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Transactions - APRIL 7, 2020

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Tikehau Capital increases its stake in IREIT Global

by Released

Tikehau Capital, an alternative asset management and investment group, jointly with City Developments (CDL), a Singapore-listed real estate company, have increased their stake in IREIT Global, a REIT listed in Singapore and focused on the European real estate market, and in which Tikehau Capital invested in November of 2016.

The purchase, alongside an affiliate of Singapore-based family office AT Capital, of a 26.04 percent stake in IREIT Global enables Tikehau Capital and CDL to increase their respective stakes in IREIT Global from 16.64 percent to 29.2 percent and 12.52 percent to 20.87 percent upon completion of the transaction. Together, Tikehau Capital and CDL now own more than half of IREIT Global's capital. For Tikehau Capital, this acquisition represents a cash investment of €25 million ($27 million).

IREIT Global is a REIT listed in Singapore with an investment mandate of investing directly and indirectly in a portfolio of rent-generating real estate in Euro

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