…room succeeded in raising RMB 4 billion ($621 million) in new funding from Warburg Pincus, Sequoia Capital China, and mainland tech giant Tencent, along with a number of other investors. CYPA Notches Second Major Funding Source in Six Months For CYPA, the news of the fund with CCB is the company’s second major financial victory in the last six months. In October of 2017, the Shenzhen Stock Exchange announced that the company, along with Chinese pr…
Search Results for: WARBURG PINCUS
China Outlet Mall REIT Falls Short with $302M Singapore IPO
…and Warburg Pincus, opened its first shopping centre in Chongqing in 2008. Warburg Pincus had exited its stake in Sasseur well prior to the IPO, according to a source familiar with the US private equity firm’s investments who spoke with Mingtiandi. Sasseur has since built a portfolio of nine outlet malls in second-tier cities including Chongqing, Hangzhou, Hefei, Xi’an, Changchun, Guiyang, Nanjing and Kunming. Eight of the retail hubs already have…
Pamfleet Launches 67-Unit Shanghai Co-Living Project
…00 million ($60.9 million). US private equity giant Warburg Pincus is also betting on the shared economy real estate sector, co-founding rental residence platform Nova Property Investment with Chinese entrepreneur Qian Wang in early 2015. Last September, a Warburg Pincus affiliate committed $183 million to the mainland firm with dozens of projects in operation or under development in Shanghai. Nova, which merged with Shanghai-based Yicheng Propert…
Morgan Stanley Leads $100M Investment in China Rental Housing Operator QingKe
…ies across China. In the same month, rental housing provider Ziroom also raised RMB 4 billion ($621 million) in new funding from investors including Warburg Pincus, Sequoia Capital China, and mainland tech giant Tencent….
JD.Com Invests $306M in Logistics Developer ESR
…n in developing new projects across Asia this year. US private equity firm Warburg Pincus co-founded E-Shang in 2011 with mainland entrepreneurs Sun Dongping and Jeffrey Shen. JD Logistics was established in 2017 and today’s investment can be seen as both an expansion of its partnership with ESR and as a way for JD to secure access to space needed to accommodate its growing retail empire. For 2017 JD announced revenues of RMB 362.3 billion (US$55….
ESR Sets Up Offshore Fund to Buy $1B in Mainland Logistics Projects
…tfolio ESR, formerly known as E-Shang Redwood, was formed by the merger of Warburg Pincus-backed E-Shang and Japan-focused warehouse builder Redwood Group in 2016. The developer secured a $301 million injection from online retail giant JD.com this week to ramp up its growing network of distribution centres. The new capital from that deal is expected to primarily drive the development of new facilities in the mainland, according to sources familiar…
Singapore’s ESR-REIT, Viva Industrial Trust Propose $2.2B Merger
…-Shang and Singapore’s Redwood Group. Backed by global investors including Warburg Pincus, APG, PGGM, CPPIB, Ping An and Morgan Stanley, ESR now manages around 10 million square metres of projects across Asia. The warehouse builder formerly known as e-Shang Redwood also announced last week a partnership with Beijing Properties to set up an offshore fund that would acquire logistics projects worth RMB 6.4 billion ($1 billion) from the mainland deve…
Nova, InfraRed NF Pay RMB 465M to Add Shanghai Mall to Rental Apartment Pipeline
…slated to open in the fourth quarter of this year. US private equity firm Warburg Pincus co-founded Shanghai-based Nova Property, which is active in redevelopment projects as part of its core business of building and operating rental apartments. Nova set up a RMB 20 billion ($3.2 billion) fund for redevelopment of commercial properties in China with mainland developer Sunac in March. The fund is designed to invest in acquiring and redeveloping of…
Blackstone Boosts Asset Portfolio in Run-Up to $1B India REIT IPO
…rs in Mumbai worth $1.3 billion. Other investors showing strong interest in Indian real estate opportunities include Singaopore’s GIC and Ascendas, with New York-based KKR and Warburg Pincus, as well as Canada’s Brookfield Asset Management making major investments in property projects in the country….
China Rental Apartment Providers Freeze Prices, Boost Supply After Beijing Crackdown
…al brokerage Lianjia, raised a reported RMB 4 billion ($621 million) ]from Warburg Pincus, Sequoia China and Tencent in January this year in a series A financing round that valued the startup at RMB 20 billion (US$3 billion). The company uses its venture capital funding to take out long-term leases of existing homes from individual landlords, which it then decorates and subleases to tenants. The company is one of a number of apartment rental platf…
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