Real Estate Fund Crowded: the first debut of foreign capital fierce private capitals

Tanaka This is the inevitable development of the industry: Real Estate Fund in the field of rapid growth of participants, the rapid expansion of the scale, competition is increasingly fierce. This time the new "War Regiment" is the domestic private capital.　　This professional real estate private equity fund, known as Star-Ho Capital, September 6 officially launched, the initial funding scale of 3 billion yuan-4.9 billion yuan, led by Fosun Group, and other easy to live in China and Changhanzhong, such as the main initiator, behind the exhibition of private Enterprises Pavilion 16 of the leading private enterprises, sword refers to China's future largest real estate funds.　　It is noteworthy that, on September 6, the Singapore Take-off Group announced the take-off of China Commercial Real Estate Fund (ACCF) acquisition of the high Teng mansion, means that the size of the 800 million (about 4 billion yuan) fund has completed its Shanghai a commercial building in the full investment. "Compared with the real estate fund with mature operation and large capital, China's real estate fund has just started, and it must be prepared to deal with the competition while learning experience."　　"The Domestic investment field senior Personage tells this newspaper, the domestic real estate fund enters" The crowded "the time, but the local fund may be the weakest part. Private capital holding regiment into the newly-departing Golden Land Group, chairman of the Shanghai company Cheung Hon-chung, briefly after finishing as Star Capital CEO, or surprise many people.　　The industry is familiar with Zhao's people believe that the star-ho Capital unique model and the strength behind the private capital, may be the key to attract him. According to the disclosure plan, in 1-2 years, the star-Ho capital plan to raise 5 billion funds, to obtain 1 to 2 projects, to establish a complete business Operation service system; 2013 star-ho capital plan raise capital 12 billion, become China's largest real estate renminbi fund, the same period of holding projects expanded to 10 or so　　By 2015, star-HO Capital fund-raising scale will be no less than 20 billion, the same period of 8-10 new projects, so that star-ho capital total number of projects reached 20.　　In the third phase, star-HO Capital will strive to achieve the IPO, and build China's largest professional private high-end custom service platform. Changhanzhong told reporters that star-Ho capital will be a new business model. "The development main body will include the fund, the entity development and the commercial service three big business sectors, the entity development will focus on the private enterprise headquarters as the core urban complex." Star-HO Capital will focus on investment in China's first, high-growth n-hopsca--Starlight City Complex. As the core of the project, the private enterprise headquarters includes the Government Investment service platform, the enterprise Assets trading platform, the Enterprise Financial Service Platform, Enterprise public service platform, Corporate public office center and several major platforms. "Star-ho capital behind, is the 16 domestic industry leader in the enterprises."　　In addition to Fosun Group, easy to live in China as the initiator participation, Xing Hao Capital is with the remaining core private enterprise communication, these enterprises will be the future star-Ho Fund's main shareholder team, but do not exclude other shareholders to participate. It is understood that the star-ho fund raised funds by the project operations company Star-Ho Capital began to operate, andStar-ho Fund for the star-Ho Capital later project operation funding.　　Changhanzhong said that the star-ho fund raising the threshold of 100 million yuan, including the name of the company or individual, currently in place funds have more than 3 billion yuan.　　A core insider told the newspaper, at present, the Star-ho capital design of the future investment in the main model and carrier-star Yiu City complex, in the target land has not yet finally won, star-Ho Capital has announced in the launch ceremony of the Shanghai Grand Hongqiao, such as the first three projects of the initial planning.　　This newspaper also learned that the star-ho Capital will be operating in the mode of private equity funds, the design of the exit channel will be mainly in the project to the different proportion of the property sales back to the capital.　　Dislocation development or fierce competition?　　However, although the pattern design or investment team and other aspects are seemingly close to perfection, star-ho capital is facing a complex competitive situation.　　China's real Estate fund sector, is already not a few participants "Siberia", with various backgrounds of investors to join, the Fund field competition has been different from the past. Right now, star-ho needs to compete in other traditional housing enterprises to successfully rob the established Shanghai Grand Hongqiao Starlight Project suitable plots, and the next competitor, in addition to the existing domestic housing companies led the establishment of existing real estate funds, may have just been "access" of the huge risk of capital,　　More crucial is already in the domestic investment market as for many years international various kinds of fund big alligator. Our correspondent from Singapore Tengfei Group learned that its Take-off China commercial real Estate fund successfully acquired the third project-Shanghai Gao Teng mansion, successfully completed all investment.　　But this is not the last time the group has invested in China, it is the beginning of another round of bigger fund investments. In China, Take-off has two private-equity real estate funds-Tengfei China commercial Real Estate fund, and Take-off China Industrial Park and Industrial Park fund.　　Other Take-off funds in other Asian regions have also been the take-off of India Development Fund and the take-off of the Southeast Asia Business Space Fund.　　Tengfei China President Wu Laishun revealed that Take-off will continue to set up new real estate funds in China, investment in domestic high-quality commercial real estate.　　Temasek Group, the investment flagship of Singapore, China's real estate and capital Management leading Enterprises Fung Tree Group has just announced that with the establishment of the abundant tree in the past, the investment fund, the group will continue to increase the establishment of a nearly 1 billion U.S. dollar Chinese funds, the main target for the domestic first-line market business complex.　　All indications are that foreign funds are setting off a new wave of real estate investment in China. It is understood that the current domestic walk in front, including the Golden Land Group's stable Investment Management Co., Ltd. and UBS Group jointly raised the UBS gold land in China real estate Development Dollar fund, and Ping An trust cooperation 10 billion investment plan, will also set up RMB fund.　　In addition, the group's first private equity fund, a scale of 500 million yuan, has basically achieved investment. Domestic local types of real estate funds, but compared with the International fund, still appear weak. Zhou Yi, chairman of the China Board of Directors, said that the investment characteristics of star-ho capital are obvious and will be based on private enterprise headquartersCenter, private enterprise incubation and so on as the core function of the information exchange Center and high-end modern service platform, reflecting the investment with existing funds focus on dislocation competition.