Announced
Completed
Financials
Sources
Tags
Completed
Australia
commercial real estate
Commercial REITs
Acquisition
Cross Border
Private
Majority
Real Estate
Friendly
Single Bidder
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.