Singapore-listed Macquarie Prime Real Estate Investment Trust (REIT) has been renamed the Starhill Global REIT. This came after Starhill Global REIT Investments bought a 26 per cent stake in the REIT, as well as a 50 per cent stake in Macquarie Prime REIT's manager, Macquarie Pacific Star Prime REIT Management. Starhill Global is an indirect wholly-owned subsidiary of Malaysia-based conglomerate YTL...
Macquarie Prime Reit
YTL CORP, Malaysia's biggest builder, will spend $285 million for control of Macquarie Prime Real Estate Investment Trust (Reit), owner of stakes in two Singapore malls - Wisma Atria and Ngee Ann City. YTL, which is based in Kuala Lumpur, will buy 26 per cent of Macquarie Prime at 82 cents each from Macquarie Bank, it said yesterday in a statement. The company will also acquire 50 per cent of Prime Reit...
Malaysia's infrastructure developer YTL Corp is buying a 26 per cent stake in Singapore's Macquarie Prime REIT (MP REIT). It will also buy a 50 per cent stake in Prime REIT Management Holdings from Macquarie Bank. Prime REIT Management is the manager of Macquarie Prime REIT. The deals are worth a total of S$285 million. Under the agreement, YTL will buy over 247 million units of MP REIT at 82 cents...