Mercatus Co-operative Archives - Mingtiandi

Mercatus Marketing Singapore Community Retail Portfolio for $194M

Beatrice Laforga — Tue, 26 Sep 2023 16:07:43 +0000

After opening the year selling a trio of mall properties for more than S$2.8 billion, Mercatus Co-operative has headed back to the market with a set of community retail assets carrying a price tag of S$265 million ($194 million).

Marketing... Read More>>

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Frasers Group JV Buys Half-Stake in Mercatus Singapore Mall for $497M

Beatrice Laforga — Fri, 27 Jan 2023 07:02:22 +0000

The manager of Frasers Centrepoint Trust and its sponsor, Singapore-listed property developer Frasers Property, have teamed up to acquire a 50 percent stake in the largest mall in northeast Singapore from Mercatus Co-operative Ltd for S$652.5 million ($497 million).

FCT’s... Read More>>

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Singapore’s Income Insurance Hires CBRE IM to Manage $3B Real Estate Portfolio

Beatrice Laforga — Wed, 11 Jan 2023 12:06:33 +0000

Singapore’s Income Insurance has tapped CBRE Investment Management to manage its $3 billion real estate portfolio, according to a statement on Wednesday, with the news coming just two weeks after its sister company, Mercatus Co-operative, sold a pair of malls... Read More>>

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Link REIT Buying Mercatus Malls for $1.6B in Singapore’s Biggest Deal of 2022

Beatrice Laforga — Wed, 28 Dec 2022 16:41:10 +0000

Hong Kong’s Link REIT is entering Singapore with a bang as it records the city’s largest real estate acquisition this year with a S$2.16 billion ($1.6 billion) purchase of a pair of suburban malls from Mercatus Co-operative Ltd, according to... Read More>>

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Link REIT Tipped to Win Singapore Mall Deal and More Asia Real Estate Headlines

Christopher Caillavet — Tue, 29 Nov 2022 12:02:26 +0000

In today’s roundup of regional news headlines, Asian property giant Link REIT reportedly closes in on the acquisition of a Singapore mall portfolio, and China regulators pull out the stops to help the nation’s ailing developers.

Link... Read More>>

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Link REIT, Frasers Vie for $2B Singapore Mall Portfolio as Headwinds Build

Beatrice Laforga — Wed, 26 Oct 2022 12:48:29 +0000

A tender for a set of Singapore malls is down to two contenders, with SGX-listed Frasers Property and Hong Kong’s Link REIT battling it out for the assets belonging to Mercatus Co-operative, in what would be the city’s biggest property... Read More>>

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Singapore’s Mercatus Trims Back Mall Disposal Plan and More Asia Real Estate Headlines

Christopher Caillavet — Mon, 10 Oct 2022 16:01:12 +0000

In today’s roundup of regional news headlines, NTUC is said to be scaling back the planned sale of its mall portfolio in Singapore, while the city-state’s heavy-hitting sovereign investors are reportedly in talks to lend support to a $10 billion... Read More>>

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Singapore’s Mercatus Said Marketing Stake In $790M Sydney Office Tower

Beatrice Laforga — Mon, 12 Sep 2022 14:21:05 +0000

Singapore’s Mercatus Co-operative is continuing to sell down its real estate portfolio, with sources familiar with the company’s plans saying that it is preparing to sell off a one-third interest in a Sydney office tower which it acquired just over... Read More>>

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NTUC Selling 16 Collyer Quay in Singapore to China’s Bright Ruby for $717M

Beatrice Laforga — Fri, 01 Jul 2022 09:14:39 +0000

Bright Ruby Resources, an investment firm backed by Chinese billionaire Du Shuanghua, has won the tender for 16 Collyer Quay, picking up the Raffles Place office tower from NTUC Income for approximately S$1 billion ($717.2 million), according to multiple sources... Read More>>

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BlackRock to Double Singapore Space and More Asia Real Estate Headlines

Proud Channara — Sat, 25 Jun 2022 08:36:38 +0000

In today’s roundup of regional news headlines, asset management champ BlackRock plans a major expansion in Singapore, private equity giant Blackstone completes its acquisition of Aussie casino operator Crown Resorts, and Fitch Ratings drops coverage of a Chinese homebuilder.