Realty Digest: ARCH Capital launches digital infrastructure platform; CBRE IM to manage SG insurer's real estate portfolio

Realty Digest: ARCH Capital launches digital infrastructure platform; CBRE IM to manage SG insurer's real estate portfolio

Photo by Taylor Vick on Unsplash

ARCH Capital, Hong Kong’s real estate private equity firm, has launched a pan-Asian digital infrastructure platform, Digital Halo. Separately, CBRE Investment Management has agreed to manage the $3-billion global real estate portfolio of Singapore’s Income Insurance.

Hong Kong’s ARCH Capital launches Digital Halo

ARCH Capital, Hong Kong’s real estate private equity firm, has launched a pan-Asian digital infrastructure platform, Digital Halo. Based in Singapore, Digital Halo will invest, develop, and operate data centres, fibre towers, and renewable power facilities in North Asia and Southeast Asia, according to a statement on Wednesday.

Digital Holo will offer built-to-suit and colocation solutions to meet hyperscale and enterprise customer requirements in the target markets for its data centre business. The firm also plans to set up a 70-megawatt data centre campus on a 3.75-hectare brownfield site in the Cainta municipality of Manila as its first project.

The establishment of the platform is an extension of Arch’s partnership with Manulife Asset Management, the asset management unit of the Canadian insurer, from real estate to digital infrastructure, the statement said. Manulife bought a significant minority stake in Arch at an undisclosed amount in February last year.

Digital Halo, an affiliate of Arch, is co-founded by Arch’s current president Charles Cosgrove, who will be helming the firm as executive chairman, and a former Keppel Kai Goh executive, who will lead the firm as chief investment officer and chief operating officer.

Arch Capital manages $5.6 billion assets under management and advisory with expertise in opportunistic and core strategies.

CBRE IM to manage Income Insurer’s $3b realty assets

CBRE Investment Management, an investment vehicle of eponymous brokerage firm CBRE, has agreed to manage the $3-billion global real estate portfolio of Singapore’s composite insurer, Income Insurance, according to a company release.

The portfolio includes direct and indirect holdings across the Asia-Pacific, North America, and EMEA, the release added.

“Real estate is a strategic asset class in Income’s investment portfolio. As our investment is diversified across physical properties and funds in Singapore and abroad, we are excited to collaborate with CBRE IM and leverage their global footprint and track record with the aim of delivering good long-term returns to our insurance policyholders,” said Mark Shi, Chief Investment Officer of Income.

Several team members who previously managed Income’s portfolio will also be joining CBRE IM at its Singapore office.

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