By Mars Woo
Megawide said, it has bought the entire 344.5 million shares of WM Property from various stockholders through a straight sale and in cash.
A new investment vehicle set up by the companies will initially invest in a seed portfolio of six logistics facilities with an aggregate gross floor area of 270,000 sqm.
Tycoon Victor Li made his first land purchase in Hong Kong since taking the reins of CK Asset Holdings Ltd. from his billionaire father Li Ka-shing, splashing out on a development site above a subway station.
PE funding for residential real estate is down 34% year-on-year (y-o-y) in the quarter ending June 2018.
Revolution Precrafted will build 50 luxury curated country villas for the first phase.
The fund will invest in middle-market real estate loans in Australia and New Zealand. Challenger Investment Partners will source and manage investments on behalf of the fund.
The companies intend to invest in an initial A$1 billion ($739.40 million) portfolio of Australian retail properties currently owned by Vicinity.
The acquisition brings Ascendas Reit’s portfolio to 99 properties in Singapore and 34 properties in Australia.
Rockworth Capital acquired the property from an investment partnership managed by Evolution Private.
The two buildings, with a combined leasable area of 1.85 million sq ft, are located in aVance Business Hub 2, HITEC City.