Hongkong Land is seeking additional opportunities to expand its fund management business after debuting a $6.4 billion Singapore commercial vehicle earlier this year, with CEO Michael T Smith saying the company aims to build a regional platform focused on ultra-premium office ecosystems in Asia Pacific gateway cities. Speaking Tuesday at the Mingtiandi Singapore Forum, Smith said the Jardine Matheson-controlled company intends to continue moving beyond its historic role as a landlord and develop...

Weave Living founder and CEO Sachin Doshi Rental apartment specialist and asset manager Weave Living on Thursday announced the closing of its first fund aimed at domestic investors in Japan, with the vehicle having received an anchor investment from banking giant Mitsubishi UFJ Financial Group. MUFG’s investment into Weave Living Japan Multi-Family Domestic Vehicle 1 will drive the acquisition of 11 multi-family assets located across Tokyo and valued at JPY 20 billion ($130 million), the compa...

The 11 assets are located in core Tokyo neighbourhoods Rental apartment specialist and asset manager Weave Living has announced the launch of its first fund aimed at domestic investors in Japan, with the vehicle having acquired a portfolio of 11 Tokyo multi-family assets valued at over JPY 20 billion ($134.6 million). The portfolio comprises 300 rental units at brand-new, high-quality projects, Weave founder and CEO Sachin Doshi said Monday in a LinkedIn post. The additions build upon Weave’s...

Plymouth Grove in Manchester will provide 239 student beds (Image: Far East Orchard) Singapore’s Far East Orchard this week announced the final closing of its maiden private fund focused on purpose-built student accommodation in Britain, with the vehicle having secured £96 million ($129.5 million) in committed capital. Institutional investors contributed 63.5 percent of the capital to FE UK Student Accommodation Development Fund as Far East Orchard retained the remaining stake, said the SGX-l...

BGO’s Japan investments include the Rihga Royal Hotel Osaka North American fund manager BGO on Thursday announced the final closing of its Asia value-add strategy, with the real estate unit of Canadian insurer Sun Life having raised more than $5.1 billion in committed capital for the vehicle and co-investment sidecars. BGO Asia Fund IV, targeting office, hospitality and logistics opportunities in Japan, South Korea, Australia and Singapore, represents the largest closed-end capital raise in th...