Metro Holdings

Joint ventures and alliances

Metro disposes 50% stake in PT Metropolitan Retailmart for $25 mil

SINGAPORE (Dec 13): Metro Holdings is selling its entire 50% stake in PT Metropolitan Retailmart (PT MRM) to its JV partner PT Trans Corpora for $25 million.


Metro to invest $89.7 mil for 20% stake in portfolio of 14 Australian properties

SINGAPORE (Nov 8): Metro Holdings is eyeing an entry into Australia’s commercial real estate market with an investment of A$95.8 million ($89.7 million) for the proposed acquisition of a 20% stake


Metro 1Q earnings down 47.5% to $10.6 mil on higher costs, lower JV contributions

SINGAPORE (Aug 13): Metro Holdings reported 1Q20 earnings almost halved to $10.6 million, compared to $20.2 million in 1Q19.


Metro's 4Q earnings surge to $51 mil on fair value gains & share of JVs

SINGAPORE (May 28): Metro Holdings has announced 4Q19 earnings of $51 million compared to $1 million a year ago, due to higher revenue and fair value gains, as well as a surge in share of results i


Metro reverses into 4Q loss but full-year earnings still up 94%

SINGAPORE (May 25): Metro Holdings reversed into 4Q losses of $1.9 million from earnings of $34.2 million a year ago.


Metro in JV acquiring 90% stake in Shanghai Plaza for $613 mil

SINGAPORE (May 17): Metro Holdings, together with other joint venture partners, is acquiring a 90% stake in Shanghai Plaza, for RMB2.9 billion ($613 million).

Silverlake Axis' cloud retail automation solution selected by Metro

SINGAPORE (Apr 19): Retail group Metro Holdings will soon be using a cloud-based retail automation solution from Silverlake Axis.


Metro announces $114 mil investment in Indonesia's Trans Park Bintaro project

SINGAPORE (Apr 16): Metro Holdings has established a partnership with Trans Corp and Lee Kim Tah Group to develop two towers in Jakarta with a value of Rp1.33 trillion ($127 million).


Metro's 3Q earnings surge 7 times to $147 mil on gain from disposal of 8 projects by Top Spring

SINGAPORE (Feb 12): Metro Holdings, the property group backed by regional retail operations, reported 3Q18 earnings surged 7.2 times to $146.7 million from $20.5 million a year ago.


Metro JV to acquire London office property for $148 mil

SINGAPORE (Jan 23): Metro Holdings has formed a 50:50 joint venture with Singapore-based Lee Kim Tah Group to jointly acquire a freehold office property at 5 Chancery Lane in London for a total of

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