Real Estate

Phuket Villa

admin — Thu, 14 Apr 2022 08:01:48 +0000

Phuket Villa admin Thu, 04/14/2022 - 13:31

In 2021 Symphony exited its interest in a luxury villa in Phuket which had formed part of the settlement in 2020 for a structured loan transaction made in 2014.

Real Estate

Exited

One Central Residences, Macau

admin — Fri, 01 Apr 2022 02:20:02 +0000

One Central Residences, Macau admin Fri, 04/01/2022 - 07:50

In 2006, we made an initial investment in four high-end residential apartments in a premier residential and real-estate development in Macau, One Central Residences. We completed the sale of the final apartment in 2012.

Real Estate

Exited

SG Land

admin — Fri, 18 Mar 2022 03:22:20 +0000

SG Land admin Fri, 03/18/2022 - 08:52

SG Land is a joint venture between Symphony and an established Thai property development company, and owns the leasehold rights to two office buildings – SG Tower and Millenia Tower - in Bangkok, Thailand. These buildings, in prime downtown Bangkok locations, have high occupancy rates and offer attractive rental yields.

Real Estate

Current

Desaru

admin — Fri, 18 Mar 2022 03:19:53 +0000

Desaru admin Fri, 03/18/2022 - 08:49

Symphony has invested in a joint venture with an affiliate of Themed Attractions Resorts & Hotels Sdn Bhd, an investment subsidiary of Khazanah Nasional Berhad, the investment arm of the Government of Malaysia. The joint venture has developed a resort that comprises a beach-front country club and villas next to two championship golf courses on the south-east coast of Malaysia. Our 49% interest in the venture will enable us to capitalise on the increasing demand in the Asia-Pacific region for luxury real estate, and will also diversify our current investment portfolio. Managed by One&Only Resorts, the property launched in September 2020.

Please click here to be redirected to the One&Only Desaru Coast website.

Real Estate

Current

Niseko Property JV

admin — Fri, 18 Mar 2022 03:18:30 +0000

Niseko Property JV admin Fri, 03/18/2022 - 08:48

In 2011, Symphony invested in a property development joint venture that acquired two hotels in the internationally renowned winter-sports and year-round vacation destination of Niseko, Hokkaido, Japan. At the end of 2019, the Niseko Property Joint Venture (“NPJV”), entered into an agreement for a partial sale of Niseko. The transaction involved a partial sale of land and a new joint-venture to co-develop another part of the land with Hanwha Hotels & Resorts.

Real Estate

Current

Minuet Limited

admin — Fri, 18 Mar 2022 03:16:00 +0000

Minuet Limited admin Fri, 03/18/2022 - 08:46

Minuet is a joint-venture real estate investment with an established Thai partner, who brings local knowledge and real-estate expertise to the project. The investment is a holding of approximately 40 hectares of land in Bangkok, Thailand. We have a direct 49% interest in the project, and we will continue to consider development and, or, sale options for the land holding.

Real Estate

Current