Singapore sovereign giant GIC emerges as the preferred bidder for a set of three South Korea hotels, with that story leading today’s headline roundup. Also making the list, Canadian pension manager AIMCO closes its Lion City office and GuocoLand wins… Read More>>
AIMCo, BlackRock Back Seraya Partners’ $800M Inaugural Asia Infrastructure Fund
Singapore-based private equity shop Seraya Partners has raised $800 million for its inaugural pan-Asia infrastructure fund with backing from Canada’s Alberta Investment Management Company (AIMCo) and American investment giant BlackRock.
Seraya Partners on Tuesday announced the final closing of Seraya… Read More>>
Shimao Chairman Selling $199M Aussie Ranchland Portfolio to AIMCo JV
The billionaire chairman of embattled Chinese developer Shimao Group has agreed to sell an Australian cattle ranch portfolio to Canada’s Alberta Investment Management (AIMCo) and a unit of Australian agricultural investment manager New Forests, as his company continues to struggle… Read More>>
China Property Credit PIcked as Biggest Global Risk and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a survey reveals investor fears that China’s property woes could trigger a systemic credit event, and South Korea’s flag carrier plans to sell Hawaii hotel assets. Also making the cut are a fund… Read More>>
Canadian Pension Manager AIMCo Sets Up in Singapore with Hire of GIC Exec
Canadian pension fund manager Alberta Investment Management Corp (AIMCo) has hired former GIC veteran Kevin Bong to oversee its investment strategy globally while leading its recently established Singapore operations.
AIMCo, which invests globally on behalf of pension, endowment and government… Read More>>
Canadian Fund Manager Aimco Opts for Singapore and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, an Alberta-based investment manager picks Singapore for its first office in Asia, Hong Kong’s CK Asset explores land purchases in the city-state, and casino operator Genting Singapore reportedly attracts takeover interest.
Read More>>
Swire Sells Florida Development Project to Kushner JV for $49M
Hong Kong’s Swire Properties has sold another piece of its Florida real estate portfolio for $49 million, as the blue chip developer continues to liquidate assets at the same time that its parent, Swire Pacific, struggles to deal with ongoing… Read More>>