Mapletree Investments Pte Ltd (Mapletree)

The agreement marks the introduction of the JW Marriott brand into the city, part of Mapletree Investments' enhancement plan.

The facility will be completed by the end of July, which will add to Mapletree’s total AUM in Japan.

The new offer values SPH at $3.9 billion, and is superior to Keppel’s revised scheme consideration of $2.351 per share.

"Temasek is at the center of these two transactions, something must have changed for this to have come about."

The consortium has proposed a consideration of $2.10 per share fully paid out in cash.

SINGAPORE (Nov 2): Mapletree Investments, the property arm of Singapore’s state investment fund Temasek Holdings, has acquired a portfolio of seven student accommodation assets located across six states in the US from Kayne Anderson Real Estate Advisors