Real Estate Development & Operations

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Altisource Portfolio Solutions SA completes acquisition of Mortgage Builder Software, Inc

Tuesday, 16 Sep 2014 01:50pm EDT

Altisource Portfolio Solutions SA:Completes its acquisition of Mortgage Builder Software, Inc., a provider of mortgage loan origination and servicing software systems.Altisource had announced its intention to acquire the Detroit-based Mortgage Builder on July 21.

Societe de la Tour Eiffel announces results of SMABTP's tender offer

Tuesday, 16 Sep 2014 11:50am EDT

Societe de la Tour Eiffel SA:Says following its public tender offer SMABTP owns 5,646,410 shares of Societe de la Tour Eiffel, representing 89.88 pct of the capital.

Washington Prime Group to acquire Glimcher Realty Trust for $4.3 bln

Tuesday, 16 Sep 2014 08:30am EDT

Washington Prime Group Inc and Glimcher Realty Trust:Enters into a definitive agreement under which WPG will acquire Glimcher in a stock and cash transaction valued at $14.20 per Glimcher common share.Total transaction value, including the assumption of debt, is about $4.3 bln.New company will be comprised of about 68 mln square feet of gross leasable area and will have a combined portfolio of 119 properties.Citi is serving as financial advisor, and Wachtell, Lipton, Rosen & Katz is serving as legal advisor, to WPG.Willkie Farr & Gallagher LLP is serving as legal advisor to WPG in connection with the sale of the two Glimcher properties to Simon.GreenOak Real Estate US LLC and Morgan Stanley & Co. LLC are serving as financial advisors, and Simpson Thacher & Bartlett LLP is serving as legal advisor to Glimcher.

Zhong Zhu Holding to acquire stake in Longlin-based company

Monday, 15 Sep 2014 08:00pm EDT

Zhong Zhu Holding Co Ltd:To acquire creditor's rights and 68 pct stake in Longlin-based mining company, from an individual, Wang Wenmeng.Transaction price of 42.05 mln yuan.

Shandong Tyan Home to acquire property

Sunday, 14 Sep 2014 08:00pm EDT

Shandong Tyan Home Co Ltd:To acquire property measured 33,186.76 square meters, from Shandong-based real estate company.Transaction price not disclosed.

Zhejiang WHWH Industry to issue shares for stake acquisition and fund raising

Friday, 12 Sep 2014 08:00pm EDT

Zhejiang WHWH Industry Co Ltd:To issue 182,657,361 shares at 10.28 yuan per share and pay cash of 1,146,282,328.92 yuan, to ten companies and 38 individuals in exchange for 100 pct stake in a Xiamen-based cartoon company, 100 pct stake in Mega-info Media Co.,Ltd and 100 pct stake in Dongyang Kingrain Film & TV Culture Co., Ltd.Transaction price is 3,024,000,000 yuan.To issue no more than 98,054,474 shares at 10.28 yuan per share through private placement, to raise up to 1,007,999,992.72 yuan.Proceeds will be used for the stake acquisition.

ROI Land Investments announces scheduled closing for acquisition of Residential Land Development Project in Beauport, Quebec, Canada for Oct. 01

Friday, 12 Sep 2014 04:19pm EDT

ROI Land Investments:Closes of Beauport/Cambert Project has been scheduled for Oct. 01.All funds necessary for closing are currently in escrow.The execution of original definitive agreement for acquisition was announced earlier on March 27.This acquisition will represent ROI's first multi-million dollar land acquisition.The Beauport/Cambert Project is a residential development project located in Beauport, Quebec, Canada containing 1,971,000 Sq. Ft. Full development of the project is expected within the next three years.The Beauport/Cambert Project is the only low-density residential project planned in Beauport, Quebec for the next 10 years.Beauport is a suburb of Quebec City, Canada, with an overall population of 600,000 people.There was a 6.45 pct total population growth in the 2003-2011 period in Beaufort, compared to 5.87 pct growth for the Province of Quebec and a 4.46 pct growth for Canada over the same period, according to Statistics Canada.

COFCO Land Holdings Ltd announces proposed acquisition of Joy City Projects

Friday, 12 Sep 2014 10:36am EDT

COFCO Land Holdings Ltd:On Sept. 12 2014, the company entered into the Acquisition Agreement with COFCO Land, Sheen Jade and Magic Grain.Pursuant to which the company as the purchaser has conditionally agreed to purchase, and each of COFCO Land and Sheen Jade as the seller has conditionally agreed to sell, the respective Target Companies and the Shareholder Loans.Says the Target Group is primarily engaged in the development, operation, sale, leasing and management of mixed-use complexes under the flagship brand Joy City.Consideration shall be HK$12,459,785,372, which shall be satisfied by cash payment by the company to the Sellers.Upon Completion, each of the Target Companies will become a wholly-owned subsidiary of the company.

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