The Asset Update
Temasek-owned Mapletree to buy Swire Pacific mall for USD2.4 billion
01 Aug 2011 by Nina PabloTemasek Holdings’ property firm Mapletree Investments is acquiring Hong Kong shopping complex Festival Walk in a deal worth HKD18.8 billion (USD 2.4 billion). According to a statement made to the Hong Kong Stock Exchange, Mapletree has already paid a deposit of HKD1.8 billion (USD230.97 million), and the sale will be finalized on August 18....
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