Link Real Estate Investment Trust (SEHK:823) entered into sale and purchase agreements to acquire Jurong Point and Swing By @ Thomson Plaza from Mercatus Co-operative Limited for SGD 2.161 billion on December 28, 2022. Link Asset Management said the acquisition will be fully funded through its cash resources and debt facilities. The transaction is expected to close on March 31, 2023. The two properties are close to full occupancy and generated an annualised net property income of SGD 106 million as at October 2022. DBS Bank acted as financial advisor to Link REIT on the transaction. Joey Chau and Paul Guan of Kirkland & Ellis acted as legal advisor to Link Real Estate Investment Trust. J.P. Morgan (S.E.A.) Limited acted as financial advisor to Mercatus Co-operative Limited.

Link Real Estate Investment Trust (SEHK:823) completed the acquisition of Jurong Point and Swing By @ Thomson Plaza from Mercatus Co-operative Limited for approximately SGD 2.161 billion on March 31, 2023.