Temasek-Backed Cuscaden To Delist Paragon In Deal Valuing Shopping Mall REIT At $2.1 Billion
Cuscaden Peak Investments—backed by Singapore state-linked investor Temasek Holdings—is seeking to take Paragon REIT private ...
Cuscaden Peak offers to privatise Paragon Reit for $2.78b as it eyes major upgrading of Paragon mall
The upgrading of the 30-year-old mall could cost between $300 million and $600 million. Read more at straitstimes.com.
The Edge Singapore13h
Cuscaden Peak offers to privatise Paragon REIT at 98 cents per unit
Cuscaden Peak expects to spend between $300 million and $600 million to refurbish the Paragon mall, taking between three and ...
Temasek-Backed Cuscaden Seeks to Take Paragon REIT Private
A unit of Cuscaden Peak Pte. is seeking to take Paragon REIT private, in a growing sign of the headwinds facing Singapore’s ...
Cuscaden Peak offers to take Paragon REIT private in $2 billion deal
Singapore's Paragon REIT said on Tuesday that it had received a privatisation offer from its top shareholder Cuscaden Peak, valuing the real estate firm at S$2.78 billion ($2.05 billion).
Business Times7h
Paragon Reit jumps 11.8% on privatisation offer
UNITS of Paragon Real Estate Investment Trust (Paragon Reit) jumped on Tuesday (Feb 11) after the manager announced that it received a S$0.98-per-unit privatisation offer from Times Properties. Read ...
dealstreetasia12h
Top shareholder Cuscadean Peak offers to take Singapore's Paragon REIT private
Paragon REIT, a retail real estate investment trust in Singapore, is likely to be privatised and delisted from the Singapore ...
Singapore's Paragon REIT gets buyout offer valuing it at $2 billion
Singapore's Paragon REIT said on Tuesday it received a buyout offer from its major shareholder, Cuscaden Peak, and parties valuing the real estate firm at S$2.78 billion ($2.05 billion). The offeror, ...
Business Times9h
Temasek-backed Cuscaden moves to privatise Paragon Reit at S$0.98 per unit
TIMES Properties, a wholly-owned subsidiary of Cuscaden Peak Investments, is looking to take Paragon Real Estate Investment Trust (Reit) private by way of a trust scheme of arrangement, for S$0.98 per ...
Singapore's Temasek-Backed Sponsor Plans to Take Retail REIT Private in $2 Billion Deal
Singapore's Temasek-backed sponsor of Paragon REIT offered to take the retail investment trust private, valuing it at more than $2 billion, in a bid to renovate its flagship shopping mall in the heart ...
IPE3h
Temasek-backed entities bid $2.8bn to privatise retail trust Paragon REIT
Cuscaden Peak and its subsidiaries, which currently own 61.5% of Paragon REIT, have offered unitholders S$0.98 in cash per unit representing a 7.1% premium to the retail trust’s net asset value and a ...
BRIEF-Paragon REIT Announces Proposed Scheme Of Arrangement To Privatise Paragon REIT
CUSCADEN PEAK AND PARAGON REIT JOINTLY ANNOUNCE PROPOSED SCHEME OF ARRANGEMENT TO PRIVATISE PARAGON REIT * OFFEROR BELIEVES A POTENTIAL SIGNIFICANT ASSET ENHANCEMENT INITIATIVE IS NECESSARY TO MAINTAI ...