Swire sold the Festival Walk shopping center to a unit of Singapore’s Temasek Holdings Pte for HK$18.8 billion ($2.4 billion), the biggest property transaction for the Hong Kong landlord. The proceeds give the real estate unit “sufficient capital for its current funding requirements,” Swire said. Full story
Temasek bought HK's Festival Walk Shopping Centre for US$2.4 billion
Swire sold the Festival Walk shopping center to a unit of Singapore’s Temasek Holdings Pte for HK$18.8 billion ($2.4 billion), the biggest property transaction for the Hong Kong landlord. The proceeds give the real estate unit “sufficient capital for its current funding requirements,” Swire said. Full story
