"Going forward, we imagine ourselves having a series of funds with high-quality investors alongside us, creating fund management revenue,"
"Sovereign wealth funds have capital to deploy, but it needs to be protected-and these funds meet those needs."
"underscores its strategy of partnering with best-in-class operators to access high-quality real assets in key global markets and generate resilient long-term returns."
Hongkong Land launched the Singapore Central Private Real Estate Fund (SCPREF), an open-ended private real estate fund with about S$8.2 billion (US$6.5 billion) in assets focused on prime commercial assets in Singapore's central business district. SCPREF's initial portfolio comprises Asia Square Tower 1, One Raffles Link, Marina Bay Link Mall, and Towers 1 and 2 of Marina Bay Financial Centre. Investors include Qatar Investment Authority, APG Asset Management, and an established Southeast Asian sovereign wealth fund. The fund aims to generate fee-based fund management revenue as part of a strategic pivot toward fund management and commercial properties and to grow to a valuation of $15 billion. Singapore real estate investment sales rose 27% in 2025 to $26.9 billion, supporting bullish sentiment for commercial real estate.
Read at Fortune
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