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Hongkong Land launches $8.2b office-focused private fund in SG

The company targets to grow the platform’s gross asset value to $15b.

Hongkong Land Holdings Limited has launched the Singapore Central Private Real Estate Fund (SCPREF), with assets under management of $8.2b at inception.

The fund is Singapore’s largest office-focused private investment platform comprising commercial assets, according to a press release.

SCPREF was seeded with prime commercial assets recycled from Hongkong Land’s existing portfolio. The company said the structure allows it to redeploy capital whilst retaining a majority stake in the fund at launch.

Its initial portfolio comprises 2.6 million square feet of effective net lettable area, with a gross asset value (GAV) of $8.2b as of December 2025. The fund targets to grow to at least $15b in GAV.

Post-launch, the fund has an investment mandate to acquire additional income-producing commercial assets in Singapore’s Central Business District and Orchard Road District.

SCPREF has committed equity of $4.1b, including over $1.8b from third-party investors.

Hongkong Land will act as general partner and fund manager, and is a founding investor alongside Qatar Investment Authority and APG Asset Management. Other investors include a Southeast Asia sovereign wealth fund.

The company said it is its inaugural private real estate fund.

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