HSH Real Estate: Joint venture with Pacific Star in Singapore arranged
HSH Real Estate AG has arranged a joint venture with the property investment and asset manager Pacific Star in Singapore. The partnership has a long-term orientation, HSH Real Estate reports, intending to cooperate in initiating funds for direct and indirect investments in the Asian area. For this purpose, HSH Real Estate is going to solicit capital among institutional and private investors in Germany, while Pacific Star will take over the responsibility for acquiring and administering suitable objects. A first fund, investing in a portfolio with a volume of approximately €500mn, is already in preparation.