Hongkong Land poised to launch US$6 billion Singapore property fund [Yahoo! Finance]
JARDINE MATHESON UNSP/ADR (JMHLY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
assets under management, including prime commercial projects in the waterfront Marina Bay district. At inception, the Singapore Central Private Real Estate Fund (SCPREF) would include one-third stakes in One Raffles Quay and Marina Bay Financial Centre Towers 1 and 2, the Hong Kong-based commercial landlord and developer said in a statement on Friday. The transfer of these assets to the fund came following the lapse of pre-emptive offers by Hongkong Land to its joint venture partners, it said. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. "The fund will be solely focused on managing prime commercial property assets in Singapore, creating a unique private investment platform that will own and operate some of Singapore's most valuable real estate assets in terms of location, tenants
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