MIDORI

  • The seller (US parent) was under financial difficulties and liquidated its Taiwan assets.
  • APL acquired a portfolio of three prime-located commercial assets in Taipei off-market.
  • Portfolio includes:
    • Grade B office near Taipei Main Station
    • Ground Floor/Basement retail located across from Taipei Main Station
    • Grade A- building near Taipei 101

Strengths / Highlights

  • Thorough market research: identified material upside from the attractive purchase price, undervalued property market in Taiwan, and growth in China-Taiwan cross-strait relationship.

  • Transaction Structure: structured the deal such that bankruptcy risk of the Seller was mitigated, and secured financing from local lenders.
  • Investment Strategy: sell the three assets through strata title sale.

Acquisition Date

November 2009

Location

Taipei, Taiwan

Property Type

Office & Retail

Property Size

17,474 sqm