By Mars Woo
The two firms teamed up in 2015 to acquire the site from its former owner, the global aluminum producer Alcoa, for $47 million.
The JV comes close on the heels of the Morgan Stanley fund picking up a majority stake in Pune-based warehouse and logistics park developer KSH Infra Ltd for around ₹350 crore.
Link owns commercial property, car parks, offices and shopping centres in Hong Kong, Beijing and Shanghai.
This is its fifth office established in the Asia Pacific since the company’s foray into the region in 1996.
The company, which is set to enter the hospitality segment, is exploring more options in the real estate sector to expand its portfolio beyond commercial office space.
Hoang Huy said it will use the proceeds from the issuance to develop three real estate projects in the country.
The acquisition will be made via ARA’s new private real estate fund in Korea managed by ARA Korea (REF) Limited.
UK’s development finance institution CDC Group has committed up to $50 million to Kotak India Affordable Housing Fund (KIAH).
The $750-million CREDO I China is set to be one of the country’s largest real estate debt funds.
The transaction marks LOGOS’ first investment in India’s fast-growing warehousing market.