Mirae Asset Global Investments acquires Singapore REIT Operator
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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stockmk2020@alphabiz.co.kr | 2023-03-14 20:18:14
[Alpha Biz=(Chicago) Reporter Kim Jisun] Mirae Asset Global Investments acquires a Singapore REIT Operator.
According to the investment banking (IB) industry on the 14th, Mirae Asset Global Investments has been selected as the preferred bidder for the acquisition of Manulife US Real Estate Management (MUSREM), a Singapore REIT management company.
It is known that the size of the acquisition contract is about 200 billion won. Mirae Asset Global Investments is said to have offered the REIT management company (MUSREM) and some REIT shares as a condition of purchase.
MUSREM is a REIT management company affiliated with Manulife Financial (MFC), Canada's leading financial group. It is operating 'Manulife US REITs'. Listed on the Singapore Stock Exchange (SGX) in 2016, this REIT is the first REIT listed on SGX among REITs investing in US office buildings, and is the first office REIT listed in Asia with 100% assets in the US.
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