Straits Trading, an investor in Singapore’s biggest publicly traded property trust manager, is planning “Blackstone-like” funds as Asia’s appetite for real estate investments increases. Straits Trading last month invested in Singapore-listed ARA Asset Management, the property trust manager partly owned by billionaire Li Ka-shing, and set up a joint venture with ARA’s CEO John Lim to invest in...
Property Fund
Perennial Real Estate, a firm set up by the former head of CapitaLand's shopping mall business, plans to launch property funds that will buy malls in China and Singapore to tap the region's growing consumer demand. Pua Seck Guan, who left CapitaLand in 2008, is making a comeback in the property fund management scene, drawing on his experience in helping build the Singapore developer's regional shopping...