Alternative and Infrastructure asset news (10 to 23 May)

Keppel reit

The following is a collection of alternative and infrastructure asset news gathered by the research team from ARA.

Here is the full mailer from the fund manager.

The clouds gathering around China’s Belt and Road 16/5/2018

China’s President Xi Jinping promises that his Belt and Road Initiative, a sweeping vision to put China at the center of the global economy through new infrastructure, trade deals and other connections, was a “plan in the sunshine.” But make no mistake, the BRI’s outlook is darkening. Critics — including some of Beijing’s actual and potential partners — are raising concerns about transparency, debt sustainability and usefulness, as well as questioning China’s underlying strategic aims.

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GLP unveils $1.6B China logistics tech PE fund 12/5/2018

Asia’s largest warehouse developer Global Logistic Properties, better known as GLP, has setup a RMB 10 billion ($1.6 billion) private equity fund in China to invest in logistics-related businesses, the company’s first fund targeting assets beyond real estate.

Look to India for returns, not China’s Belt-and-Road, funds say 16/5/2018

Some of Asia’s biggest infrastructure investors are seeing plenty of opportunities in India. In China’s mammoth Belt-and-Road initiative, however, not so much.

GIC partners Shanghai’s Nova to set up 4.3b yuan rental apartment platform in China, 14/5/2018

GIC, Singapore’s sovereign wealth fund, is partnering Nova, a Shanghai-based property investment and asset management platform, to set up a 4.3 billion yuan (S$904.9 million) rental apartment platform in China.

China curbs infrastructure spending as local debt climbs, 21/5/2018

China is slamming the brakes on infrastructure investment to reel in soaring local debt, but the move is certain to hurt regions reliant on public works projects, widening the country’s already stark economic gaps.

Property investors identify Asia as the hot new frontier for alternative real estate growth,18/5/2018

International property consultants say that there has been a shift among real estate investors to alternative assets in Asia Pacific which offer more attractive yields and stronger long-term growth prospects.

Gaw joins with Country Garden affiliate for $1B China distressed assets fund14/5/2018

Hong Kong-based private equity firm Gaw Capital Partners has joined with an affiliate of China’s largest developer by sales to set up a new $1 billion special situations fund targeting distressed real estate opportunities in the country.

Also read: What’s the difference between REITs with overseas and Singapore assets?

Will the SG-KL High-Speed-Rail project be derailed? 20/5/2018

The newly minted Pakatan Harapan coalition government of Malaysia has slammed the brakes on the project for high-speed-rail line between Singapore and Kuala Lumpur. The announcement comes soon after Prime Minister Lee Hsien Loong visited his Malaysian counterpart Tun Dr Mahathir Mohamad in Putrajaya.

CPPIB buys stake in Enbridge’s renewable power assets for $1.75bn, 9/5/2018

Canada Pension Plan Investment Board (CPPIB) is investing up to C$2.25bn (€1.47bn) for a stake in a portfolio of wind and solar assets in North America and Europe owned by energy infrastructure firm Enbridge.

Peace talks ignite land buying frenzy along South Korea’s fortified border, 14/5/2018

Last month’s historic inter-Korean summit at Panmunjom, North Korean leader Kim Jong Un and South Korean President Moon Jae-in pledged to reconnect railways and roads along the border, and transform the DMZ into a “peace zone”.

Canadian institutions vie for foothold in Australia’s healthcare sector, 16/5/2018

Healthscope attracted an AUD4.35bn (€2.74bn) unsolicited bid from Brookfield Asset Management. Last week, Northwest Healthcare Properties REIT independently acquired a strategic stake in the trust for AUD416m for a 10.1% stake, giving it a voice in any takeover move.

IPE RE Awards: Real estate investors could see solar as extra income stream, 18/5/2018

New technology is allowing investors to harness more renewable energy via property assets, opening up new sources of income for institutional landlords, delegates at the IPE Real Estate Global Conference & Awards heard in Milan this week.

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Bruce, M1 upgrades with Cross River Rail part of $45 billion infrastructure budget, 20/5/2018

Reducing south-east congestion, upgrading hospitals and expanding north Queensland infrastructure are the top priorities of the state budget due to be officially unveiled next month.

Infrastructure is no longer just airports and gas pipelines, 16/5/2018

The infrastructure asset class is being redefined by digitalisation, urbanisation, and an ageing society. The “toll roads” of the future will be fibre networks transporting not cars, but high-speed data.

A bid to save US$300 million at HCR ManorCare, and disrupt US healthcare, 15/5/2018

Real estate investment trust Welltower Inc , is purchasing the ManorCare real estate for US$2.7 billion under a deal unveiled April 24 and awaiting approval from a U.S. bankruptcy court.

JPMorgan brings alternative investments to masses with $100,000, 17/5/2018

To make the change, the largest U.S. lender is using technology from iCapital Network Inc. The online marketplace offers alternative investments, such as hedge funds, private equity vehicles and real estate deals, to high-net-worth investors and their advisers.

Trump’s infrastructure plan hits a dead end, 17/5/2018

Lawmakers are focused on other legislative matters, and Democrats say the latest “infrastructure week” that started Sunday has done little to reinvigorate the president’s plan.


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