Fresh China leadership for one of North America’s best-known fund managers leads this week’s roundup of personnel moves from Asia’s real estate industry as Bain Capital introduces a new head of its mainland real estate and special situations business. Singapore’s… Read More>>
ARA Veteran Moses Song Aims for More Value-Add Deals in JV with Japan’s Kenedix, SMFL
With ARA Asset Management’s private funds division soon to be carved out from ESR into an independent company, the head of the new venture aims to pursue a familiar playbook focused on value-add opportunities in office, retail and hospitality in… Read More>>
ESR Selling ARA Private Fund Business for $270M to Amp Up New Economy Focus
Two years after completing its buyout of ARA Asset Management, ESR is selling the Singapore-based company’s private fund management business as it hones its focus on assets linked to Asia Pacific’s fastest growing sectors.
The Hong Kong-listed real estate giant… Read More>>
Kenedix Merging Three Japanese REITs into Single $8.2B Trust
Japanese fund manager Kenedix intends to merge three of its sponsored J-REITs into a single trust with assets under management totalling JPY 1.15 trillion ($8.2 billion).
Under the plan, Kenedix Residential Next Investment Corporation and Kenedix Retail REIT Corporation will… Read More>>
ARA-Kenedix JV Buys Iron Mountain Warehouse in Singapore’s Jurong West For $35M
After starting March with an investment in Singapore’s Lazada One office building, ESR’s ARA Asset Management teamed up with its Japanese joint venture, Kenedix, for a second time last month to acquire an industrial building in the city-state’s Jurong West… Read More>>
ARA Sells Half Stake in Singapore’s Lazada One to Sumitomo Mitsui-Backed Fund for $269M
ESR’s ARA Asset Management has divested its half stake in a Singapore office project to a fund backed by Japanese giant Sumitomo Mitsui Finance and Leasing Company (SMFL) for S$362.4 million ($269.3 million), Mingtiandi has learned.
A fund managed by… Read More>>
Manulife and Kenedix Launch $170M Japan Multi-Family JV With 9 Seed Assets
Canada’s Manulife Investment Management and Tokyo-based Kenedix have agreed to form a JPY 19.8 billion ($170 million) joint venture to acquire multi-family assets in Japan’s major cities.
The JV will be seeded with a portfolio of nine properties, including four… Read More>>
ARA Ups Stake in Japan’s Kenedix to 30% After $1.3B Buyout
Singapore-based ARA Asset Management announced Friday that it had increased its equity stake in Japanese fund manager Kenedix to 30 percent, up from 20.27 percent previously.
ARA had earlier supported the privatisation and buyout of Kenedix by Sumitomo Mitsui Finance… Read More>>
Nuveen, Kenedix and Bouwinvest Invest Another $226M in Tokyo Apartment Portfolio
Nuveen Real Estate has teamed up with Japan’s Kenedix to add seven new assets to their Tokyo apartment portfolio, according to an announcement this week.
Tokyo Multifamily Partnership, a venture managed by Nuveen and Kenedix with backing from Dutch pension… Read More>>
Sumitomo Mitsui Teams with ARA in $1.3B Buyout of Japan’s Kenedix
A unit of Japan’s Sumitomo Mitsui has launched a JPY 132 billion ($1.3 billion) takeover of one of the country’s most prominent real estate fund managers, and is teaming up with Singapore’s ARA Asset Management to get the buyout completed.