By Chalida Ekvitthayavechnukul
The firm is targeting properties with the size of 40 rooms each in the outskirts of London.
Partners with former GIC executive Steven Loh to head the JV
The capital raising will fund operations and investments.
Singapore’s GIC is investing via mandates to Charter Hall and Primewest.
Thai property developer U City agreed to acquire Vienna House. Pace Development announced the completion of a $240-million fundraising for Thailand’s tallest skyscraper.
The firm beat bidders, Korea Investment Corp. and Temasek Holdings.
The collaboration among the three groups is expected to bring together strengths in design, building construction, project management and expertise in the Philippine property sector.
VinaCapital also had a very active investment quarter.
Chairman of Global Premium Hotels plans to take the company private while Cache Logistics Trust expands into Australia with the proposed acquisition of a Melbourne warehouse for A$22.25 million. Global Premium Hotels to go private Global Premium Hotels announced on Friday that JK Global Capital intends to make a voluntary… Read more »
Both will provide long-term equity capital to top residential developers.