Nguyen Thi Bich Ngoc
Senior Writer, Private Equity and Venture Capital
Qestral’s portfolio includes two villages in Christchurch and sites in Nelson and Hamilton where village planning and development is underway.
While billion-dollar valuations help a market attract attention, an early startup market such as Vietnam needs to first build sustainable companies.
Blackstone is making the investment through its Core+ real estate investment unit, which targets substantially stabilised office, logistics, residential and retail assets.
The transaction has marked the first acquisition of a company in Vietnam by Advantage Partners’ funds.
The funding will be made through its EQT Mid Market Asia III fund.
Blackstone is said to be currently conducting due diligence, which is expected to last another month.
Australian sovereign fund Future Fund said its 10-year return as of 2018 has been strongly driven by the increasing exposure to private equity investments.
Trunk received seed funding from Australian accelerator Startmate in early 2018, while InVision is backed by Goldman Sachs and Tiger Global Management.
Omni Sharing, the new entity, has applied for a sandbox to rent out 500 scooters.
LaSalle considers newer residential buildings in major cities as an excellent investment opportunity available in Japan.