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.

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. 

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.

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%.