Singapore-based Pacific Star Development has invested in a prime 339,800 sq ft waterfront freehold site in Puteri Harbour, Iskandar Malaysia, to develop an integrated mixed-use project with a gross floor area of about 1.3 million sq ft. Acquired for RM93.3 million (S$38.8 million) from UEM Land, the master developer of Puteri Harbour, Pacific Star plans to develop apartments, SOHO units and a lifestyle...
Pacific Star
YTL Pacific Star, the manager of Singapore-listed Starhill Global REIT, has appointed Mr Ho Sing as its new CEO. 43-year-old Ho takes over the top post from Franklin Heng, who died last December from complications following liposuction surgery. YTL said it is confident that Mr Ho will be able to execute his duties as CEO due to his experience and expertise. Mr Ho was previously the general manager of...
Singapore-based real estate investment house Pacific Star has announced the successful completion of the refinancing programme for Capital Square. The S$549 million facility included S$320 million of senior notes - the largest Singapore dollar corporate bond issue so far this year. The firm said the proceeds from the facility will be used to refinance the existing debt obligations and working capital of...
Real estate investment house Pacific Star has formed a joint venture in Munich which will help investors park their funds in prime Asian and European properties. Under the deal, Pacific Star Europe also launched its Asian funds distribution business with targeted assets under management of over US$2 billion. These will focus on real estate in India, China, Northeast Asia and Southeast Asia. Pacific Star...