Home-grown interior design firm Design Studio is joining hands with the world's fifth largest interior fit-out company Depa United Group. Their joint venture, DDS Asia Holdings, is targeting business opportunities in the hospitality and commercial sectors. DDS Asia has a share capital of $10 million, and will go for projects worth over $50 million. Work has already begun on some $54.4 billion worth of...
Joint Venture
GIC Real Estate has formed a joint venture with New York Stock Exchange-listed Host Hotels & Resorts to explore investment opportunities in Asia and Australia. The partners have agreed to invest a maximum of US$600 million of equity in the joint venture. Combined with the anticipated leverage, they will have a potential investment war chest of up to US$2 billion. GIC will own 75 percent of the joint...