Product details

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Abstract

BlackRock acquired MGPA, a Singapore-based independently managed real estate investment firm in October 2013. Shortly after the acquisition, BlackRock began the divestment of its Singapore and Malaysia assets. In April 2014, BlackRock was seeking bids to sell the Intermark, a development in Kuala Lumpur, Malaysia, purchased by MGPA Asia Fund II in 2007. With the sale of Integra Tower and the DoubleTree Hotel, efforts are now concentrated on the Vista Tower and the retail mall. In this case study, two potential (and hypothetical) buyers were identified - KLDS REIT and China Life Insurance (CLI) company. This case involves a market analysis for the potential buyers, deal structuring strategies as well as an initial exploratory meeting to establish relevant information, facts and interest.

Teaching and learning

This item is suitable for undergraduate, postgraduate and executive education courses.

Time period

The events covered by this case took place in 2015.

Geographical setting

Region:
Asia
Country:
Malaysia
Location:
Kuala Lumpur

About

Abstract

BlackRock acquired MGPA, a Singapore-based independently managed real estate investment firm in October 2013. Shortly after the acquisition, BlackRock began the divestment of its Singapore and Malaysia assets. In April 2014, BlackRock was seeking bids to sell the Intermark, a development in Kuala Lumpur, Malaysia, purchased by MGPA Asia Fund II in 2007. With the sale of Integra Tower and the DoubleTree Hotel, efforts are now concentrated on the Vista Tower and the retail mall. In this case study, two potential (and hypothetical) buyers were identified - KLDS REIT and China Life Insurance (CLI) company. This case involves a market analysis for the potential buyers, deal structuring strategies as well as an initial exploratory meeting to establish relevant information, facts and interest.

Teaching and learning

This item is suitable for undergraduate, postgraduate and executive education courses.

Settings

Time period

The events covered by this case took place in 2015.

Geographical setting

Region:
Asia
Country:
Malaysia
Location:
Kuala Lumpur

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