…k asset this year by Kailong, which is 40 percent owned by an affiliate of Warburg Pincus. In January 2018, KaiLong sold an eight-storey office building in Shanghai’s Zhangjiang Hi-Tech Park to a buyer believed to be Beijing-based Hony Capital. The asset, which it upgraded, was acquired just three years earlier. In 2016, the company sold a Shanghai hotel-to-office conversion only two years after purchasing the property. Following the sale of Zlink…
Search Results for: WARBURG PINCUS
Logos Enters New Zealand With $147M Auckland Project
…as identified the country as one of its major focuses, while Singapore-listed Cache Logistics Trust purchased nine Blackstone-owned warehouses in Australia in early 2018. In July, Warburg Pincus-backed rival ESR acquired Charter Hall’s Commercial & Industrial Property (CIP) to establish a beachhead in Australia….
GIC Leads $200M Funding Round to Help China O2O Coffee Startup Take on Starbucks
…ital) and Centurium Capital, which was founded by the former China head of Warburg Pincus. Luckin had earlier received an estimated RMB 1 billion ($150 million) from executives of Ucar, the Beijing-based ride-sharing service. Where Coffee Meets Technology Tech leaders such as WeChat-maker Tencent, Alibaba and JD.com have been establishing physical outlets to connect with their customers, and Luckin, which is helmed by former Ucar COO Qian Zhiya (é’±…
China Home Prices Jumped 1% in June and More Asia Real Estate Headlines
…cember 2017. Read more>> ESR to Roll Out First Three India Parks in August Warburg Pincus-backed logistics developer e-Shang Redwood (ESR) will make its India debut with three industrial parks next month to tap into the rising corporate demand for world-class warehousing facilities. Four more projects will be up and running by the year-end, giving a tough competition to logistics and warehousing players in the largely unorganised industry. Read mo…
Heitman Announces Final Close of $338M Asia Property Fund
…ing into the region seeking property opportunities. Names like BlackStone, Warburg Pincus, Morgan Stanley, AEW and Carlyle have funds targeting Asian real estate, with one recent close topping out at $7.1 billion. US pensions are showing a strong appetite for Asian property assets and are becoming major investors in these vehicles. A Few Deals in Mind The Heitman fund has already committed to a number of investments, in Tokyo, Melbourne and Hong K…
SG’s Rockworth Capital Buys Brisbane Building for Over A$60M
…ted Cromwell Property, creating a local Australian platform for John Lim’s Warburg Pincus-backed firm. That investment came one year after funds managed by ARA teamed with fellow-Singaporean investment firm Straits Real Estate to buy the 320 Pitt Street office tower in Sydney for A$275 million. In August of last year, developer Ascendas-Singbridge, which is backed by Singapore’s Temasek Holdings and JTC Corporation, bought 66 Goulburn Street in Sy…
Keppel Launches A$1B Aussie Shopping Centre Fund with Vicinity
…e data centre deal comes less than one week after Ascendas REIT bought an industrial park in Brisbane for A$33.5 million and Rockworth Capital bought a A$60 million office tower in the same city. In May of this year, Warburg Pincus-backed ARA Asset Management purchased 19.5 percent of Cromwell Property, and in February Suchad Chiaranussati’s SC Capital Partners proposed the $252 million redevelopment of a site in Sydney….
Logos Continues on Melbourne Tear with $86M Kmart Warehouse Buy
…’s Commercial & Industrial Property (CIP) in July for A$102.5 million. The Warburg Pincus-backed logistics investment platform had already taken stakes in real estate investment firm Propertylink and fund manager Centuria Capital, both ASX listed prior to the CIP acquisition. ESR has told the Australian press that it would form an Australian logistics fund seeded with assets acquired in the purchase of CIP. It has also been working with Centuria o…
Cancer Death of Ziroom Tenant Raises Talk of Risk in China’s Rental Housing Rush
…s. The company, which secured RMB 4 billion through a funding round led by Warburg Pincus, Sequoia Capital China and China’s online powerhouse Tencent in January, also listed out in the statement the environmental endeavors it undertook in the past seven years to improve indoor air quality in its rental homes. These steps included using only branded furniture and appliances, upgrading fit out materials and applying indoor air-quality treatments. I…
Carlyle Real Estate Unit to Fly Solo in China – Exclusive
…take advantage of real estate opportunities, and Carlyle’s competitors at Warburg Pincus have already been involved in co-founding a number of real estate ventures on the mainland. The decision to spin off the China real estate unit, Carlyle China Realty, was first revealed by the company’s US leadership this week. “We discovered a nuance when it comes to investors and traditional funds in the Chinese market,” the company’s deputy chief investmen…
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