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New Deal


Announced

Completed

Chinachem completed the acquisition of One New Street Square from Land Securities Group for $432m.

Financials

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Transaction Value£349m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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office property

Completed

Single Bidder

Friendly

Private

Acquisition

Real Estate Holding and Development

Cross Border

Real Estate

Majority

United Kingdom

Synopsis

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Chinachem, a property developer, completed the acquisition of One New Street Square from Land Securities Group, a commercial property development and investment company, for $432m. "Through this sale we have been able to unlock capital at a rate that has provided strong returns over our 18 years of ownership. Crystallising these returns enables us to turn towards future opportunities and future growth through balance sheet strength and flexibility," Marcus Geddes, Land Securities Managing Director.

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