By Tanu Pandey
The deal is in line with its strategy to increase exposure to Japan’s residential market to provide stable and core income to investors.
MSREI is currently investing from its ninth fund, which has raised well over $2 billion for real estate investments worldwide.
The nation’s Corruption Eradication Commission conducted a search on 10 locations on Wednesday including Lippo deputy chairman James Riady’s home and the house of a senior executive who was arrested.
Swire agreed to sell its entire stakes in the two office towers in June, adding to a spate of deals in the world’s priciest office market.
The merger has created Singapore’s fourth-largest industrial real estate investment trust (REIT) with combined assets worth over $2.2 billion.
Allianz intends to take a 35% stake in the close-ended fund that targets value-add commercial real estate opportunities in China and Hong Kong.
The properties are being launched in partnership with two private investors, who have “invested significantly” in Caper Co-Living.
OUE Lippo Healthcare will acquire a 40% stake in Bowsprit and 10.63% of First REIT for a total of approximately S$142 million ($104 million).
The bank is seeking possession of the property, which Mallya — an Indian tycoon who’s battling extradition in a separate case — used as a family home.
This is KKR’s third realty investment in South Korea and is being funded from its $9.3-billion Asian Fund III.