Cindat to Invest $2 Bil in Senior Care and More Asia Real Estate Headlines

Back home on the mainland, China’s fastest growing private equity real estate investors is shopping around for healthcare opportunities and the country’s biggest computer maker is dumping real estate. Elsewhere around the Internet, GIC is buying in India and Australia, and there’s much more, if you just keep reading.

Cindat to Invest $2 Bil in Senior Care

Cindat Capital Management Ltd., a Chinese investment firm focused on overseas property, is seeking to spend $2 billion this year on elderly homes in the U.S. to capitalize on an ageing population.

The Beijing-based company, backed by bad-loan manager China Cinda Asset Management Co., is evaluating two investments of about $1 billion each into senior housing properties in the U.S., Co-Founder and Chief Executive Officer Greg Peng said. Read more>>

Lenovo Sells Stake in Real Estate JV to Sunac for $235 Mil

Lenovo Group Ltd said on Thursday it would sell all its 49 percent stake in a China property joint venture to Sunac China Holdings Ltd for 1.62 billion yuan ($235.5 million), raising capital to fund operations and investments.

A pre-tax gain of about HK$1.7 billion ($218.5 million) is estimated from sale of the stake in Chengdu Lian Chuang Rong Jin Investment Ltd, which is involved in residential, commercial, and office property development in China’s Hefei and Wuhan, Lenovo said in a filing to the Hong Kong bourse. Read more>>

GIC Buys Stake in Indian Commercial Developer for Reported $2 Bil

Promoters of realty giant DLF K P Singh and his family have decided to sell their entire 40% equity in their flagship company in commercial space DLF Cyber City Developers (DCCDL) to Singapore-headquartered private equity firm GIC, formerly known as Government of Singapore Investment Corporation.

The statement issued by the company did not divulge the deal figure. Sources in the company pegged the deal size at around Rs 14,000 crore ($2 billion). At this price, DLF’s rental arm DCCDL could be valued at around Rs 35,000 crore.TOI had reported about GIC leading the race in June last year.The promoters will invest the proceeds from the sale back to the company. Read more>>

GIC to Aim A$800M at Aussie Real Estate With Charter Hall

Singapore’s sovereign wealth fund is to invest AUD800m (€582m) in Australian real estate in anticipation of a recovery in some of the country’s more challenged markets.

IPE Real Estate understands that GIC has hired Charter Hall Group and Primewest to invest in Brisbane and Perth, two cities suffering from high vacancies and an oversupply of commercial space. Read more>>

Chinese Estates’ Joseph Lau Hands $2.2 Bil Stake to Wife and Son

Joseph Lau Luen-hung, 65, the controlling shareholder of Chinese Estates Holdings, has transferred all his 74.99 per cent shareholding with an estimated worth of HK$16.99 billion (US$2.17 billion) to his wife and son due to a “very unstable health condition”.

The share restructuring, which has been implemented and completed on Wednesday, means chairman Lau Ming-wai, the son of Joseph Lau, will indirectly hold 476.4 million shares representing 24.97 per cent in Chinese Estates through Century Frontier. Read more>>

How China’s Mega-Investors Can Jump the Great Wall of Capital

Behind China Inc.’s ambitious bids for companies across the globe, intricate ways of getting cash on the table are emerging as it becomes tougher to close deals. The company buying Anthony Scaramucci’s SkyBridge Capital shows the way.

After last year’s wave of more than $200 billion in Chinese outbound bids, pending deals are piling up. Non-Chinese lenders have been unwilling to lend directly to highly leveraged companies with limited financial information. Read more>>

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