Mapletree Investments, PAG to Purchase Hong Kong’s Goldin Monetary World Centre for $713 Mln

By Justina Lee

Singapore-based real-estate developer Mapletree Investments and PAG Personal Fairness stated Thursday that they’ve agreed to type a 50/50 three way partnership to accumulate Hong Kong’s Goldin Monetary World Centre for US$713 million from the receivers of Goldin Monetary Holdings Ltd.

“With the reopening of the border with China and the easing of journey restrictions, we’re assured of the restoration of the workplace sector in Hong Kong,” Wong Mun Hoong, Mapletree’s regional chief govt for Australia & North Asia, stated in a press release.

J-P Toppino, president of PAG, stated the transaction will additional increase the corporate’s real-estate enterprise footprint in Hong Kong, supported by the continuing post-Covid restoration.

Write to Justina Lee at

Source link

You May Also Like

About the Author: GPF