire Goldin Financial Global Centre, an office building featuring spacious interiors and flexible floor plans, for $713m. "We are very pleased to be partnering with Mapletree on this major acquisition. GFGC is an iconic building in Hong Kong’s CBD2, and represents very good value at a significant discount to replacement cost. This transaction further expands PAG Real Assets’ footprint in Hong Kong, where we see the ongoing post-Covid recovery creating attractive opportunities for us and our investors," J-P Toppino, PAG President.
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