…EO and CFO for eight years from 2006, before taking up the role as the group CFO at Ascendas-Singbridge after the two merged from 2015 to 2016. Singaporean Investment Manager Reshapes After Privatisation With backing from US private equity firm Warburg Pincus and China’s AVIC Trust, Lim took ARA Asset Management private last March. In May of last year, the Singapore-based asset manager hired former JP Morgan and Morgan Stanley executive Stephen Ta…
Search Results for: WARBURG PINCUS
Woon Pin Chong joins Franklin Real Asset Advisors as MD for APAC
…among the cornerstone buyers that purchased about $382 million of stock in Warburg Pincus-backed Vincom Retail last November, when the Vietnamese mall developer had its initial equity offering on the Ho Chi Minh City Stock Exchange. “In the private equity real estate space, we have observed that the Asia Pacific region remains a key market for our clients and investor interest is robust,” commented Mark Browning, Managing Director for Asia Pacific…
Asia Real Estate People in the News 2018-01-15
…o years for the commercial and residential real estate developer backed by Warburg Pincus. Founded in 1993, the firm had its IPO in Hong Kong in 2014. Sandeep Sharma has taken on a new challenge as General Manager, Bangalore with Indian property developer Prestige Group. Before joining the Bangalore-based firm, the former colonel in the Indian Army was Associate Director at international brokerage Cushman & Wakefield, a position he held for five m…
Pamfleet Sells Hong Kong Office Building for $217M After Leasing to naked Hub
…soon after completing redevelopment of that project in 2016. In Shanghai, Warburg Pincus-invested Kailong REI earned RMB 500 million ($74 million) in just eighteen months from by flipping an 11,000 square metre building on Yunnan Lu in Huangpu district, after leasing the whole building to WeWork for a reported RMB 9 per square metre per day. A 29-storey tall naked Hub sign covers up one side of Bonham Circus Renovation Specialist Keeps Doing Hong…
ADIA Said Hiring Country Head for New India Office and More Asia Real Estate Headlines
…’s being uprooted by technology: rental management. Tencent Holdings Ltd., Warburg Pincus and Sequoia Capital are among the VCs betting on startups to win a slice of the market expected to grow to 4.2 trillion yuan ($664 billion) by 2030, according to estimates from Orient Securities Co. That’s almost half of total home sales in 2017. Read more>> Roxy Pacific Unit and Partner Scoop Up Singapore Condo Site A joint venture of RP Ventures Pte Ltd and…
TPG-China Lodging JV Buys Pair of Beijing Hotels From Ascendas Hospitality Trust for $186M
…ording to Chang Sun, TPG’s Managing Partner in China. TPG appointed Sun, a Warburg Pincus veteran, to lead its China business in September, with a goal of expanding its investment focus beyond private equity and into distressed real estate and other areas. TPG Capital Asia, the company’s regional platform, manages about $7.8 billion in assets across Asia, where it was one of the first private equity investors. The alternative asset firm has backed…
Kailong Promotes Ivan Ho to HK CEO, Launches USD Fund with $500M Target
…in Shanghai to create The Konnect, a chic home for WeWork Founded in 2004, Warburg Pincus-backed Kailong held a final close of $238 million on its first US dollar fund, the KaiLong Greater China Real Estate Fund, in May 2015. The company has invested some $270 million, including co-investment capital alongside the fund, in eight deals across Greater China – three each in Hong Kong and Shanghai, and one each in Beijing and Dalian. The new Greater C…
ARA Taps Standard Chartered Alum To Head New European Platform
…ts $1.78 billion privatisation last year backed by US private equity giant Warburg Pincus and China’s AVIC Trust. This past January, ARA hired former Ascendas executive Chia Nam Toon as its new assistant CEO. Reporting to Lim, Chia is tasked with overseeing the company’s REITs division as well as developing new REITs across Asia, the US and Europe. Then in May, the company tapped JP Morgan and Morgan Stanley veteran Stephen Tang to fill a key role…
ARA Pays $317M to Add Australia’s Cromwell Property to Global Footprint
…llion privatisation last year, which was backed by US private equity giant Warburg Pincus and China’s AVIC Trust. Since 2002, group founder and CEO John Lim has transformed ARA into one of Asia’s leading REIT and private equity real estate managers. The company manages over 90 properties totalling 57 million square feet in Asia Pacific and has around 1,300 staff in eight countries. This past January, ARA hired former Ascendas executive Chia Nam To…
Sunac Buys Out Pair of HNA Hainan Projects for $300M as Fire Sale Rages
…unac bet on a $3.2 billion redevelopment fund with US private equity giant Warburg Pincus this month to redevelop ageing commercial properties in first-tier and key second-tier cities in China. While Sunac’s purchases helped make it the country’s fourth-biggest developer in 2017 by contracted sales, it has also become among the country’s most indebted. Sunac China had a 394 percent net gearing ratio in the first half of last year. HNA Stays in Sel…
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