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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Mapletree ‘in talks to buy HK’s Festival Walk’

Posted on 29 June 2011

Mapletree Investments, a property arm of Singapore investment company Temasek Holdings, is in discussions to buy the Festival Walk retail complex (picture) in Hong Kong’s Kowloon Tong district, the Sing Tao Daily reported yesterday, citing an unnamed person familiar with the matter.
Sing Tao said Hong Kong conglomerate Swire Pacific may divest Festival Walk for HK$22 billion (S$3.5 billion). If successful, the sale would be the biggest property transaction in the city’s history, the newspaper said, without citing anyone……………………………………….Full Article: Source


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