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By Ayushman Ojha
(Reuters) -Australia's Mirvac Group said on Wednesday it would buy land lease operator Serenitas from Singapore's sovereign wealth fund GIC for A$1.01 billion ($642.76 million) along with Pacific Equity Partners Secure Assets (PEP) and Tasman Capital Partners.
Serenitas will operate as a joint venture following the acquisition, with Mirvac and PEP holding 47.5% stakes each, while Tasman Capital Partners will own the remaining stake.
Founded in 2017 as a land lease community b...
>>> Read more: Australia's Mirvac to acquire land lease operator Serenitas for $643 million
(Reuters) -Australia's Mirvac Group said on Wednesday it would buy land lease operator Serenitas from Singapore's sovereign wealth fund GIC for A$1.01 billion ($642.76 million) along with Pacific Equity Partners Secure Assets (PEP) and Tasman Capital Partners.
Serenitas will operate as a joint venture following the acquisition, with Mirvac and PEP holding 47.5% stakes each, while Tasman Capital Partners will own the remaining stake.
Founded in 2017 as a land lease community b...
>>> Read more: Australia's Mirvac to acquire land lease operator Serenitas for $643 million
