A deal between two Swiss banks, Mitsubishi Corp. and UBS, could raise $1.7 billion. The Japanese bank is the world’s largest, and UBS is a leading investment bank. The company’s headquarters are in Zurich, and the U.S. branch is located in New York City. Founded in 1889, UBS is one of the largest private banks in the world. Its culture of banking secrecy and strict confidentiality make it one of the world’s leading institutions. It is ranked as a global systemically important bank by the Financial Stability Board.
Surbana Jurong is one of the largest urban consulting firms in Asia. With over 70 years of experience in project delivery in Asia, it has an extensive network of contacts. It also has technical teams in over 40 countries, allowing it to evaluate the risks and opportunities associated with projects. In addition, Mitsubishi Corporation has a long history of real estate investment, with investments in retail facilities in the ASEAN region since 2013.
Surbana Jurong Capital, an upcoming financial services company, has announced a partnership with the Indonesian property developer Sinar Mas Land. This partnership will create a TOD (Towers, Towns, and Districts) with residential units, commercial properties, living amenities, public transport nodes, and other features. In the future, the Tokyo-based property firm plans to sell some of its real estate properties in Japan.
The deal between the Japanese bank and the UBS is still in the early stages of negotiations. The company’s current owner Mitsubishi Corp. owns 51% of UBS Realty. Other potential buyers include the Mitsubishi UFJ Trust & Banking Corp., which manages assets for Japan real estate investment trusts. The two companies may reach a deal after the upcoming court deadline.
UBS Realty has faced scrutiny over its valuation processes and has been accused of discriminatory practices. Despite the fact that the bank has a reputation for ignoring its employees’ concerns, the management has been accused of violating its employees’ rights to discuss sensitive information. As a result, the two firms are negotiating a possible merger. The agreement will include a new CEO and a new shareholder’s governing board.
The deal is an opportunity for both parties. The company will acquire CBRE, which will have global presence in Japan and the U.S., where it is headquartered. The company will invest in properties in Switzerland and other countries, including the United States. The proposed transaction is subject to regulatory approvals and is part of a broader restructuring plan that will include both the US bank.