Shaftesbury PLC Acquisition, Valuation, Funding & Investors

Shanghai Golden Union is a Shanghai-based operator of commercial properties, formally Shanghai Golden Union Commercial Management Co., Ltd., listed on the Shanghai Stock Exchange under the code 603682 and formerly known as Jinhe Commercial. It describes itself as the first A-share light-asset operator of existing commercial property, taking over and running office and commercial buildings in urban renewal districts rather than owning them outright. Its customers are corporate tenants and property owners, and it earns income from rent and operating fees on the properties it manages. The company is controlled by Shanghai Golden Union Investment Group, which is its controlling shareholder. The group is headquartered in Shanghai's Xuhui district.

UEM Sunrise Bhd is a property developer, specialising in macro township, high rise residential, commercial, industrial and integrated developments. The company’s segments include Property development segment develops and sells residential and commercial properties, as well as sales of lands; Property investment and hotel operation segment holds to earn rental income and/or capital appreciation including hotel operation; and Others segment includes investment holding, assets and facilities management, project management, harvesting, land leasing, other income, and other dormant companies. Geographically it operates in Malaysia, Australia, Singapore, and South Africa. It derives majority of the revenue from Property development segment.

Sella Capital Real Estate Ltd is an Israel based company engages in the acquisition, management, holding, and rental of yielding real estate properties.

Nirlon Limited is a Mumbai property company founded in 1958 and listed in India. The company owns Nirlon Knowledge Park, a large office campus in Goregaon along Mumbai's Western Express Highway. The park comprises multiple office blocks and serves international technology and financial-services tenants under long-term leases. Rental income and related property services are the company's core revenue sources, replacing its historical textiles activities. Its operating profile is therefore a concentrated commercial real-estate owner and manager with a major institutional-quality business park rather than a diversified developer. Its tenants include multinational employers. Nirlon serves B2B customers through activities spanning Buildings & Property and Real Estate Services. Its commercial model generates revenue through Leasing & Rental Services and Services, supported by sector expertise, operating execution and customer relationships.

Eastnine AB is a real estate company focused on modern and sustainable office properties in the Baltics and Poland. Its tenants comprise, mainly, large Nordic group companies that operate internationally. The company operates through four segments namely; Properties in Lithuania which generates key revenue, Properties in Latvia, Properties in Poland, and other investments. The firm generates revenue in the form of Rental income.

Akis Gayrimenkul Yatirim Ortakligi AS is a Turkey-based Real Estate Investment Trust. Its portfolio includes Akbati, Street Retail and Investments, Acacia and Akapartman Suadiye.

Ari Real Estate (Arena) Investment Ltd operates mainly in two fields which is trading centers domestically in Israel and internationally. In Israel, the company specializes in the initiation, construction, purchase, rental, management, and maintenance of malls and commercial centers. Their comprehensive services extend to enhancing operational efficiency and tenant satisfaction, covering all aspects of real estate development and management to ensure effective utilization and upkeep of retail and commercial spaces.

Slate Grocery REIT is an Ontario real estate investment trust listed on the Toronto Stock Exchange that owns and operates grocery-anchored shopping centres in the United States. It describes itself as a pure-play owner of grocery-anchored real estate, with a portfolio spread across major US metropolitan markets and tenants led by large grocers. The trust earns rental income from tenants and aims to distribute cash flow to unitholders while creating value through leasing, redevelopment and acquisitions. It is managed externally by Slate Asset Management, a Toronto-based real estate investment platform, and is headquartered in Toronto. Its units trade in both Canadian and US dollars. In 2026 it agreed to be acquired by a joint venture of Brixmor Property Group and Everview Partners.

International Hotel Investments is a Malta-listed hospitality investment and operating company within the Corinthia Group. It was established in 2000 to acquire, develop, own and operate upscale hotels and related real estate in Europe, Africa and other international markets. The group owns or has owned landmark hotel assets in cities including London, Budapest, Lisbon, Prague, St Petersburg, Tripoli and Khartoum. Through affiliated management and project companies it also provides hotel operations, development, construction and technical services. Revenue comes from rooms, food and beverage, property activity, management fees and project services. Istithmar Hotels subscribed EUR 178 million of new cash equity in 2007 and initially obtained about 33% of the company, becoming a long-term strategic shareholder. The investment was intended to fund acquisitions, development and expansion of the Corinthia hotel portfolio.

Is Gayrimenkul Yatirim Ortakligi AS is a Turkey-based real estate investment trust. The company is engaged in property investment, property-oriented capital market instruments and real estate projects. It develops office spaces and shopping center.

Embassy Developments Ltd is engaged in real estate development, including the purchase, sale, construction, and management of residential, commercial, industrial, and other properties, both movable and immovable, and Special Economic Zone (SEZ) projects across Indian cities, with a strategic focus on Bengaluru, the Mumbai Metropolitan Region (MMR), and the National Capital Region (NCR).

Runs the Bombay Exhibition Centre in Mumbai and owns IT park space and other commercial property. It also has an engineering business making industrial equipment and a food business. Based in Mumbai.

S P Setia is a Malaysian listed property developer with master-planned townships, residential communities, commercial buildings and mixed-use projects. The group operates across Malaysia and in selected international markets. It serves homebuyers, commercial occupants, investors and public-sector development partners. Revenue comes from property sales, construction and related services delivered over multi-year development programs. The company controls land, plans infrastructure and amenities, and builds projects across multiple price points. PNB had become its majority shareholder in 2012 but S P Setia continued to have its own listed governance and operating management. The I&P acquisition added a large development land bank and consolidated two major Malaysian property platforms.

NCC is an Indian engineering and construction company. It builds buildings, roads, water pipelines, irrigation, power, mining and railway projects for government and private clients. Headquartered in Hyderabad.