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New Deal


Announced

KLCC Property to acquire the remaining 40% stake in Suria KLCC for $412m.

Financials

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Transaction Value£324m
Consideration TypeCash
Capital Owned-
Capital Bid For40%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Domestic

Real Estate

Friendly

Single Bidder

shopping mall

Malaysia

Acquisition

Majority

Real Estate Holding and Development

Pending

Synopsis

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KLCC Property, a REIT company, agreed to acquire the remaining 40% stake in Suria KLCC, a 6-story shopping mall, for $412m. "With a focused tenant strategy, deep data driven customer understanding and its long-term plans to revitalise the retail industry, Suria KLCC has positive long-term prospects and will be value accretive to the asset portfolio of KLCCP Stapled Group," Datuk Md. Shah Mahmood, KLCC Property CEO.

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