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New Deal


Announced

Completed

Mitsubishi completed the acquisition of a 50% stake in 60 Margaret Street and MetCentre from Mirvac and Blackstone for $389m.

Financials

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Transaction Value£306m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Australia

commercial real estate

Commercial REITs

Acquisition

Cross Border

Private

Majority

Real Estate

Friendly

Single Bidder

Synopsis

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Mitsubishi, a group of autonomous Japanese multinational companies, completed the acquisition of a 50% stake 60 Margaret Street and MetCentre from Mirvac, a development and management property group, and Blackstone, a private equity firm, for $389m. “The sale of 60 Margaret Street and MetCentre forms part of our strategic asset sales program, helping to further strengthen our balance sheet and improve cash flow resilience of our investment portfolio in a challenging operating environment,” Campbell Hanan, Mirvac CEO and Managing Director.

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