Aldertree Properties completed the acquisition of a stake in Johdaya Karya from GIC-backed Reco City Square.

Financials

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Transaction Value-

Consideration TypeCash

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

vendor

Reco City Square Jb

vendor

Gic Private

target

Johdaya Karya

bidder

Aldertree Properties

Sources

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Tags

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Malaysia

shopping mall manager

Property Services

Acquisition

Completed

Friendly

Single Bidder

Majority

Private

Cross Border

Private Equity

Synopsis

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Aldertree Properties, a real estate company, completed the acquisition of a stake in Johdaya Karya, a Malaysia-based manager of Johor Bahru City Square shopping mall, from GIC-backed, a shopping mall company. Financial terms were not disclosed.

Aldertree Properties completed the acquisition of a stake in Johdaya Karya from GIC-backed Reco City Square.

vendor

vendor

target

bidder

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