Thursday, November 13, 2008

ytl出手了,下一个会是谁?

In the biggest Singapore Real Estate Investment Trust (REIT) deal to date, YTL Corporation, one of Malaysia's largest conglomerates, has acquired around 36% in Macquarie Prime REIT (MP Reit), and a 50% stake in its holding company Prime REIT Management Holdings (PRMH).YTL will buy the stakes from Macquarie Bank for around SGD285mn (US$193mn), in a deal that will make it MP REIT's largest shareholder and give it control of the trust. MP REIT boasts a portfolio consisting of 10 major properties in Singapore, Tokyo and China which is worth around SGD2.2bn, and has a market cap of around SGD516mn.

买50%控股的原因是有50%就可以命名了,那个52%price premium随便inject一两个properties进去就可以拿回来了
想象新加坡orchard road的ngee ann city & wisma atria上面高高挂着Starhill Global REIT

It was the best of times, it was the worst of times --Charles Dickens

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