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GuocoLand gets welcome exposure to prime district 9 from acquisition of Pacific Mansion

Michelle Zhu
Michelle Zhu3/20/2018 02:58 PM GMT+08  • 3 min read
GuocoLand gets welcome exposure to prime district 9 from acquisition of Pacific Mansion
SINGAPORE (Mar 20): Maybank and CIMB are maintaining their "buy” calls on GuocoLand following news of the developer’s joint en bloc acquisition of Pacific Mansion for a total of $980 million.
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SINGAPORE (Mar 20): Maybank and CIMB are maintaining their "buy” calls on GuocoLand following news of the developer’s joint en bloc acquisition of Pacific Mansion for a total of $980 million.


See: GuocoLand and Hong Leong win bid to acquire Pacific Mansion for $980 mil, highest in the current en bloc cycle

GuocoLand and Intrepid investments will hold 40% of the development each, with Hong Leong Realty owning the remaining 20%.

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