Mapletree Said to Prepare $1.2 Billion IPO of Property Assets

Mapletree Said to Prepare $1.2 Billion IPO of Property Assets

Jerome Favre/Bloomberg

Swire Pacific Ltd., a Hong Kong office and shopping mall landlord, agreed to sell the Festival Walk shopping center to Mapletree for HK$18.8 billion ($2.4 billion) in July 2011.