BlackRock, Gaw Capital, TE Capital Join Mingtiandi Singapore Forum on Tuesday

2023/11/11 by Michael Cole Leave a Comment

Following a quiet third quarter, Singapore’s commercial real estate sector has seen a burst of investment within the past month, including a deal signed for a commercial complex in the Rocho area, and final stage talks for hotels on Robinson Road and in the Bugis area, which could lead to more than $700 million in transaction signings in November.

To find out more about what’s happening in the city-state’s commercial markets, Mingtiandi has organised a panel at its Singapore forum on Tuesday, 14 November with senior executives from major fund managers joining the discussion in front of an expected audience of over 200 industry professionals at the Conrad Centennial Hotel.

Joining the panel, which is moderated by Alicia Li of PIMCO and sponsored by Yardi, are Andrew Lee, a director with BlackRock who heads investment in Singapore and Southeast Asia; Imelda Tham, a managing director for investment with Gaw Capital and Emilia Teo, a managing director and co-founder of TE Capital Partners.

The all-day forum features 30 speakers from companies including Warburg Pincus, Oxford Properties, Ivanhoe Cambridge and Korea Investment Corporation, with tickets still available through the link above. For those of you not able to join us on-location, the first two sessions will be streamed live on Mingtiandi’s homepage starting from 9:00 AM Singapore time.

Commercial Comes Alive

Trades of income-earning real estate assets in Singapore fell to just $600 million in the third quarter of this year, with higher interest rates and geopolitical uncertainty bringing activity in the period down 59 percent from a year earlier, according to MSCI.

Following that third quarter slowdown, however, investors have seized on opportunities to buy up assets not previously available, with Keppel Capital having agreed to buy the Wilkie Edge complex in Rochor district this month for around S$350 million.

That deal was signed as Vietnam-linked Viva Land has entered exclusive talks to sell the Hotel Telegraph on Robinson Road for at least S$170 million and Gaw Capital is in due diligence for the sale of the Hotel G near Bugis for at least S$230 million, according to earlier reporting by Mingtiandi.

In September, TE Capital, led by Emilia Teo together with her brother Terence, was said to be in due diligence to purchase the VisionCrest Commercial Building on Penang Road in Singapore for around S$460 million.

Should these transactions close in the fourth quarter they would bring trades of property assets in period to nearly $1 billion and surpass the third quarter total by more than 50 percent. Mingtiandi is pleased to present its commercial panel on Tuesday, to provide insights on these transactions, and what else to expect from the Singapore market.

Streaming Show

As a service to our audience around the region, the keynote panel at the Mingtiandi Singapore Forum, featuring

Alessandro Fiascaris of Oxford Properties, George Agethen of Ivanhoé Cambridge, Sangwook Kang of Korea Investment Corporation and Jeremy Lake of Savills, will be streamed live on MTD TV starting from 9:00 AM

Also streamed live will be a spotlight interview with on Southeast Asia logistics with Warburg Pincus managing director Fan Li, Fion Ng, COO of Vietnam’s BW Industrial and Kevin Kow, Group CEO and president director with Indonesia’s NWP Property.

The commercial markets panel, which begins at 10:00 AM will be available as a recording on Mingtiandi.com on Tuesday evening, along with other sessions in the forum.

More information on the forum is available on Mingtiandi.com.