NEWS

SC Capital Partners, on behalf of its SCORE+ Fund has exchanged binding contracts to purchase Two Wentworth Street, Parramatta for A$105.3 million. Located within Parramatta’s central business district, the property comprises an A Grade office tower in proximity to Parramatta Square, Parramatta Transport Interchange and Westfield Parramatta shopping centre. The tower is fully leased and houses predominantly government tenants, with an NLA of over 10,000sqm.

SC Capital Partners, on behalf of its RECAP Fund series, and Fortius Funds Management (“Fortius”) have jointly acquired the three final retail assets in the mixed- used community development of the award winning A$2 billion Central Park in Sydney CBD for A$174.5 million from Frasers Property Australia and Sekisui House.

Singapore-based SC Capital will pre-sell its planned $700m mixed-use hotel and office tower in the heart of Sydney in what is being pitched as the marque offer of this half.

SINGAPOREAN SC Capital Partners’ dream of developing a $750 million 55-storey luxury hotel in Sydney is a step closer to reality. Planning Minister Rob Stokes said the project has now progressed to State Significant Development state and it will update the City of Sydney’s Local Environment Plan.

After months of delays, state planning minister Rob Stokes has finally pushed a new $750 million 55-storey hotel a step closer to reality. The government will today update the City of Sydney’s Local Environment Plan to allow a 440-room luxury hotel at 4-6 Bligh Street to enter the detailed planning phase.

Singapore-based SC Capital Partners’ SCORE+ fund is doubling down on real estate linked to education, urbanisation and technology across Asia Pacific, as it prepares to reopen for subscriptions later this year.

SC Capital Partners Group (“SC Capital Partners”) has appointed Mr Felix Chan as a Managing Director for its RECAP Fund series. Based in Singapore, Mr. Chan will focus on RECAP acquisitions across the Asia-Pacific region.

With more than 40 million travellers expected to visit the country in 2020, Japan’s tourism sector is living an incredible surge. On the back of such extraordinary numbers, Japan Hotel REIT Advisors Co., Ltd., the largest hotel specialized J-REIT, is offering a path for foreign entities to invest in this booming real estate segment.

SC Capital Partners Group (“SC Capital Partners”), a Singapore-based institutional real-estate investment management firm, today announced the final closing of its fifth discretionary real estate private equity fund, Real Estate Capital Asia Partners V L.P. (“RECAP V”).

SC Capital Partners Pte. Ltd (“SC Capital Partners”) has appointed Ms. Emi Wakizaki as Executive Director for its SC Core Fund (“SCORE”). Based in Hong Kong, she will be responsible for investments in Japan, South Korea and Hong Kong.