>

KKR, Temasek takes 6% stake in Vinhomes for US$650 mil

The Edge Singapore |

June 16, 2020 1:38 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

HANOI (June 16): A KKR-led consortium of investors, which includes Temasek Holdings, have invested VND15.1 trillion, or US$650 million for a 6% stake into Vietnam’s largest developer Vinhomes.

Vinhomes, listed on the Ho Chi Minh Stock Exchange, has a real estate portfolio across residential, commercial and industrial sectors.

“This investment exemplifies the type of platinum brands and management teams KKR looks to work with in Southeast Asia,” says Ashish Shastry, co-head of private equity for KKR Asia Pacific & Head of Southeast Asia.

“Today’s announcement further underscores our strong commitment to Vietnam, where KKR has been active and present for nearly a decade.”

Upon completion of this deal, Vingroup, a Vietnamese conglomerate with interests in technology, industrials, hospitality, education and healthcare, remains the largest shareholder of Vinhomes.

Credit Suisse (Singapore) Limited acted as sole financial advisor to Vingroup.

The article 'KKR, Temasek takes 6% stake in Vinhomes for US$650 mil' first appeared in TheEdgeSingapore.

Read also:

h Measures needed for Vietnam’s post-pandemic real estate market recovery

h Global sentiments for real estate appear less pessimistic: Savills

h KKR and GIC buy 42.5% stake in Philippines' top hospital chain

Tags:

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

Luxury living in the new heart of Bukit Timah

5

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

Our Site

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.