…swathes of China’s economy, but global investors including Blackstone and Warburg Pincus are ramping up bets on Chinese rental properties, judging the political wind is blowing in their favour. China has cracked down on private tutoring, brought monopolistic tech giants to their knees, and stepped up curbs on home buying. But Beijing is wooing capital to help provide rental housing and is attracting plenty of institutional interest. Read more>> A…
Search Results for: WARBURG PINCUS
Evergrande Hainan Resort Towers Repurposed and More Asia Real Estate HeadlinesÂ
…ential homebuyers face tightening credit, the Tuoi Tre newspaper reported. Warburg Pincus-backed No Va Land Investment Group will focus on its core real estate business, reduce operational costs, cut staff and adjust construction plans in line with the current market situation, the newspaper reported, citing No Va Land chairman Bui Xuan Huy. He said the company expects the State Bank to develop a plan to assist potential homebuyers, investors and…
Goldman Sachs Asset Management Names Nikhil Reddy Head of APAC Real Estate
…r co-head Murata was recently named co-head of Asia real estate at Warburg Pincus, as reported by Mingtiandi earlier this week. In his new role with Warburg, Murata is pegged to lead the expansion of the firm’s private equity and real estate business in Japan, in addition to his regional real estate position, according to an internal memo seen by Mingtiandi. The set of management moves in its real estate platform come after Goldman Sachs in Octobe…
ESR Selling 30% Stake in Hong Kong Cold Chain Project to Mainland Investor
…g Kong. ESR co-founders and co-CEOs Jeffrey Shen and Stuart Gibson Warburg Pincus-backed ESR is seeking to achieve green building certifications for the facility, including LEED Core & Shell Platinum and BEAM Plus New Building Platinum. The company plans to obtain green financing for the development given its many sustainable features, such as a rooftop garden, recycling irrigation water system for the landscaped area and EV charging points at the…
Vanke Seeks $160M IPO of Shenzhen-Listed REIT With Three Logistics Assets
…t a REIT in China when its GLP C-REIT commenced trading last June. Warburg Pincus-backed DNE Group achieved an industrial REIT listing in late 2022 after winning approval for D&J New Economy Industrial Park REIT, a RMB 1.38 billion ($200 million) trust, in September of that year. Warburg-backed warehouse titan ESR announced its own RMB 2.88 billion ($404 million) listed trust last December. Debt Worries Flare Again Vanke, China’s second-biggest de…
Korea’s IGIS Gives Boost to Taeyoung E&C Restructuring and More Asia Real Estate Headlines
…Buy Stake in SHFL UAE-based sovereign fund Mubadala Investment Company and Warburg Pincus are in talks with Shriram Finance to acquire a controlling stake in its subsidiary Shriram Housing Finance. Shriram Finance on Tuesday confirmed it was looking to unlock value in the housing finance arm to secure growth capital. Read more>> Cromwell E-REIT Posts 10.2% Drop in Indicative Q1 DPU Cromwell E-REIT on Tuesday posted an indicative distribution per u…
Lendlease Loss Widens to $1B on Write-Downs Tied to Business Rejig
…a Pacific life sciences joint venture with US private equity giant Warburg Pincus. The Singapore-based JV aims to grow into a multi-billion-dollar platform by acquiring, developing and operating life sciences projects in fast-growing regional markets. The transfer of Lendlease’s life sciences interests to the Warburg JV is expected to contribute A$80 million in after-tax operating profit to the group, according to a stock filing. In July, Lendleas…
InfraRed NF JV Buys $112M Value-Add Commercial Project in Shanghai
…rty Investment, a firm which the US-educated executive had co-founded with Warburg Pincus in 2015. Veteran investment exec Wang Qian has set up a new shop in Shanghai In 2018, Nova had joined up with InfraRed NF to acquire the Hongkou Brilliant (Bailian) shopping centre for RMB 465 million ($73.8 million), and the two companies had also worked together to acquire the Puxi Kaiyuan hotel, which were converted into rental apartments under the Base br…
CBRE Leads Brokerage Wins with Deutsche Shed Deal as Asia Recovers Mingtiandi Broker Battle
…ximately HK$3 million per month. Read More>> Savills has been appointed by Warburg Pincus-backed fund manager KaiLong to sell 41 car parking units at the Overseas Trust Bank Building in Wanchai. Located at 160 Gloucester Road, the set of parking spots carry an asking price of HK$120 million. Read More>> Mainland China CBRE has been appointed by China Vanke and Xi’an Qujiang Cultural Industry Investment Group as leasing agent for the Qujiang Creati…
Phoenix, Actis Consortium Sells Seoul Office Complex for KRW 546B
…fund in November last year, flipped an apartment building in Tokyo for JPY 20 billion ($190 million). For Actis, its exit from the Young City Office Complex investment comes four months after it entered a $200 million joint venture with Warburg Pincus-backed logistics developer New Ease to develop three logistics projects in mainland China. During 2019 the London-based fund manager also invested $180 million to take a majority stake in mainland Ch…