Retail 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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PAG Buying Perth Mall From CPPIB-Backed Fund After Price Slides 25%

Michael Cole — Thu, 21 Sep 2023 15:23:20 +0000

Asian private equity powerhouse PAG has made its second opportunistic property purchase in Australia within less than two months with the pick-up of Perth mall for a figure said to be around a quarter less than what its owners were... Read More>>

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Dasin Retail Trust Scraps Proposed Deal With Mystery Mainland Entity as Restructuring Talks Drag On

Christopher Caillavet — Thu, 06 Jul 2023 14:43:51 +0000

Defaulted mall landlord Dasin Retail Trust notified the Singapore Exchange on Thursday that a proposed memorandum of understanding with a “reputable Chinese entity” has been terminated over concerns about legality and some recent actions taken by Zhang Zhencheng, who together... Read More>>

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Wanda Group Reveals Fourth Attempt at Hong Kong IPO for Mall Management Unit

Christopher Caillavet — Sun, 02 Jul 2023 07:00:56 +0000

After failing three times previously, Dalian Wanda Group is taking another stab at listing its mall management unit on the Hong Kong stock exchange.

Zhuhai Wanda Commercial Management filed an application proof for a Hong Kong initial public offering last... Read More>>

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Mainland Regulators Query Wanda Group Over Hong Kong IPO Application

Beatrice Laforga — Thu, 08 Jun 2023 15:06:58 +0000

Chinese regulators have asked Dalian Wanda Commercial Management to provide additional details on its application for a Hong Kong initial public offering, fuelling worries over the ability of the country’s largest commercial developer to meet its listing deadline this year.

Blackstone Set to Launch India’s First Mall REIT in $391M IPO Next Week

Michael Cole — Mon, 01 May 2023 07:19:25 +0000

US fund management giant Blackstone will kick off the initial public offering for India’s first listed trust of retail properties on 9 May, with a goal of raising up to INR 32 billion ($391 million), according to an updated prospectus... Read More>>

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Dalian Wanda Mall Unit Fails to List on HKEX for a Third Time

Mingtiandi Team — Tue, 25 Apr 2023 15:41:59 +0000

China’s largest commercial developer has failed for a third time to achieve a listing on the Hong Kong stock exchange, with the status of Zhuhai Wanda Commercial Management Group’s application for an initial public offering being updated to invalid as... Read More>>

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China Expands REIT Regime to Include Malls and Department Stores

Beatrice Laforga — Mon, 27 Mar 2023 11:46:32 +0000

China has expanded its pilot program for publicly traded real estate investment trusts (REITs) to include shopping malls and other retail properties, as authorities continue to expand access to liquidity for companies in the property sector.

With the country’s public... 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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Dasin Retail Trust Slapped With Default Notice After Payment Fail

Christopher Caillavet — Fri, 20 Jan 2023 03:35:46 +0000

Chinese mall landlord Dasin Retail Trust has received a letter from Macau’s Luso Bank declaring a default after the Singapore-listed REIT failed to make an interest payment on a $13.1 million loan facility.

Pursuant to the last interest payment made... Read More>>

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