The Qatar Investment Authority (QIA) has announced its role as a founding investor in Hongkong Land Holdings Limited’s inaugural private real estate fund, the Singapore Central Private Real Estate Fund (SCPREF). With assets under management totalling S$8.2b (US$6.3b), SCPREF is now the largest office-focused private investment platform in Singapore.
SCPREF’s portfolio includes a 100% interest in Asia Square Tower 1, a one-third interest in Marina Bay Financial Centre Tower 1 and Tower 2, Marina Bay Link Mall, One Raffles Quay, and a full interest in One Raffles Link. This investment reflects QIA’s confidence in Singapore as a global gateway city, supported by strong occupier demand and transparent regulations.
QIA’s involvement highlights its strategy of partnering with top-tier operators to access high-quality real assets in key global markets. The fund’s assets are certified under Singapore’s BCA Green Mark Platinum or Super Low Energy standards, aligning with QIA’s commitment to responsible investment.
The collaboration with Hongkong Land, a major property development group, leverages their asset management capabilities and opens up future commercial opportunities in Singapore. QIA, alongside APG Asset Management, aims to provide long-term institutional capital to support SCPREF’s growth strategy.
This strategic move underscores QIA’s dedication to generating resilient long-term returns and further solidifies its presence in the global real estate market.
