…eung Wan neighbourhood for a combined HK$350 million ($45 million), as the Warburg Pincus-backed firm continues its strata sales strategy amid the city’s economic downturn. The fund manager helmed by Cheng Hei Ming has disposed of the lower four storeys, as well as the eighth to eleventh floors, of the newly renovated Yue Thai Commercial Building in Central district to an unnamed investor, according to local Hong Kong media accounts. The eight flo…
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Allianz Real Estate Opens Offices in Shanghai and Tokyo in APAC Expansion
…nz to purchase an 85 percent stake in a commercial complex in Beijing from Warburg Pincus-backed developer D&J China for €1 billion. In October 2019 the insurer marked its first direct transaction in the Japanese real estate market with the $1.1 billion purchase of a portfolio of multifamily assets from Blackstone. Putting People on the Ground in Shanghai To support its China operations, Desai has put together a team in Shanghai which includes Pat…
ESR Closes on $1B Korea Logistics JV with APG, CPPIB
…to online statistics provider ecommerceDB. In a March conference call the Warburg Pincus-backed logistics developer and fund manager announced that its 2019 profits rose 21 percent and predicted that the COVID-19 crisis will further accelerate the growth of e-commerce. Gibson said at the time that over half of the company’s tenants were from the e-commerce sector and that ESR was “seeing a rush to secure high quality space”. ESR Continues to Find…
GIC Backs A$1B ESR Australia Logistics Development Partnership
…ct that online shopping is set to boom in Australia, with e-commerce forecast to make up 12 percent of all consumer spending in the country next year, according to a report by Australia Post. The Warburg Pincus-backed firm listed on the Hong Kong stock exchange last October, raising HK$14 billion ($1.8 billion) in the city’s second-largest listing of the year….
ARA European Real Estate Debt Fund Raises €200M
…A boss John Lim poses in front of the Suntec City complex in Singapore The Warburg Pincus-backed fund manager took a majority stake in ARA Venn last December five months after it set up an equity management partnership in the UK together with London-based Dunedin Property Asset Management. In June, the firm mounted a hostile takeover of ASX-listed Cromwell Property Group, marking the latest development in a more than two-year struggle for control…
ESR Acquires Trio of Jiangsu Logistics Projects
…ina holdings stands to add 345,000 square metres of warehouse space to the Warburg Pincus-backed company’s mainland portfolio. Financial terms of the acquisitions were not disclosed. The three projects, which include one stablised asset, an in-progress development and a redevelopment candidate, will join a China portfolio that stood at 6.9 million square metres of space as of 31 December 2019. Adding 345,000 SQM of New Sheds The first property is…
Pandemic Boosts Appeal of Logistics Assets Amid E-commerce Boom: ESR’s Perlman
…erce, Perlman, who is also managing director and head of Southeast Asia at Warburg Pincus, said. The New York-based private equity firm, which has over $58 billion of assets under management is a key shareholder in ESR. Traditionally, fund managers allocated 20-25 percent of their portfolios into bricks and mortar retail assets and only 10 percent into logistics assets, he said. That ratio is increasingly tilting in favour of logistics given the r…
Investors Boost APAC Logistics Deals Amid E-Commerce Boom APAC Logistics Forum 2020
…growth in online consumption will have a huge impact on logistics developers as e-commerce companies typically require three times more warehouse space than traditional retailers, Jeffrey Perlman, managing director and head of Southeast Asia at Warburg Pincus told Mingtiandi recently. Besides online fashion retailers, demand for warehouses is being fueled by grocers, pharmaceutical companies and food delivery firms as consumers holed up at home b…
Join the Mingtiandi Proptech Forum 2021 MTD TV Productions
…derson Land Hines Mapletree Sino Land Sun Hung Kai Properties Shui On Land Warburg Pincus Sponsorship You can share your company’s message with the community at Mingtiandi’s Proptech forum by sponsoring the event. Get all the details here, or contact us directly. Note: Sponsorship packages will be offered on a first-come, first-served basis with limited availability. Find Out More We would be happy to answer your questions – just contact us here M…
APAC Real Estate Deals to Rebound After Slumping 32% Jan to June: JLL
…of the resilience that we’ve seen in logistics on the back of e-commerce.” Warburg Pincus-backed ESR, which has $22.1 billion in assets under management, last week moved to consolidate its presence in Southeast Asia’s highest value market by merging a pair of Singapore industrial real estate investment trusts it manages in a S$397 million ($285 million) deal. Singapore Deals Shrink Singapore was among the locations in the region worst hit by the p…