| 02.08.2011 - Swire sells Festival Walk to Mapletree |
| 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 |