A feud between a Hong Kong-listed real estate investment trust and one its biggest unit holders is ramping up, with alternative investment manager PAG demanding action by Hong Kong regulators over what it deems to be misleading statements by the… Read More>>
PAG Real Estate Closes Japan-Focused Opportunity Fund at $1.9B
The real estate arm of Hong Kong-based investment manager PAG has reached the final closing of its latest opportunistic Asian real estate fund with $1.9 billion in investor commitments, topping its initial target of $1.5 billion.
The Secured Capital Real… Read More>>
PAG Calls for Ouster of Spring REIT Manager on Conflicts of Interest
Spring REIT, a Hong Kong-listed real estate investment trust once focused on Beijing office assets has branched out into UK auto repair facilities, in a strategic pivot that has raised the ire of one of its biggest investors.
Alternative investment… Read More>>
Why GIC Confronted GLP on Buyout Process and More Asia Real Estate Headlines
Leading today’s news, Bloomberg spills on the complaints that forced Singapore’s GIC to complain about the GLP sale to the warehouse developer’s management. In other headlines, a group headed by Chinese President Xi Jinping announced it would step up scrutiny… Read More>>
CPPIB Revealed as $375M Investor in PAG Asian Real Estate Fund
A statement on Friday by the Canadian Pension Plan Investment Board (CPPIB) reveals that the manager of Canada’s largest pension body has taken an anchor stake in the most recent real estate fund assembled by Hong Kong-based private equity shop… Read More>>
PAG Raises $1.2B For New Asia Opportunity Fund
Hong Kong-based alternative investment manager PAG has reportedly raised $1.2 billion in fresh capital for its latest Asia Pacific real estate opportunity fund, according to market sources who spoke with Mingtiandi.
The new funding is understood to have been raised… Read More>>
Shui On to Sell Shanghai Homes for RMB 300k Per SQM and More Asia Real Estate Headlines
Shanghai-based Shui On Land is hoping the city’s property boom lasts long enough for it to sell homes near its Xintiandi complex for RMB 300,000 ($44,000) per square meter, while on the Hong Kong stock exchange, investors are already selling… Read More>>
PAG Announces $1.3B Closing of Asia Real Estate Fund
Hong Kong-based alternative investment manager PAG has reached a further closing of its new pan-Asia property fund, bringing the investment vehicle up to $1.3 billion in commitments.
This latest closing of PAG Real Estate Partners Fund (PREP) comes just over… Read More>>
PAG Raises More than $1 Bil for Pan-Asia Real Estate Fund
Hong Kong-based alternative investment manager PAG has reportedly raised over $1 billion for a new pan-Asia fund focusing on core-plus real estate assets.
The PAG Real Estate Partners fund, which held a first closing in recent weeks, now expects to… Read More>>
Shui On Said Selling Corporate Avenue Phase 3 for RMB 3.57 Bil
For the second time in one week, Shui On Land is said to be close to selling a prime office project in Shanghai, this time for a reported RMB 3.57 billion ($575 million).
The project on the block this week… Read More>>