trending Market Intelligence /marketintelligence/en/news-insights/trending/-X1IT-yjJUuqpZeSXlsxXQ2 content esgSubNav
In This List

CIMB Bank sells stake in 2 real estate funds

Blog

Banking Essentials Newsletter: 17th April Edition

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


CIMB Bank sells stake in 2 real estate funds

CIMB Group Holdings Bhd. unit CIMB Bank Bhd. completed the sale of its entire stake in two real estate funds.

The bank sold its 12.42% interest in CIMB-TrustCapital Australian Office Fund No. 1 and its 13.70% stake in CIMB-TrustCapital Australian Office Fund No. 2 to Employees Provident Fund Board on Dec. 16, according to a same-day release.

Both funds are private equity, closed-end real estate funds that invest in commercial office assets in major Australian cities like Melbourne and Sydney.