Partners Group invests in Hong Kong warehouse
Switzerland-based private equity firm Partners Group has invested in a warehouse building in Hong Kong’s Kowloon East for an undisclosed sum. The warehouse is earmarked for conversion into a class A office building.
The new premises will be suitable for large occupiers from a range of industries including financial services and manufacturing, which are seeking premium office space at more affordable rents than Hong Kong Island's Central district, Partners Group noted.
"Together with Pamfleet, our local operator, we aim to reposition the property into a branded commercial building with sustainable features to capitalize on the trend for businesses to locate their middle- and back-offices to this more affordable area in Hong Kong," said Bastian Wolf, a senior investment manager at Partners Group.
Partners Group manages more than EUR28 billion ($36 billion) globally, invests directly in private companies as well as private-equity funds. It currently operates 15 offices globally.
More on Greater China
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.