SC Capital Partners, a Singapore-based real estate investment firm, has announced the final closing of its sixth Asia Pacific opportunistic real estate fund, Real Estate Capital Asia Partners VI L.P. (RECAP VI), at $900 million. The fund targets growth-oriented investments in developed Asia Pacific markets, with a focus on technology and hospitality sectors.
RECAP VI has already committed over 70% of its equity, with 44% allocated to Japan’s hospitality and data centre sectors. The fund’s investments include acquiring 27 hotels in Japan, managed by Japan Hotel REIT Advisors, a subsidiary of SC Capital Partners. This move aims to tap into the increasing demand from both inbound and domestic travellers.
Additionally, RECAP VI is developing a data centre campus in Osaka, Japan, and a hyperscale facility in Bucheon, South Korea, in partnership with SC Zeus Data Centres. These projects align with the fund’s strategy to capitalise on digital transformation and expanding cloud infrastructure in the region.
Suchad Chiaranussati, Chairman and Founder of SC Capital Partners, expressed optimism about the Asia Pacific real estate sector, citing strong fundamentals in Japan’s hospitality sector, the data centre market, and industrial and logistics sectors. “Despite ongoing challenges in global capital markets, we remain optimistic about the Asia Pacific real estate sector,” he stated.
The fund has attracted a diverse group of institutional investors, including sovereign wealth funds and corporations, due to its platform-driven investment approach. This successful closing highlights SC Capital Partners’ ability to leverage its in-house expertise across key sectors, enhancing operational efficiencies and generating long-term value for investors.
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