{"id":8741,"date":"2017-09-19T12:36:00","date_gmt":"2017-09-19T12:36:00","guid":{"rendered":"https:\/\/archcapital.net\/news\/hk-private-equity-firm-buys-office-asset-in-the-philippines\/"},"modified":"2017-09-19T12:36:00","modified_gmt":"2017-09-19T12:36:00","slug":"hk-private-equity-firm-buys-office-asset-in-the-philippines","status":"publish","type":"post","link":"https:\/\/archcapital.net\/zh\/news\/hk-private-equity-firm-buys-office-asset-in-the-philippines\/","title":{"rendered":"HK private equity firm buys office asset in the Philippines"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8741\" class=\"elementor elementor-8741 elementor-6976\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-684fce1e e-flex e-con-boxed e-con e-parent\" data-id=\"684fce1e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d530e12 elementor-widget elementor-widget-text-editor\" data-id=\"d530e12\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Supalai Plc, a Thai listed property developer, has sold its 40 per cent stake in Petron Megaplaza, a Grade A office building in the Philippines, to Sky Megaplaza Properties Inc for 1.62 billion pesos ($31 million), according to the Philippine Competition Commission\u2019s announcement.<\/p><p>Sky Megaplaza Properties is a wholly-owned subsidiary of Hong Kong-based private equity fund ARCH Capital\u2019s TRG Asian Partners III, which closed the fund at $355 million in 2016. Over half of the fund corpus has been invested in China and the remainder in other countries including Thailand and the Philippines.<\/p><p>Compared to its investment of 1.34 billion pesos in 2013, Supalai has achieved a 19.7-per-cent economic internal rate of return over 50 months.<\/p><p>Meanwhile, the Thai developer also announced that it has won the bidding for acquiring the 1.12 hectare of former Australian Embassy site on Bangkok\u2019s Sathorn Road for 4.6 billion baht ($138.5 million).<\/p><p>The site covering the land of about 1.2 hectares is located in the prime business area of Bangkok.<\/p><p>Supalai\u2019s chief executive officer Prathip Tangmatithum said the company plans to turn the site into a luxury mix-used project with an estimated investment of 17 billion baht ($512 million) and it will start the construction by mid-2018.<\/p><p>The project will combine luxury condominiums and premium office facilities. It believes that this acquisition will keep its annual revenue growth between 15 to 20 per cent.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Supalai Plc, a Thai listed property developer, has sold [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[89],"tags":[59],"class_list":["post-8741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2017-zh","tag-business-updates-zh"],"acf":[],"_links":{"self":[{"href":"https:\/\/archcapital.net\/zh\/wp-json\/wp\/v2\/posts\/8741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archcapital.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archcapital.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archcapital.net\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/archcapital.net\/zh\/wp-json\/wp\/v2\/comments?post=8741"}],"version-history":[{"count":0,"href":"https:\/\/archcapital.net\/zh\/wp-json\/wp\/v2\/posts\/8741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archcapital.net\/zh\/wp-json\/wp\/v2\/media\/6979"}],"wp:attachment":[{"href":"https:\/\/archcapital.net\/zh\/wp-json\/wp\/v2\/media?parent=8741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archcapital.net\/zh\/wp-json\/wp\/v2\/categories?post=8741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archcapital.net\/zh\/wp-json\/wp\/v2\/tags?post=8741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}