…inent. The flurry of overseas moves follows ARA’s $1.78 billion privatisation last year, which was backed by US private equity firm Warburg Pincus and China’s AVIC Trust….
Search Results for: WARBURG PINCUS
GIC Invests $1.3B in Vingroup as VN Developer Readies for $2B Listing
…ion in its initial share sale on the HCMC exchange. The listing valued the Warburg Pincus-backed business, which has 41 malls across 22 provinces in the country, at about $3.4 billion, making it one of the 10 most valuable firms on the exchange. According to the Bloomberg account, Vinhomes plans to finalise the roster of cornerstone investors for its own listing by the end of the week. The offering is understood to consist solely of stock being so…
Gaw Joins Harbour Apartments in Raising $2.6B for China Rental Housing
…successfully raised RMB 270 million via a REIT-like product last year, and Warburg Pincus-backed Nova Apartments also issued an asset-backed security last year. Earlier this month, China Evergrande won approval to issue RMB 10 billion ($1.6 billion) worth of asset-backed securities linked to rental apartments, and in late April developer Country Garden sold off RMB 1.7 billion ($270 million) in securities backed by cashflows from its own rental ho…
ESR Raises $1.2B for Japanese Warehouses, Ramping up Asian Growth Drive
…essive regional growth strategy by ESR, which was created by the merger of Warburg Pincus-backed e-Shang and Japan-focused warehouse builder Redwood Group in 2016. With further backing by global investors including APG, CPPIB, and Goldman Sachs, ESR has built a portfolio of $12 billion of assets under management in Asia, with over 10 million square metres of projects across Japan, China, Singapore, South Korea and India. Earlier this month, ESR re…
Why South Korea is Set for a Logistics Boom Sponsored Feature
…d capital from international investors, including GIC, APG, Angelo Gordon, Warburg Pincus and Blackstone. This weight of foreign capital has been the impetus behind a series of new generation developments and high-specification logistics projects that aim to take advantage of the country’s rapid economic growth and expanding consumer demand. These trends have helped South Korea become the fourth largest third-party logistics (3PL) market in Asia P…
ARA Closes on Buy of $317M Stake in Cromwell Property, Raising AUM to $58B
…sor of ARA Europe Desk. ARA, the manager of Fortune REIT, was privatised in April 2017 by a consortium led by John Lim together with US private equity firm Warburg Pincus, CK Asset Holdings, China’s AVIC Trust and The Straits Trading Company….
Kailong to Convert Eight HK Properties into Chain of Boutique Offices
Ivan Ho, CEO for Hong Kong at Kailong Warburg Pincus-backed Kailong has purchased eight properties in Hong Kong over the last year, and now the real estate fund manager is taking a few pages from WeWork’s success story as it plans to redevelop this HK$3.7 billion ($471 million) in assets into boutique office space. While the Hong Kong-based firm still falls short of WeWork’s $20 billion valuation, it is targetting quick returns for the investors…
CLSA Belt and Road Fund Makes Pre-IPO Bet on Logistics Developer ESR
…of Chinese logistics developer e-Shang — backed by US private equity firm Warburg Pincus — and Japan-focused warehouse builder Redwood Group. The company has drawn on further backing by global investors including APG, CPPIB, and Goldman Sachs, to build a portfolio of $12 billion of assets under management in Asia. The warehouse builder is already active in Southeast Asia where it bought an 80 percent stake in the manager of Singaporean industrial…
Hong Kong’s Lofter Group Bets HK$500M on Developing Grade A Offices in Kowloon
…version of industrial properties for commercial use. In April of this year Warburg Pincus-invested Kailong bought 90 percent ownership in a residential block on Cameron Road in Tsim Sha Tsui for HK$650 million, with this Kowloon property also slated to become grade A office space. Also in April, mainland speculator Hugo Lam bought an industrial site in Kowloon East’s Kwun Tong area for HK$1.6 billion with plans to convert that property into office…
ESR Buys Aussie Warehouse Developer for A$103M, Hires Phil Pearce as CEO
…platform to transform CIP into a leader in Australian logistics property. Warburg Pincus-backed ESR, which was formed by the 2016 merger of China-based logistics startup E-Shang with the Japan-focused Redwood Group, has brought on board former Goodman Group executive Phil Pearce to run its new Aussie subsidiary as chief executive officer of ESR Australia. Finally Gaining a Foothold Down Under The CIP acquisition gives ESR the substantial Australi…
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