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acquisitions
Property
City Developments’ acquisitions likely to top $2 bil this year with Xintiandi purchase
CDL's 51% stake in a Xintiandi site takes total acquisitions ytd to $2 billion as it seeks to meet its divestment goal of $1 billion
22 days ago
REITs
ESR-LOGOS REIT makes a bigger push into Japan
ESR-LOGOS REIT to acquire new logistics assets from sponsor for $722 million, sponsor to backstop EFR
August 01, 2024
Results
E-LOG's DPU falls by 18.6% in 1HFY2024 following 2023 divestments, plans two acquisitions
E-LOG's DPU in 1HFY2024 fell by 18.6% following divestment of 11 properties in FY2023.
July 31, 2024
Company in the news
CapitaLand Investment acquires three properties in Singapore and Thailand
The total investment value of the four new acquisitions brings CLI’s funds under management in the region to $1.2 billion.
February 07, 2024
M&A
Centurion Corp set to acquire remaining 51% stake in Oriental Amber
The acquisition will be completed on Dec 21, following which Oriental Amber will become a 100%-owned subsidiary of Centurion.
December 15, 2023
Right Timing
Technicals versus fundamentals highlight poor sentiment surrounding acquisitions
Price action suggests investors don't like acquisitions or hints of acquisitions in this part of rate cycle
October 19, 2023
M&A
ComfortDelGro buys buses and depots in Queensland, Australia for $17.5 mil
CDG is acquiring the business assets of Young’s Bus Services, including 42 buses and two depots.
July 21, 2021
REITs
Suntec REIT divests Suntec City office strata units for $197 mil; acquires The Minster Building in London for $667.2 mil
The London acquisition is said to be accretive to the REIT’s distribution per unit (DPU) and net asset value (NAV).
June 30, 2021
ESR-REIT eyes acquisitions overseas, AEIs at home
ESR-REIT plans acquisitions overseas supported by sponsor ESR Cayman, organic growth through AEIs at home
March 05, 2021
M&A
OCBC acquires remaining 51% stake in Horizon Asset Management for RM2.6 mil
Horizon, following the acquisition, is now a wholly-owned subsidiary of OCBC Bank through KIM Limited.
February 18, 2021