Acquisitions
GS Holdings buys Octopus Distribution Networks for $11.8m
GS Holdings buys Octopus Distribution Networks for $11.8m
The founder, Dato' Elaine Toh, will become a controlling shareholder in the group.
Singtel sells Dash to Western Union as part of simplification plan
Dash has over 1.4 million users.
ComfortDelGro unit acquires London's Addison Lee for $461.2m
The acquisition will increase the group's fleet to over 34,000.
Parkway Life REIT to acquire 11 nursing homes in Europe for $159.9m
The REIT expects to complete the acquisition by Q4 2024.
FLCT acquires Tuas South property for $140.3m
The trust financed the acquisition through debt financing.
CDLHT acquires Hotel Indigo Exeter and retail units for $33.2m
Its retail units have existing leases which will continue until 2033.
Centurion secures 25% stake in Australia student housing project
It acquired the stake for $2.19m.
Civmec to acquire Luerssen Australia in non-binding agreement with NVL
Luerssen Australia builds patrol vessels for the Royal Australian Navy.
SingLand-UOL JV buys 50% of Sydney’s 388 George Street for A$460m
The asset is fully leased.
Trek Technology to acquire 20% stake in China Chips Star Semiconductors
The chip company recorded $4.44m in revenue with net assets of $4.11m.
CLAS divests Citadines Karasuma-Gojo Kyoto for $53.1m
The price was 40.1% above the asset's book value.
TEHO's Korea unit plans $2.95m acquisition of Busan warehousing facility
The company already made a down payment of $295,000 to the vendor.
Olam Agri will not extend Namoi Cotton takeover offer
It will close on 8 October.
GIC and TPG Rise Climate to acquire Techem Group for €6.7b
The parties expect to close the transaction in the first half of 2025.
Mapletree Industrial Trust acquires 98.47% stake in Tokyo mixed-use facility
It will acquire the asset from Nagayama Tokutei Mokuteki Kaisha.
CLAS boosts Singapore portfolio with $263m lyf Funan acquisition
The acquisition is yield-accretive.
EMA clears Sembcorp’s acquisition of 30% stake in Senoko Energy
Acquisition awaits conditions, including Senoko shareholders' pre-emption rights.
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