CREAL entered into a memorandum of understanding with Singapore-based real estate investment manager Q Investment Partners and aims to increase fund formation volumes by also working with High Street Holdings, QIP's JV partner.
CREAL entered into a memorandum of understanding with Singapore-based real estate investment manager Q Investment Partners (QIP) regarding collaboration. The article focuses on the signing of the memorandum and reports on the formation of a future cooperation framework.
The cooperation under the memorandum is expected to involve Singapore-based High Street Holdings, QIP's JV partner, with an arrangement based on collaboration among multiple companies being established as a key feature.
The purpose of the collaboration is to increase fund formation volumes, and the parties intend to deepen their cooperation with a view to promoting cross-border investment. Further updates are expected on specific fund structures and funding arrangements.
The announcement can be viewed as part of CREAL's efforts to work with overseas investment management institutions and expand its fundraising capacity and assets under management. Further developments are expected.