…down under by the Singaporean real estate fund manager. Backed by US giant Warburg Pincus and Hong Kong real estate magnate Li Ka-shing, ARA secured the 16 storey building on 133 Mary Street through a private fund managed by the firm, according to the ARA announcement. CBD Asset Sold After 8 Months Local news sources said ARA bought the asset from Canadian family owned property group Quadra Pacific, who purchased the tower in 1993 for A$10.6 milli…
Search Results for: WARBURG PINCUS
Alibaba Invests RMB 4.36B in Furniture Mall Operator Red Star Macalline
…company has made a statement regarding such a transaction. After the sale, Warburg Pincus would continue to be the largest shareholder in Red Star Macalline Group Corporation Ltd, having first invested in the company through a 2007 commitment of more than RMB 1 billion, with the US private equity giant currently holding 19.5 percent of the retail chain’s Hong Kong-listed shares, market sources show. Red Star Macalline Group Corporation declared 20…
ESR Raises $633M to Close Japan Logistics Fund
…is led by co-CEOs Jeffrey Shen and Stuart Gibson, and was co-founded with Warburg Pincus, filed for an initial public offering in Hong Kong in March. The stock market listing is expected bring in at least $1 billion for the APAC-only logistics real estate play. The IPO, scheduled within the next two quarters, is expected to be the biggest real estate stock debut on the Hong Kong exchange since Dalian Wanda’s $3.7 billion listing in 2014, accordin…
CapitaLand Tops APAC Fund Managers With $55.9B AUM and More Asia Real Estate Headlines
…xit. Read more>> Warburg Pincus-backed ESR in 90-acre India Warehouse Deal Warburg Pincus-backed logistics developer e-Shang Redwood (ESR) is in the process of signing a joint development agreement with Lodha Group for an industrial park at the latter’s township project Palava, Maharashtra state, sources said. The luxury homes maker, Lodha Group, had last year announced its foray into the warehousing space with a 150-acre facility in its mega town…
ESR Invests S$62.2M to Take Control of Singapore’s Sabana REIT
…rty life cycle,” Shen and Gibson jointly said in the statement. Last year, Warburg Pincus’ head of Southeast Asia, Jeffrey Perlman was more direct about the group’s vision for the Singapore, stressing in an interview with the city’s Business Times, how ESR-REIT could be used as vehicle to consolidate the region’s fragmented industrial trust ecosystem. With its control over the management of Sabana REIT, ESR can now steer a trust which has a portfo…
Barings Raises $943M for First Combined Private Equity and Real Assets Fund Â
…fifth discretionary private equity fund, known as RECAP V, had already deployed $280 million across Australia, Japan, China and Southeast Asia, at the time of its final close. Manhattan-based Blackstone, another private equity heavyweight operating in Asia and one of Warburg Pincus’ biggest rivals, forged the largest-ever fund dedicated to property investments in Asia in June of last year. Blackstone Real Estate Partners Asia II (BREP II), which…
Mainland Home Rental Platform Ziroom Raises $500M From General Atlantic, Tencent, Sequoia
…management giant controlled by Alibaba’s Jack Ma. Also in the same month, Warburg Pincus-backed Mofang Apartments closed on a $150 million funding round, led by Canadian fund manager, Caisse de dépôt et placement du Québec (CDPQ). RMB 5 Trillion Market Attracts a Crowd According to a report compiled by China’s largest real estate brokerage, Lianjia, China will eventually have 300 million renters, who will together create a RMB 5 trillion rental h…
Weave Co-Living Said Acquiring HK Serviced Apartments for HK$585M
…ocation. That property has 160 rooms, plus 6,000 square foot of shared space spread over three rooms. Weave opened its Kowloon location in August 2018, with that milestone followed just three months later by the announcement of up to $413 million in investment from Warburg Pincus. Soon after the investment Doshi had announced the goal of building a portfolio of 10,000 bedrooms serving students and young professionals across Asia’s major cities by…
Credit Suisse AM Buys Pair of Korean Warehouses and More Asia Real Estate HeadlinesÂ
…ceeds, and to draw down some S$210 million in bank borrowings. Read more>> Warburg Pincus-Backed Lemon Tree to Buy Keys Hotels for $68.2M Lemon Tree Hotels Ltd, which operates an eponymous mid-range hotel chain, is acquiring Keys Hotels for INR 471 crore ($68.2 million at the current exchange rate) to expand its portfolio. In a stock exchange filing, Lemon Tree Hotels said that it would buy out Berggruen Hotels, the parent of Keys Hotels, at an en…
ARA Takes Aim at European Assets with Launch of UK Joint Venture
…under its management, ARA has $80.1 billion in assets under management, and counts Li Ka-shing’s CK Hutchison Holdings, US private equity giant Warburg Pincus, and China’s AVIC Trust among its shareholders….
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