SINGAPORE: Property group Hongkong Land introduced on Friday (Dec 12) that it’ll launch its first non-public actual property fund with greater than S$8 billion of belongings beneath administration (AUM) at inception.
The Singapore Central Personal Actual Property Fund (SCPREF) will solely deal with managing prime industrial property belongings within the city-state and is predicted to be the biggest non-public actual property fund in Singapore.
The fund can be seeded by the corporate’s Singapore industrial portfolio and different belongings acquired by the fund on inception and over time, the corporate added.
Hongkong Land didn’t present a particular date and time of the launch for the fund, however additional bulletins can be made within the first quarter of 2026 (Q1 2026).
The announcement follows the sale of Hongkong Land’s curiosity in Marina Bay Monetary Centre Tower 3 to Keppel REIT for about S$1.5 billion.
Hongkong Land will switch its pursuits in One Raffles Quay and Marina Bay Monetary Centre Towers 1 and a pair of to the fund with a complete attributable property worth of S$3.9 billion as of June 30, 2025, it added.
The corporate stated the fund is predicted to launch with AUM greater than double its seed portfolio, including that the institution of the fund is a part of the corporate’s technique to develop its AUM to US$100 billion (S$129.20 billion) by 2035. /TISG
Learn additionally: Keppel DC REIT completes acquisition of two Singapore information centre buildings in S$8.4M deal
