CapitaLand launches jv fund
Singapore’s CapitaLand and the Qatar Investment Authority have launched a $600m (£386.4m) joint venture fund to invest in European and Asia Pacific residential. It is the first of six proposed new fund launches by CapitaLand, which is majority owned by state-backed fund Temasek.
Invista fund needs capital
Invista’s European Real Estate Trust SICAF has said it is in need of “rapid recapitalisation… to maintain the support of lenders” following a series of lease events across its portfolio. The value of the fund’s portfolio fell by 2.5% in the second quarter to €226.2m (£161.8m) after a tenant default and exercise of lease breaks.
Hong Kong deal sets record
A Gaw Capital Partners-led consortium has bought the InterContinental Hong Kong hotel for $938m (£603.3m). The deal will see InterContinental keep a 37-year management contract on the five-star hotel, and is the highest price per key paid for a single hotel in Asia. The hotel has 503 bedrooms and occupies a prime spot on the Kowloon waterfront with views of Hong Kong Island.
CBRE fund sells 10 malls
China Investment Corporation and AEW Europe have bought 10 shopping centres in France and Belgium from CBRE Global Investors. The disposal of the €1.3bn (£940m) portfolio completes the wind-down of the CBRE Retail Property Fund France Belgium CV.
Delin buys Amsterdam shed
Delin Capital Asset Management has acquired a warehouse in the Port of Amsterdam for €30m (£21.3m). The asset manager bought the 395,900 sq ft unit in a sale-and-leaseback deal with jeans retailer G-Star Raw.
