…ets on the country’s growing middle-income group to drive consumption. The Warburg Pincus-backed fund manager is joining forces, through one of its existing private real estate vehicles, with Singapore’s Straits Real Estate and ICBC International Holdings to jointly acquire the Sanlin InCity Mall for RMB 2.42 billion ($350 million), according to a stock exchange announcement. “Sanlin InCity presents a great opportunity for ARA to showcase our stro…
Search Results for: WARBURG PINCUS
ESR Said Mulling 2020 REIT Listing of South Korea Warehouses
…investment trust based on the firm’s warehouse assets in South Korea. The Warburg Pincus-backed logistics specialist has reportedly approached banks to pitch for a REIT listing, potentially during 2020, that could raise over $500 million, according to a report by Bloomberg. A person close to ESR told Mingtiandi that at this point the company is only in the deliberation phase regarding the potential REIT. ESR representatives declined to comment in…
Singapore’s ARA Sets Up European Real Estate Debt JV in London
…ed a European joint venture focused on real estate debt opportunities. The Warburg Pincus-backed fund manager has reached an agreement with London-based Venn Partners LLP “to capitalise on the real estate credit market in the (European) region,” the company said in a statement to the Singapore stock exchange on 23 December. ARA is establishing the European debt investment platform five months after it set up an equity fund management partnership i…
ARA Completes Purchase of Singapore’s Robinson Centre for Reported S$340M Â
…ne of its private real estate funds, marking the second acquisition by the Warburg Pincus-backed investment manager in just under two weeks. The Singapore-based firm is understood to have paid S$340 million ($252 million) for 61 Robinson Road through its ARA Real Estate Partners Asia II value-add fund, according to a source close to the deal who spoke with Mingtiandi. The acquisition of the 20-storey building in the city’s financial district was a…
GIC Pays A$366M to Boost Stake in A$2B Aussie Logistics Trust
…million mandate to raise fresh capital by offering investors access to a set of its Australian business parks and other logistics assets. One month prior to that announcement, the Warburg Pincus-backed company established a A$350 million mandate with China Merchants Capital to invest in logistics assets down under….
Amazon Leases Nearly Half of ESR Tokyo Area Logistics Centre
…as an anchor tenant for one of its Tokyo area logistics facilities, as the Warburg Pincus-backed specialist continues to capitalise on the demand for logistics space fuelled by the growth of e-commerce in Japan. The online shopping giant has signed a lease for 72,392 square metres (779,221 square feet) at ESR’s Kuki Distribution Centre, a year-old warehouse facility just under fifty kilometres (30 miles) north of central Tokyo in the Saitama prefe…
Beijing’s GoHigh Capital Sets Up RMB 10B Urban Renewal Fund with CP GroupÂ
…pital to acquire a ten-year-old B grade property near the city’s historic Bund waterfront for an undisclosed amount, which the 50:50 JV is converting into a 17,000 square metre mixed-use development that will become part of HiTone’s “Neo” commercial portfolio. US private equity firm Warburg Pincus, which co-founded logistics developer ESR, is also pursuing redevelopment opportunities on the mainland through a joint venture with Shanghai-based oper…
Asia Real Estate People in the News 2020-01-13
…Li was awarded the new role this month after more than four years with the Warburg Pincus-backed real estate investment manager, after previously serving as Manager for Research and Strategy. The PhD graduate of the National University of Singapore also has previous experience with the research team at M&G Real Estate in Singapore. AJ Anderson is now a Director with real estate recruitment specialist Project68 in Singapore, after spending a year a…
ESR Announces $500M China Logistics Joint Venture with GIC
…oper and fund manager today unveiled a joint venture with Singapore’s GIC. Warburg Pincus-backed ESR Cayman announced that the two partners are making a $500 million equity commitment to the new vehicle, which will focus on developing institutional grade logistics facilities in key cities across China. Details of the equity ownership in the venture were not disclosed and the transaction remains subject to regulatory approval. The joint venture mar…
Kailong Grabs Kowloon Site for HK$448M, Readies for Tsim Sha Tsui Project
…rding to the firm’s top executive in the city. A joint venture between the Warburg Pincus-invested real estate fund manager and Hong Kong-listed Asia Allied Group in November acquired the On Lee Commercial Building at 37 Cameron Road in Tsim Sha Tsui for a reported HK$448 million ($57.7 million), picking up the building for about 30 percent less than the seller’s asking price six months earlier. Kailong is understood to hold a majority stake in th…
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