12 Mar '13, 4am

Singapore's Overseas Union Enterprise Flexes Muscles Abroad with L.A. Property Buy

Singapore's Overseas Union Enterprise Flexes Muscles Abroad with L.A. Property Buy

Bloomberg News The AON Center building, left, and U.S. Bank Tower, stand along the skyline of Los Angeles, California Thwarted at home, Singapore-listed Overseas Union Enterprise Ltd. continues to hunt for assets further afield, this time successfully inking a commercial property deal in the U.S. OUE, owned by Indonesia’s Riady family, is better remembered for going head to head against Thai billionaire Charoen Sirivadhanabhakdi for Singapore’s Fraser & Neave Ltd. , with Mr. Charoen winning that battle in February. On Monday, OUE, which develops offices and hotels, said in a statement it will acquire the 72-floor US Bank Tower in Los Angeles from MPG Office Trust Inc. for $367.5 million. US Bank Tower, the tallest building on the West Coast, is over half-occupied, according to OUE. The deal will also include Maguire Gardens and a car park facility in downtown L.A. The deal...

Full article: http://blogs.wsj.com/deals/2013/03/12/oue-flexes-muscles-...

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Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distri...

Singapore Group Buys L.A.'s Tallest Tower

online.wsj.com 11 Mar '13, 11am

Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distri...

Singapore Group Buys L.A.'s Tallest Tower

online.wsj.com 11 Mar '13, 11am

Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distri...

Singapore Group Buys L.A.'s Tallest Tower

online.wsj.com 11 Mar '13, 12pm

Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distri...

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