By Nguyen Thi Bich Ngoc
Upon closing the transaction, Homelink will become an associated company of Sunac China, which will be entitled to appoint one director for the invested firm.
To pay for the deal, Guochuang Hi-Tech is raising up to $290 million from eight investors. It plans to further develop Qfang’s business.
Global Logistic Properties (GLP) has invested $1.1 billion in a 655,000 square meters land parcel in Sagamihara, Greater Tokyo, which will be developed into Japan’s largest logistics park.
Property developer Lodha Group on Wednesday announced the launch of its maiden investment fund of $7.4 million (Rs 50 crores) for start-ups focused on smart city solutions and overall real estate sector. The startup investment fund will invest in start-ups at all stages of the development cycle, including early stage… Read more »
SG: Imperium Crown to divest Japanese properties; GIC to buy 50 % in UK mall; Memtech to sell land parcelsBy Manesha Pereira
Imperium Crown seeks shareholders’ approval to divest all its Japanese properties, GIC plans to buy a 50 per cent stake in British mall and Memtech International enters into a sale and purchase agreement for the sale of two of its land parcels.
Hong Kong-based alternative investments firm PAG’s real estate arm PAG Real Estate had raised $1.2 billion in equity from institutional investors for its sixth (Fund VI) real estate opportunity fund.
Towards the last couple of months of the year, a spate of investment consortia were formed, namely the joint ventures between Warburg Pincus and VinaCapital, Kajima and Indochina Capital, and Sunwah and Saigon Asset Management, and the $500 million fund by CapitaLand.
This year is likely to be critical for infrastructure development as the government looks to push road, airport and railway projects, and a recently cleared bill seeks to empower major ports to speed up expansion plans. In addition, real estate will face severe headwinds although commercial office space is expected… Read more »
Hong Kong’s government has announced the first sale of commercial land in the city’s central business district in more than 20 years. The site, currently used as a multi-story car park in Murray Road, Central, is about 31,000 square feet, according to a government statement released late yesterday. The plot is… Read more »
Altico has been actively investing in Delhi and the adjoining regions. It has deployed over a Rs 1000 crore ($147 million) in the NCR market having closed transactions with Vatika, SARE Homes and now Panchsheel.