Singapore Realty Dealbook: GIC pays $42m for minority stake in Aliansce’s Brazilian mall; Metro Holdings exits Japanese property market


Singapore’s based companies are investing and divesting in real estate abroad. While GIC has acquired a stake in Brazilian mall, Metro Holding has exited the Japanese realty market by divesting from the sole office building the company owned in Tokyo GIC pays $42m for minority stake in Aliansce’s Brazilian mall… Read more »

Temasek-backed Innoven Capital to expand to Singapore

vinodTemasek-backed and Mumbai-based venture debt provider InnoVen Capital is planning to expand operations from India to other Asian markets, with Singapore slated to be its first overseas destination. This comes amidst an increase in its operational tempo in India as it increases funding to India-based startup ventures. The non-banking financial company (NBFC), which was… Read more »

VC firm Formation 8 raising $400m Asia-focused fund

California-based venture capital (VC) firm Formation 8 is in the process of raising a $400 million fund for late-stage investments in Asia Pacific (APAC) markets, according to an SEC regulatory filing by Brian Koo, founder and general partner of the firm. The new fund is called F8 Asia Growth. This is a positive development for… Read more »

Singapore is largest ASEAN FDI source for Vietnam for 1H 2015

Singapore was the largest source of foreign direct investment (FDI) in Vietnam for the first half of 2015, as compared to all the other Southeast Asian countries  investing in the country. This was revealed by the Foreign Investment Agency (FIA), which is under the Vietnamese Ministry of Planning and Investment. ASEAN investors currently account… Read more »

2Q 2015 sees India account for 4% of Temasek portfolio

Singapore state fund Temasek Holdings has invested $1 billion in India, as of 2Q 2015 from the end of June 2015, when including investments in assets such as Sun Pharma, Glenmark, Crompton Greaves and Oberoi Realty. By contrast, the 2014/2015 period saw Temasek invest $1 billion over 10 transactions. These include investments in… Read more »

Exclusive: Temasek, Cisco invest in Monk’s Hill fund for Southeast Asia

Southeast Asia-based venture capital firm Monk’s Hill Ventures continues to rope in big name investors for its $80 million fund, as it gears up to make a slew of investments in the region. Monk’s Hill Ventures has raised funding from Singapore state fund Temasek Holdings and American multinational technology company Cisco, DEALSTREETASIA… Read more »

Singapore Dealbook: Metech to raise $9.74m; Oxley unit buys London property for $72.8m

Singapore-listed dealscape  saw Metech engage in fundraising activities, in order to fuel further growth and strengthen its financial position. Meanwhile, property firm Oxley Holdings acquired a London property, using a mixture of cash and bank loans. Metech plans rights/warrants issue to raise S$9.74 million The e-waste management solutions provider, Singapore-based Metech… Read more »

CapitaLand’s Ascott partners Qatar Investment for $600m fund

The Ascott Limited, the wholly owned serviced residence business unit of CapitaLand, Monday said it had entered into a 50:50 joint venture with the Qatar Investment Authority (QIA) to set up a $600 million (approximately S$809 million) serviced residence fund, with an initial focus on the Asia Pacific and Europe… Read more »

Exclusive: First close for Expara’s S$30m fund

Singapore-based venture capital (VC) firm Expara Ventures, which invests in interactive and digital media startups in the city-state, Malaysia and Thailand, has held the first close of its second fund, on S$5 million, DEALSTREEASIA has learnt. It is understood the vehicle has received commitments for a large part of its S$30… Read more »

Singapore Dealbook: SDIX to launch in September 2015; Starhub Green sold for S$260m

Singapore based Vertex Ventures is backing the launch of a diamond commodities exchange based in Singapore in September 2015. On the real estate front, Starhub Green was divested by the  New York-based Blackstone Group. Diamond commodities exchange to launch in September 2015 Singapore Diamond Investment Exchange (SDIX) plans to launch the world’s first commodities exchange… Read more »