Macquarie goes shopping in China
(27 July 2005 – China) Australia’s Macquarie Bank has sunk US$93 million into a syndicate that is buying a portfolio of shopping centres in China.
The investment bank will contribute some US$38 million of senior debt and US$55 million of equity, which represents about 24 percent of the overall equity raised.
Macquarie indirectly owns the company which is part of a syndicate of institutional investors that have bought nine retail malls in China.
"Macquarie will investigate a number of options for its interests in the properties including the possible partial transfer into a Macquarie managed fund within 18 months," the bank said.
Macquarie indirectly owns the company which is part of a syndicate of institutional investors that have bought nine retail malls in China.
"Macquarie will investigate a number of options for its interests in the properties including the possible partial transfer into a Macquarie managed fund within 18 months," the bank said.
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