Divestiture • Real Estate

Marvel Glory Acquires DCH Commercial Centre

On December 19, 2013, Marvel Glory acquired real estate company DCH Commercial Centre from Newmarket Holdings for 503M USD

Acquisition Context
  • This is Marvel Glory’s 1st transaction in the Real Estate sector.
  • This is Marvel Glory’s largest (disclosed) transaction.
  • This is Marvel Glory’s 1st transaction in China.

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M&A Deal Summary

Date December 19, 2013
Target DCH Commercial Centre
Sector Real Estate
Buyer(s) Marvel Glory
Sellers(s) Newmarket Holdings
Deal Type Divestiture
Deal Value 503M USD

Target Company

DCH Commercial Centre

Hong Kong, China
DCH Commercial Centre is a Grade-A 28-storey office development,Typical office floor plate of 13,777 square feet (lettable).
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Buyer Overview 1

Buyer

Marvel Glory

Virgin Islands (British)

Category Company
Sector Financial Services
DESCRIPTION

Marvel Glory Limited company provides financial services and which is 50% owned by Swire Properties.


Deal Context for Buyer #
Overall 1 of 1
Sector: Real Estate 1 of 1
Type: Divestiture 1 of 1
Country: China 1 of 1
Year: 2013 1 of 1
Size (of disclosed) 1 of 1

Seller Profile 1

SELLER

Newmarket Holdings

Virgin Islands (British)

Category Company
Sector Financial Services
DESCRIPTION

Newmarket Holdings Limited company provides financial services and it is an indirect wholly-owned subsidiary of CITIC Pacific.


Deal Context for Seller #
Overall 1 of 1
Sector: Real Estate 1 of 1
Type: Divestiture 1 of 1
Country: China 1 of 1
Year: 2013 1 of 1
Size (of disclosed) 1 of 1

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