The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
Sino Ocean operates in Beijing and is expanding in markets in the Bohai Economic Zone including Tianjin, Dalian, and Shenyang, and Zhongshan in the Pearl River Delta. Sino Ocean develops residential products for mid-market customers and office buildings for corporate clients.
In 2006 SCPEL made two investments in ChinaÆs real estate sector. In June, 2006 it made its first investment in the sector, investing $50 million in Shimao Property Holdings, alongside the real estate investment fund of Morgan Stanley. Shimao develops upscale multi-purpose properties including residential, hotel and commercial developments with a footprint - at the time - covering nine cities. Just a month later, in July, SCPEL invested $50 million in Greentown China Holdings, a developer in the Yangtze River Delta particularly Zhejiang, headquartered in Hangzhou.
The investment was led by Fan Chen, managing director and head of Greater China, SCPEL, who termed Sino Ocean one of the best companies in the industry: ôWe are impressed by Sino OceanÆs high quality management team and the robust management system.ö
Including the investment in Sino Ocean, SCPEL currently has around $135 million invested in ChinaÆs real-estate development sector. Chen added that the China practice would continue to focus on sectors highly correlated with the rising personal wealth and the improvement of living standards. SCPEL is the private equity arm of Standard Chartered Bank focused on companies in Greater China, India, Korea and Southeast Asia.
Real estate in the worldÆs two most populous countries, China and India, is flavour of the month for private equity investors. Rising disposable incomes and increased spending power are driving property prices in both markets to astronomical rates, driven by rapid development of residential, commercial and leisure properties.
There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
As Covid restrictions continue to put the bite on travel, Australia's superannuation funds are seeing mileage in spending big on communications and digital infrastructure.
Sunsuper and QSuper appoints CIO for combined entity; State Street appoints heads of HK and Taiwan; Nothern Trust rebuilds Apac team; Manulife IM names emerging markets fixed income CIO; RBC Wealth Management hires four into HK; Lombard Odier hires two senior equity managers; Allianz Global Investors appoints Asia hand as equity CIO; and more.
Investors from China and the US are expected to continue buying assets in each other’s markets despite the blacklist of Chinese firms with military and surveillance ties.