M&A Deal Summary

Swire Properties Acquires 700 Brickell Avenue

On July 16, 2013, Swire Properties acquired real estate company 700 Brickell Avenue from Northern Trust for 64M USD

Acquisition Highlights
  • This is Swire Properties’ 1st transaction in the Real Estate sector.
  • This is Swire Properties’ largest (disclosed) transaction.
  • This is Swire Properties’ 1st transaction in the United States.
  • This is Swire Properties’ 1st transaction in Florida.

M&A Deal Summary
Date 2013-07-16
Target 700 Brickell Avenue
Sector Real Estate
Buyer(s) Swire Properties
Sellers(s) Northern Trust
Deal Type Divestiture
Deal Value 64M USD

Target

700 Brickell Avenue

Miami, Florida, United States
700 Brickell Avenue was acquired by Swire Properties Inc. 1.55 acre Site in Miami comprises a real estate property spread over an area of 1.55 acres.

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Buyer(S) 1

Buyer

Swire Properties

Hong Kong, China
Category Company
Founded 1972
Sector Real Estate
Employees5,700
Revenue 13.8B HKD (2022)
DESCRIPTION

Swire Properties is a developer and manager of commercial, retail, hotel, and residential properties, typically large-scale, mixed-use developments. Swire Properties was founded in 1972 and is based in Hong Kong, China.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Northern Trust

Chicago, Illinois, United States
Category Company
Founded 1889
Sector Financial Services
Employees23,000
Revenue 6.8B USD (2023)
DESCRIPTION
Northern Trust's corporate headquarters in downtown Chicago, Illinois.
Northern Trust's corporate headquarters in downtown Chicago, Illinois.

Northern Trust is a financial holding company that is a provider of asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals. The Corporation conducts business through various U.S. and non-U.S. subsidiaries, including The Northern Trust Company (Bank). Northern Trust was formed in 1889 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 2
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-29 Omnium

Chicago, Illinois, United States

Omnium provides world-class, technology-driven fund administration and reporting services to hedge funds and financial institutions that operate across a broad spectrum of investment strategies.With more than $25 billion in assets under administration,

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-04 BEx

Chicago, Illinois, United States

BEx LLC is a financial technology software firm develops automated FX trading solutions. BEx was founded in 2013 and is based in Chicago, Illinois.

Buy -
Mergr

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