By Madhurima Nandy
The $400 million India Office Assets Fund I is anchored by a subsidiary of UAE-based sovereign wealth fund Abu Dhabi Investment Authority (ADIA).
The development is owned by M+S Pte, a joint venture between Malaysian sovereign fund Khazanah and Singapore’s Temasek.
The strategy shift marks a turn of fortunes for the Chinese co-working industry, whose rapid expansion has helped operators such as Ucommune, MyDreamPlus and Kr Space raise hundreds of millions of dollars.
RedBox completed the property purchases using the $50 million committed by Chinese real estate investment manager InfraRed NF.
Oxley bought the 1993-vintage tower Chevron House for $488 million in 2018 from Deka Singapore.
In 2015, Far East acquired four student accommodation properties in the UK for about $62 million.
Gaw-led groups snapped up properties worth HK$35 billion ($4.5 billion) in Hong Kong in less than two years.
The platform plans to build around five projects totalling around 3000 units in Mumbai surburbs, Gurugram and Noida in the next four too five years.
SCORE+ has a mandate of investing in core and core-plus direct real estate assets in gateway cities in Asia Pacific, primarily in Japan, Australia, New Zealand, Singapore, Hong Kong, and South Korea.
Dexus and Dexus Wholesale Property Fund will each buy a 25 percent stake in the Sydney skyscraper.