M&A Deal Summary

AIA Group Acquires Stanhope House

On October 19, 2012, AIA Group acquired real estate company Stanhope House from Hang Lung Properties for 2.4B HKD

Acquisition Highlights
  • This is AIA Group’s 1st transaction in the Real Estate sector.
  • This is AIA Group’s 3rd largest (disclosed) transaction.
  • This is AIA Group’s 1st transaction in China.

M&A Deal Summary
Date 2012-10-19
Target Stanhope House
Sector Real Estate
Buyer(s) AIA Group
Sellers(s) Hang Lung Properties
Deal Type Divestiture
Deal Value 2.4B HKD

Target

Stanhope House

Quarry Bay, China
Stanhope House a model housing estate in hong kong.

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Buyer(S) 1

Buyer

AIA Group

Hong Kong, China
Category Company
Founded 1919
Sector Insurance
Revenue 20.6B USD (2023)
DESCRIPTION

AIA Group provides life insurance based financial services. It has operations in 16 markets in Asia Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 92 per cent subsidiary in Sri Lanka and a 26 per cent joint-venture in India. AIA Group was incorporated in 1919 and is headquartered in Hong Kong, China.

DEAL STATS #
Overall 2 of 4
Sector (Real Estate) 1 of 1
Type (Divestiture) 2 of 3
Country (China) 1 of 1
Year (2012) 2 of 4
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-11 ING Insurance Bhd.

Kuala Lumpur, Malaysia

ING Malaysia is the third largest insurer in Malaysia, serving more than 1.6 million customers and offering a suite of products including life, general, employee benefits as well as Takaful insurance products through a joint venture.

Buy €1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-05 Aviva NDB Finance Lanka Pvt.

Colombo, Sri Lanka

Aviva NDB Finance Lanka Private Limited operates as an insurance broker.

Buy $109M

Seller(S) 1

SELLER

Hang Lung Properties

Hong Kong, China
Category Company
Founded 1949
Sector Real Estate
Employees4,200
Revenue 10.3B HKD (2023)
DESCRIPTION

Hang Lung Properties is an extensive real estate portfolio, as well as building, owning and managing world-class commercial complexes in key cities on the Mainland since the 1990s. Hang Lung Properties was founded in 1949 and is based in Hong Kong, China.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-28 Spring City 66

Kunming, China

Spring City 66 occupies the core of the upcoming central business district. The project, a mixed-use complex with a total gross floor area of approximately 433,500 square meters, comprises a world-class shopping mall, a Grade A office tower and serviced apartments.

Buy -
Mergr

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