Malaysia's YTL Buys Control of Singapore REIT

Malaysian developer YTL is dishing out $189 million for Singapore's Macquarie Prime Reit in the largest Singapore REIT M&A deal to date

YTL Corp, a Malaysian investment holding and management company, last night announced that it will acquire a 26% stake in Macquarie Prime Reit (MP Reit) and 50% of Prime Reit Management Holdings (PRMH) from Macquarie for S$285 million ($189 million).

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