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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Market

Swire sells Festival Walk to Mapletree

Posted on 02 August 2011

In its biggest-ever property deal, Swire Properties is selling the Festival Walk mall and commercial complex in Hong Kong to Mapletree Investment, a Singapore property developer, for HK$18.8 billion ($2.4 billion). Mapletree is a 100% subsidiary of Temasek.
Sovereign wealth funds and private equity funds were seen as likely buyers although strategic investors like Mapletree were also invited to bid……………………………………….Full Article: Source

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