Sovereign funds to join the auction show sale of the valuation of 14.5 billion shopping malls

a new round of 17 public housing shopping market brewing for sale, allegedly participating in the target is different from the past by the local investors, the target, including sovereign funds and private equity funds, Backing is not small. However, the show only said that the strategy is still a strategic assessment of the portfolio, once the news will be announced.

Leadership shares closed at $ 64.25 yesterday, up 0.6%. At the same time, the exhibition will be announced on November 8 interim results, generally believe that when the company will be on its portfolio review will have more account, at this stage into the lock-up period of directors. Although the reorganization of the consortium, the exhibition only said: “On July 26, 2021 announced that the manager intends to carry out a strategic assessment of the portfolio of the exhibition, the review is still in progress, the assessment may or may not lead to Any transaction, if any news will be announced, there is no supplement at this stage. ”

Potential buyers from China, the Middle East and other places

Local media reported yesterday, the exhibition came before the 17 shopping malls will be sold for sale, the first phase has been cut to attract the Middle East, including sovereign funds Abu Dhabi Investment Bureau, the United States Blackstone Group, CITIC Capital and other sovereign funds and institutional investors to bid Bid. This is repeated with the tender many times to the local investors buried the practice, obviously different. Allegedly launched the tender for the sale of 17 shopping malls, the market value of about 14.5 billion.

From 2014 to 2015, the show has sold 28 public housing malls for three consecutive years, bringing about $ 11.96 billion. In addition, the company since the beginning of the attack in 2011 and for the acquisition of China and Hong Kong office buildings, private shopping malls and other eight projects, the purchase of the latest valuation of about 31.803 billion yuan, accounting for about 18.3% of the total portfolio.