Acquisitions
Boustead Projects JV to acquire Minh Quang for $14.4m
The JV will acquire 3,300,000 ordinary shares of the Vietnamese company.
Boustead Projects JV to acquire Minh Quang for $14.4m
The JV will acquire 3,300,000 ordinary shares of the Vietnamese company.
Mapletree Logistics Trust acquires Grade A warehouse in India for $14.5m
The warehouse is 100% leased to a domestic 3PL operator.
Wing Tai acquires property in Melbourne for $24.7m
The acquisition will not have a material impact on the group’s net asset value.
Keppel to acquire initial 50% stake in Aermont Capital for $517m
The company expects to complete its stake acquisition in 1H24.
TE Capital-LaSalle JV to acquire VisionCrest Commercial
The asset has an occupancy rate of 99%.
Parkway Life REIT acquires two nursing homes in Osaka for $16.4m
The REIT will acquire the property at approximately 11.9% below valuation.
Grab Rentals’ acquisition of Trans-cab still under review - CCCS
The acquisition has not been cleared of competition concerns.
Keppel’s private fund acquires 2 education assets in Sydney for $175m
The acquisition will bring Keppel’s portfolio to $4.3b of assets in Australia.
Competition commission greenlights Fujifilm-CMC Materials KMG Corporation merger
The commission cited four reasons for its financial assessment.
CLI’s core-plus private fund acquires logistics property in S.Korea for $112m
The acquisition brings the fund’s FUM to over $1b.
KKR to acquire 20% stake in Singtel’s regional data centre business
The global investment company will commit up to $1.1b.
First Sponsor units acquire Allianz Tower in Rotterdam for $90.6m
The tower is fully leased to Allianz Nederland Groep until 31 December 2035.
CDL expands Japan portfolio with $78.5m hotel acquisition in Osaka
This marks CDL’s third hotel acquisition in 2023.
SGX directs Rex International to appoint independent reviewer for Moroxite T acquisition
The bourse served a notice of compliance to Rex International.
IHH Healthcare beefs up stake in India’s Gleneagles Global Hospitals
The SG-based healthcare provider acquired the additional stake for $121.1m.
CapitaLand Ascendas REIT acquires Seagate’s R&D facility for $218.24m
The acquisition will expand CLAR’s footprint in the one-north district by 13%.
Mapletree Logistics Trust to acquire logistics properties in Japan, Australia, and South Korea
The REIT will acquire the priorities for $913.6m.