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IOI Properties to acquire One Raffles Place from OUE REIT

PRIVATEOct 11, 2026

Acquiring Company

IOI Properties

Acquired Company

OUE Real Estate Investment Trust

MalaysiaSingaporeReal EstateReal EstateReal Estate InvestmentHospitality

Description

IOI Properties and CapitaLand Investment are set to acquire One Raffles Place through a joint 50-50 bid to OUE Real Estate Investment Trust and UOB. The development, valued between $2.3 billion and $2.4 billion, includes two office towers and a retail podium. This acquisition will enhance IOI's portfolio in Singapore's Downtown Core. The deal is currently in the exclusive due diligence phase.

Company Information

Company

IOI Properties

Location

Malaysia

About

IOI Properties is a leading property developer in Malaysia with a diverse portfolio spanning residential, commercial, and retail properties. The company is known for its commitment to sustainability and creating innovative developments. It aims to enhance the built environment and improve the quality of life. IOI Properties also focuses on expanding its presence in key markets.

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Frequently asked

Who acquired OUE Real Estate Investment Trust?

OUE Real Estate Investment Trust was acquired by IOI Properties, based in Malaysia. The deal was reported on October 11, 2026. IOI Properties is a leading property developer in Malaysia with a diverse portfolio spanning residential, commercial, and retail properties. IOI Properties is privately held and operates in Real Estate.

When did IOI Properties acquire OUE Real Estate Investment Trust?

IOI Properties's acquisition of OUE Real Estate Investment Trust was reported on October 11, 2026. IOI Properties and CapitaLand Investment are set to acquire One Raffles Place through a joint 50-50 bid to OUE Real Estate Investment Trust and UOB. The development, valued between $2.3 billion and $2.4 billion, includes two office towers and a retail podium. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does OUE Real Estate Investment Trust do?

OUE Real Estate Investment Trust is a Singapore-based real estate investment trust that invests in income-producing properties primarily in the hospitality and commercial sectors. The trust aims to provide stable income distributions to its unitholders. It is privately held, operating in Real Estate, and is based in Singapore.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.